The Sun.
London, England, 1869-09-23 00:00:00

INCOME OF THE YEAR.
s. d.

Dn.
Balance of account, 30th
June, 1868
Premiums on new assur-
ances
Ditto on old ditto 357,988 7 0

907,Z52 8 6

371,548 12 1
Interest from investments 120,959 12 10

492,508 4 11

Profit and loss, balance of
account

47,991 13 1

Total income

£1,448,052 6 6
Examined and approved.
THOMAS ALLEN,}
Auditors.
HENRY ROSE.
CHARGE OF THE YEAR.
£ s. d.

CR.
Dividend to proprietors.
Claims on decease of lives
assured
Additions to those under
participating policies 24,304 6 6
Policies surrendered
Re-assurances new
Ditto • old

X . A. d.
8,880 4 0

405,561 12 1
Commission
Medical fees .. 760 18 0
Incometax.. 3,01713 8
Expenses of management 16,238 9 10

Total charge
Balance of account, June 30, 1869, as per
balance-sheet •,

£1,448,052 6 6

The total of premiums received is £371,548 12s. id., of
which sum £13,560 ss. ld. is for new assurances effected
in the year.
The interest from investments is £120,959 12s. 10d., or
£4 2s. per cent. on the net amount of the company's
realised assets existing in June, 1868 ; and in connection
with this important feature of the company's affairs the
directors have the satisfaction of reporting that the profit
and loss account again exhibits a considerable profit,
amounting this year within a trifle to the sum of £48,009.
It may be remembered that a profit of nearly equal amount
was announced in last year's report.
Turning to the items constituting the charge of the
year, it will be noticed that the sum payable in satisfac-
tion of claims on decease of lives assured is larger than
usual. This circumstance, however, is not very material;
as was observed oo a previous occasion, the proper quin-
quennial average is generally pretty sure to obtain, and
the fact that the average for the past two years barely ex-
ceeds £309,000 tends to confirm that statement.
The expenses of management are greater by nearly
1800 than they were last year. They would have been
materially less but for the unavoidable cost of transferring
the compan3's securities into the names of additional trus-
tees. Taken as they are, however, these expenses must
be regarded as very moderate. It will be observed that
they are only three per cent. of the total income.
BALANCE-SHEET. JUNE 30, 1869.
DR. LIABILITIES.
Interest due to proprietors
~11aims on decease of lives assured, and
Addditions thereto unpaid 108,940 G 7
Sundry accounts
Liability under sums assured, &c. (1867) 6,336,626 8 2
Proprietors' fund
Surplus fund

£6,757 17 0

£7,675,813 0 10
Examined and approved.
THOMAS ALLEN,
Auditors.
HENRY ROSE,
CR ASSETS.
lmount invested in fixed mortgages £1,661,699 9 2
Ditto ditto decreasing ditto 162,770 15 2
Ditto ditto Reversions 278,557 16 6
Ditto ditto Funded securities 491,303 4 2
Ditto ditto Temporary seen-
rities 198,207 17 0
jiirrent interest on the above investments 80934 4 6
Cash and bills 12,256 15 10
advanced on security of the company's ,
policies 165,387 1 8
Agents' balances
Sundry accounts
Value of premiums (1867) • .... 4,506,167 18 0
Value of re-assurances 85,706 14 5

£7,675,813 010
The ,balance-sheet does not appear to call for any re-
mark. The assets are, of course, increased by the arm of
£95,422 7s. 3d. already mentioned, as is shown by the
augmentation to that extent in the balance of the surplus
fund.
The Direction of the Company is now constituted as
follows :
-

WILLIAM FREDERICK .DE LA RUE, Esn.,Chairman.
,ROBERT ALEXANDER GRAY, ESQ., Deputy-Chairman
Charles Bischoff, Esa. James Murray, Esq.
Thomas Tioddington, Esq. Philip Rose, Esq.
Charles Chatfield, Esq. George Russell, Esq,.
SirJ.BullerEast, Bt., D.C. L. florins GodfreySamhrooke
Wm. Augustus Guy, M.D., Esq.
F.R.S. I Admiral Tindal,

enarlesThos.llolcombe,Esq. I Right Hon. Sir Join] Young
Josl3ua 'l.ccicsvocd, Esq. Bart., K.C. B.

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