The Sun.
London, England, 1869-10-05 00:00:00

EAGLE INSURANCE COMPANY,
LONDON.
REPORT OF THE DIRECTORS,
For the Year ending 30th June, 1869, read at the Annual
General Meeting of Proprietors, 13th August, 1869,
WILLIAM FREDERICK DE LA RUE, ESQ., Deputy-
Chairman of the Company, in the Chair.
The Report which the directors have now to submit to
the proprietor differs in its tenor but little save in one or
two particular from that laid before them in 1868.
fhe income of the year, it will le seen, amounts t
Z 540,499 18s. and the total charze r • .C-145,077 10s. 9cl
The difference, £95,422 7s. 3d., added to the balance of
the surplus fund at the commencement of the financial
year, wised that item to £1,002,974 15s. 9d., its present
amount.
SURPLUS FUND ACCOUNT, JUNE 30, 1869.
INCOME OF THE YEAR.
DR. £ S. d.

X s. d

Balance of account, 30th
June, 1868
ererniums on new assur-

907,152 8 6

ances
Ditto on old ditto 357,988 7 0

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
1- Auditors.
HENRY ROSE,
CHARGE OF THE YEAR.
d.

CR.
Dividend to proprietors
Claims on decease of lives
assured
Additions to those under

s. d.
8,880 4 0

305,614 3 6

participating policies 24,304 6 6
Policies surrendered
Re-assurances new
Ditto old 51,009 4 1

Commission
Medical fees
Income tax

405,561 12 1
10,618 11 2
760 18 0
3,017 15 8

Expenses of management 16,238 9 10

436,187 6 9

445,077 10 9

Total charge
Balance of account, ;Tune 30, 1869, as per
balance-sheet

£1,448,052 6 6

Tho total of premiums received is £371,548 12s. ld., of
which sum £13,560 ss. ld. is for now assurances effected
in the year.
Theinterest from investments is £120,959 12s. 10d., or
.£1 2s. per cont. 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 £48,000.
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 oa 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
£BOO than they were last year. They would have been
materially less but for the unavoidable cost of transferring
the company'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. Ju 30, 1369.
DR. LIABILITIES.
Interest due to proprietors £6,757 17 0
Maims on decease of lives assured, and
Addditions thereto unpaid 108,940 6 7
Sundry accounts
LiabiN ..• ler sums assured, &c. (1367) 6,336,626 8 2
•
Proprietois fund
Surplus fund

£7,675,813 0 10
Examined and approved.
THOMAS ALLEN,)
HENRY ROSE, Auditors.
Cx ASSETS.
mount 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
litto ditto Temporary secu-
rities 198,20717 0
Jurrent interest on the aboveinvestments 30,934 4 6
Oash and bills 12,256 15 10
Advanced on security of the company's

polieiox
Agents' balances
Sundry accounts
Vslue of premiums (1867)
Value of re-assurances

165,387 1 8
25,489 16 8

57,331 7 9
4,506,167 18 0
85,706 14 5

£7,675,813 0 10

The balance-Pl:Pei, dons not appear to call for any re-
mark. The ars,ts are, of course, increased by the sum of
£95,422 7s. fid. already mentioned, es is shown by tho
augmentation to that extent in the balance of the surplus
fund.

The Direction of the Company is now constituted as
follt7ws

WILLIAM FREDERICK .OE LA RUE, Esa., Chairman.
ROBERT ALEXANDER GRAY, ESQ., Deputy-Chairman
Charles Bischoff, Esq. James Murray, Esq.
Thomas Boddington, Esq. Philip Rose, Esq.
Charles Chatfield, Esq. George Russell, Esq.
SirJ.Buller East, Bt., D.C.L. Thomas Godfrey Sambrook°
Wm. A' gustus Guy, M.D., Esq.
F.R.S. Admiral Tindal.

C;ltilesThos.Holcombe,Esq. I Right lion. Sir John Young
Joshua Lockwood, Esq. , Bart" K.C.B.