The Sun.
London, England, 1869-09-15 00:00:00

EAGLE INSURANCE COMPANY,
LONDON.
REPORT OF THE DIRECTORS,
For the Year ending 30th Juno, 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.
The7Report 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 be seen, amounts t
£610,499 18s., and the total charge to £145,077 10s. 9d
The difference, £95,422 7s. 3d., added to the balance of
the surplus fund at the commencement of the financial
year, ,aisod that item to £1,002,974 15s. 9d., its present
amount.
SURPLUS FUND ACCOUNT, JUNE 30, 1869.
INCOME OF TILE YEAR.
£ s. d.

DR.
Balance of nceonut, 30th
Juno, 1868...
Premiums on new rFsur-

£ s. (1

907,552 8 6

ances
Ditto on old ditto 357,988 7 0

871,548 12 1
Interest from investments 120,959 12 10

492,508 4 11
Profit. and loss, balance of

accouut

Total income

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

- • J..• .41 ..11.
Dividend to proprietors B,BBO 4 0
Claims on decease of lives
assured
Additions to those under

participating policies 24,304 6 6
Policies surrendered 20,500 5 6
He-assurances —new
Ditto old 51,009 4 1

405,561 12 1
Commission
Medical foes
Income tax 3,017 15 8
Expenses of management 16,238 9 10

486,187 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 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 lass account again exhibits a wnsiderable 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 £809,000 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 tho names of additional trus-
tees. Taken as they are, however, these expenses must
be regarded as very moderate. It will be observed that
they aro only three per cent. of the total income.
BALANCE-SHEET, JUNE 30, 1869.
Dn. LIABILITIES.
Interest due to proprietors

£6,757 17 0

Claims on decease of lives assured, and
additions thereto unpaid 108,940 6 7
Sundry accounts
Liability under sums assured, Bre. (1867) 6,336,626 8 2
Proprietors' fund
urplus fund 1,002,974 15 9

Z 7,675,813 0 10

Examined and approved.
THOMAS ALLEN
Auditors.
HENRY ROSE,
CR ASSETS.
Amount invested in fixed mortgages X 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 secu-
rities 198,207 17 0
Current interest on theaboveinvostments 30,934 4 6
Cash and bills 12,256 15 10

Advanced on security of the company's
policies _ 165,887 1 8

Aionts' balances
Sundry accounts
Value of premiums (1867) .... 4,506,167 18 0
Value of re-assurances 85,706 14 5

£7,675,813 0 10

The balance-sheet does not appear to call for any re-
mark. The assets are, of course, increased by the sum 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
Mows:—

WILLIAM FREDERICK DE LA RITE, EEQ., 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.BullerEast, Bt., D.O.L. Thomas Godfrey Sambrooko
Wm. Augustus Guy, M.D., Esq.
F.R.S. Admiral Tindal.
CnarlesThos.Holcombe,Esq. Right Hon. Sir John Young
Joshua Lockwood, Esq. Bart., K.C.B.