The Sun.
London, England, 1869-10-08 00:00:00

MR. CHICHESTER FORTESCIJE ON BDUCAtION.

The Chief Secretary for Ireland has been making
a few remarks at Dundalk on the subject of educa-
tion. Ho compared the denominational with the
mixed system, and contended that in the great field
of Irish education there was room for both forms.
He feared that much of the real value of education
was lost sight *of in these discussions upon systems.
Some very excellent people, he believed, wore quite
as fanatical in their advocacy of secular or mixed as
those who favoured the denominational system. Let
care, he said, bo taken that there is a sound, bond fide
education ; but let them not come up to the
shibboleth of any party. Many of the advocates of
denominationalism in their zeal acted against educa-
tion itself.

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, Esa., 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.
She income of the year, it will le seen, amounts t
£310,499 18s., and the total charge r,, £445,077 10s. 9d
The difference, £95,422 7s. 3d., added to the balance of
the surplus fund at the commencement of the financial
year, raised that item to £1,002,974 Lis. 9d., its present
amount.
SURPLUS FUND ACCOUNT, JUNE 30, 1869.
INCOME OF THE Y EAR.
DR. s. d.

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

£ s. d

907,52 8 6

ances
Ditto on old ditto 357,988 7 0

371,518 12 1
Interest from investments 120,959 12 10

492,508 4 11

Profit and loss, balance of
account

Total income

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

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

participaiingpolicie; 24,304 6 6
Policies surrendered
Re-assurances—new
Ditto old 51,009 4 1

405,561 12 1
Commission
Medical fees

X s. d.
8,880 4 0

Income tax 3,017 15 8
Expenses of management 16,238 9 10

436,187 6 9

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 now assurances effected
in the year.
The interest from investments is £120,959 12s. 10d., or
44 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 £48,000.
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 ou 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.
BALANCE-SHEET. JuNz 30, 1869.
LIABILITIES.
Interest due to proprietors
Maims on decease of lives assured, and
Addditions thereto unpaid 108,940 6 7
Sundry accounts
sums assured, &c. (1867) 6,336,C ).„ 96 8 2
Proprietors' fund
Surplus fund

£6,757 17 0

Examined and approved. £7,675,813 010
THOMAS ALLEN,
HENRY ROSE, } Auditors.
CR 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
-)itto ditto Temporary secu-
rities
;urrent interest on the above investments 30,934 4 6
Oash and bills
Advanced on security of the company's
policies
Agents' balances
9
16 8
Sundry accounts
Value of premiums (1867) ............ 4,506,167 18 0
(eine of re-assurances .....................••• 85,706 14 5

£7,675,813 0 10
The balance-sheet does not appear to call for any re-
}nark. The assets are, of course, increased b' Ho aunt of
.£95,422 7g. 2d. 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 :
lAM FREDERICK fa.; LA RITE, Ef,Q.,Chai!•man.
ROBERT ALEXANDER GRAY, Esq., Deputy-Chairman
Charles Bischoff, Esr. James Murray. Esq.
Thomas Boddington, Esq. Philip Rose, Esq.
Charles Chatfield, Esq. George Russell, Esq.
SirJ. Buller East, Bt., D.C.L. Thomas Godfrey Sambrooke
Wm. A r,igustus Guy, M.D., Esq.
F.R.S. Admiral Tindal.
CnarlesThos.llolcombe,Esq. Right Hon. Sir John Young
Joshua Lockwood, Esq. Bart., K.C.B.

THE SUN" NEWSPAPER.-G. R. GLENIE
delivers the LATE EDITION at Chelsea, 7.40; Kilburn,
, Starch-green, 8; Woolwich, 7.30; Uxbridge, 9.20; Watford,
9.45.