The Sun.
London, England, 1869-05-06 00:00:00

X I3SOLUTE SECURITY POLICIES, UN-
FoRFEIT ABL E, UNCONDITIONAL, and UN-
CHALT.ENGEABLM, issued by the PRUDENTIAL
ASSURANCE COMPANY, 69, Ludgate-hill, London,
E.(l. Established 1848.
The Directors of this Company, in deference to an ob-
jection not unfrequently urged by persons invited to as-
sure, that the ordinary mode of Life Assurance is in their
opinion defective or uncertain, by reason or the operation
of the customary conditions, have resolved to p-omulgste
the present Tables, and to is,ue Assurances under them
which shall be absolutely Unforfeitable, Unconditional,
and Uuchallengeable.
For the reason referred to, many persons hesitate or
decline to assure on the ground that, in the event of in-
•ability or unwillingness to continue payment of their pre-'
miums, the Assurance will become forfeited. To this
class of the public the system now introduced will espe-
cially commend itself, being entirely free from all condi-
tions of forfeiture on account of non-payment of premium,
or from any other cause whatever; while at the same
time it absolutely guarantees at decease, when even a de-
fault is made in payment of the premium, a fixed cum in
respect of every pentium paid, baring the same propor-
tion. to the total amount assured as the number of pre-
mums actually paid may bear to the whole number origi-
nally contracted to be paid.
Besides this important advantage, every policsly. will
.ex-
pressly state what sum can at any time be withdrawn on
the discontinuance of the assurance.
The assured will thus always have the option of retain-
ing either an ascertained fixed sum payable at decease,
or, in case of need, of withdrawing a certain amount, ac-
cording t the duration of the Policy, such amounts being
set forth'on every Policy, and rendering unnecessary any
future reference to the Companyou these point as is the
mtragiAt:Orrassuring The ifiVie of debtors wi :appreciate
this lecture as one greatly protective of their interests, and
it will likewise commend itself to bankers, capitalists, and
others who are in the habit of making advances collaterally
secured by Life Policies, as they can at any time learn, by
mere inspection, the exact value, either immediate or re-
versionary, of a Policy of this description.
Every Policy issued on this plan will be without any
conditions as to voyaging, foreign residence, or other usual
limitations. By this freedom from restrictions of all kinds
the objections before referred to will be entirely removed,
and the Policies will become at once positively valuable as
actual securities.
In addition to the foregoing statement of advantages,
the number of premiums is strictly defined. The Ingest
term provided for is twenty-fire years, and the shortest
five years, as shown by the Tables. Thus, bankers, credi-
intonrys,
nalnwdayotshkenv
rsolhothille inugtpLlnictiensmoofuntthitsbey clamssaays
be called
upon to advance so as to maintain the full benefit of the
Assurances—a matter of great importance where policies
are held as collateral security.
It is only necessary to add that, as a consequence of the
policies under these tables being temnfgoab
uncon-
ditional, they will also be . any ground
whatever. uneerfeiltnab o lne and
hoThey may therefore be aptly termed Absolute
Security Polities.
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largest amount of new
Kingdom. SPECIAL
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AGENTS WAN
buseisnteiomnsabolfe,
HENRY HARBEN, Secretary.
office. in
anYTED.

HOSPITAL for DISEASES of the THROAT.
Golden-square, W.
President—His Grace the Duke of GRAFTON.
The Committee of Management earnestly APPEAL for
FUNDS to help them to meet the heavy current expenses.
Upwards of 18,000 poor persons have been relieved in the
last six years.

GEORGE WOOD, Secretary.

EAGLE INSURANCE COMPANY,
LONDON. _

Report of the Diiectors for the year ending the 30th
June, 1868, read at the Annual General Meeting of
Proprietors, AuAnq 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 them for the
quinquennial period then terminating, and that a..bonus
was declared in respect of il.Dighvidinifeitiz, commences
.r?,qrill,___ZN,i,6-o-,;f--sirdji,W67, after deduction of this
bonus—that is to say, with the debit of .£772,740 13s. 9d.

ST' RPLUS FUND ACCOUNT. 30nr JUNE, 1868.
PR. INCOME OF TM: YEAR.
Balance of amount, 30tli
June, 1867 £J81,514 13 9
Less amount distributed
as bonus..

208,774 0 0

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

£3F.0,811 8

nterest from invest-
ments 117,584 7

Profit and loss, balance
of account
Total income

£498,395 15 11

46,070 13 3

CR. CHARGE OF THE YEAR
Dividend to proprietors
Cla;ms on decease of lives

assured £265,523 13 5
Additions to those under
participating policies 22,816 4 7
Policies surrendered 28,642 11 3
Re-assurances, new
Ditto, old 50,365 0 8

£370,618 5 3
Commission
Medical fees
Income tax 2,215 4 7
Expenses of manage-
ment

15,489 8 5

£772,740 13 9

544,466 9 2

£1,317.207 2 11

£8,877 5 0

400,777 9 5

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

£1,317,207 2 11
Examined and approv
THOMAS ALLEN} Auditors
HENRY ROSE,
The total income of the year, it will be seen, is £544,466
9e. 2d., and the total outgo £409,654 14s. sd. ; the diffe-
rence, or the sum laid by. viz., £131.811 14s. 9d.—raises
the fund again to .£907,552 Bs. 6d.
The interest received during the year is £117,584 78.
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 iden-
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 bi
per cent. 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
Sundry accounts
Liability under sums assured, &c. (1867) 6,369,469 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 479,932 13 3
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....
Agents' bah Aces
Sundry accounts
Value of premiums (1867) ..... 4,506,167 18 0
Value of re-assurances 86,860 13 9

Total £7,565,198 1 8
Examined and approved.
THOMAS ALLEN •
HENRY ROSE, f Auditors.
The present dkpositionof the Company's funds is shown
by this account. On umpiring 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 boon advanced on security of the com-
pany's policies. Exclusive of the sum indicating the value
of the future premiums, the assets amount to £3,059,030
Ss. 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, Esq.
Sir J. Buller East, Bart.,
D.C.L.
Robert A. Gray Esq.
Wm. Augustus Guy M.D.,

Chas. Thos. Holcombe, Esq.
Joshua Lockwood, Esq.
James Murray, Esq.
Philip Rose, Esq.
George Russell, Esq.
Thos. Godfrey Sambrooke,
Esq.
Admiral Tindal.'