The Sun.
London, England, 1869-08-06 00:00:00

EAGLE rNSURA.NCE COMPANY,
LONDON.

Report of the Directors for the year ending the 30th
Juno, 1868, read at the Annual General Meeting of
Proprietors, August 14, 1868—Colonel CHARLES
WETHERALL, K.C.T., Chairman of the Company, in
the Chair. _

The proprietors will no doubt remember that at the last
annual general meeting a report was made to thorn for the
quinquennial period then terminating, and that a bonus
was declared in respect of it amounting to the sum of
£208,774. The surplus fund account, as under, commences
with the balance of .Tune, 1867, after deduction of this
bonus—that is to say, with the debit of £772,740 13s. 9d.

SURPLUS FUND ACCOUNT, 30Th JUFE, 1863.
Du. INCOME OF TILE YEAR.
Balance of account, 30111
Juno, 1807, £981,514 13 9
Less amount I istributed
—as bonus 208,774 0 0

Premiums on new assur-
ances
Ditto on old ditto 366,215 7 3

Interest from invest-
ments

.£3:t0,811 8

117,584 7

£772,7,10 13 9

£498,395 15 11
Profit and loss, balance
of account
Total income 541,466 9 2

£1,317,207 2 11
CR. CHARGE OP THE YEAR
Dividend to proprietors
Cla;-ns on decease of lives
assured £265,523 13 5
Additions to those under

participating policies 22,816 4 7
Policies surrendered 28,612 11 3
Re-assurances, now
Ditto, old 50,365 0 8

Commission

£370,618 5 3
11,702 15 0

Medical fees
Income tax 2,215 4 7
Expenses of manage-
ment 15,489 8 5
400,777 9 5

Total chargA
Balance of account, 30th Juno 1868 907,552 8 6

X 1,317,207 2 11
Examined and approv
iriII!1?I11,4!-SROASLEL,EN1 Auditors

The total income of the year, it will be seen, is £544,406
9s. 2d., and the total outgo £409,654 14s. sd. ; the diffe-
rence, or the sum laid by- viz., £134.811 14s. 9d.—raises
the fund again to £907,552 Bs. 6d.
The interest received during the year is £117,584 7s.
3d., arising from the productive portion of the realised
assets of £2,897,157, mentioned in the last year's report.
The whole assets, productive and unproductive, may there-
fore be considered as having improved at the rate of rather
more than 4 per cent. ; or, if the profit shown of £46,070
13s. 3d,, derived from various extraneous sources, be in-
cluded, at upwards of £5 12s. per cent.
The premiums on new assurances are £14,596 ls. 9d.
and of this sum £3,270 15s. 4d. has been expended in re
assurances.

The claims on decease of lives assured are nearly idea
tical in amount with those of 1866. They are less than
those of last year by nearly £19,000.
A considerable reduction, too, appears in the amount
of premiums paid for re-assurance, many of the risks
re-assured having terminated by death and other causes.
The expenses of management are less than those of last
year by upwards of £1,400. But they still include charges
incurred in the final closing of the two officeslast absorbed
by the company. The whole expenditure, however, in-
cluding income tax, is at the rate of little more than 5}
per cont. on the total income.
The balance-sheet is as follows :
DR. LIABILITIES.
Interest due to proprietors
Claims on decease of lives assured, and
additions thereto unpaid 61,530 4 5
Sundry accounts
Liability under sums assured, &c. (1867) 6,369,169 11 7
Proprietors'fund
Surplus fund as before 907,552 8 6

Total £7,565,198 1 3
Cu. ASSETS.
Amount invested in fixed mortgages ....£1,460,772 2 7
Ditto ditto decreasing ditto
Ditto ditto reversions 347,136 5 5
Ditto ditto funded securities
Ditto ditto temporary securities
Current interest on the above invest-
ments 36,243 7 6
Cash and bills 22,604 2 9
Advanced on security of the company's

policies....•
159,503 14 9
Agents' balE aces
Sundry accounts
Value of premiums (1867) .... 4,506,167 18 0
Value of re-assurances 86,860 13 9

Total X 7,565,198 1 3
Etarnined and approved.

THOMAS A LLENI Auditors.
HENRY ROSE,
The present disposition of the Company's funds is shown
by this account. On ccmparing it with that of 1867, it
will be observed that further investments have been made
on mortgage and in the Government funds, and that about
£ll,OOO more has been advanced on security of the com-
pany's policies. Exclusive of the sum indicating the value
of the future premiums, the assets amount to £3059030
3s. 3d. , ,
The direction of the company is now constituted as
follows :
The Right Hon. Sir JOHN YOUNG, Bart., K.C.B. Chair-
man.
WILLIAM FREDERICK DE LA RUE Esq., Deputy-
Chairman.
Charles Bischoff, Esq.
Thomas Boddington, Esq.
Charles Chatfield,
Sir J. Buller East., Bart.,

Chas. Thos. Holcombe, Esq.
Joshua Lockwood, Esq.
James Murray, -Esq.
Philip Rose, hsq.
George Russell, I,sq.
Thos. Godfrey Samb ooko.
Esq.
Admiral

. .
D.C.L.
Robert A. Gray' Esq.
Wm. Augustus Guy M.D.,
F. 8.5.

THE RESCUE SOCIETY'S HOMES
Are as follows :
For Fallen Women.
28, Church-row, "lamp- 150, Now Kent-road.
stead. 48, Church-street, Stoke
13, Camden-street, Camden- Newington.
town. Maize-hill Cottage, Green-
-205, Great Portland. street. wich.
For Young Girls in Danger.
27, Church-row, Ifnmpstead.
9, Tlonstridge-villas, Rt. John s-wood.
St. Mary's Lodge, Buckhura-hill.
Country llome—St. James's-street, Dover.
Temporary home-85, Queen-street, Cheapsido
In addition to the above-named homes, the Committee
have under their charge three homes for servants of good
character, in which are admitted about 1,000 friendless
servants annually.
The home at Great Portland-street is for young fallen
girls from 10 to 16. The committee are deeply anxious to
open another house for this pitiable class.
The Society admitted to its homes last year 687 young
women and girls. It was compelled to refaso 524 appli-
cants, whose histories are recorded in the applicant's book.
Tho Society's Report (of which a contributor writes, "I
never road a report of any charitable institution which so
entirely commended itself to my mind and awoke my
sympathy") may be had on application.
The Sodiety is under the presidency of the Earl of
Shaftesbury. Its bankors are Messrs. Barclay and Co.
The Committee very earnestly commend its work to the
benevolent. DANL. COOPEE, pea
ist Qatatitreet Quaid°.