The Sun.
London, England, 1869-04-17 00:00:00

EAGLE INSIT RND ON.A.N E COMPANY,
LOC

Report of the Directors for the year ending the 30th
June, 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 roport was made to them 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 June, 1867, after deduction of this
bonus—that is to say, with the debit of £772,740 13s. 9d,

SURPLUS FUND ACCOUNT, 30TH JUFE, 1868.
DR. INCOME OF THE YEAR.
Balance of account, 30th
June, 1867, £981,514 13 9
Less amoundistributed
as bonus
R1c...;‘,.. n-
;nnew assur-
ances
Ditto on old ditto 208,774
£772,740
13 9
366,215 7 3

£380,811 8 3
Interest from invest-

monts 117,584 7 3

£498,395 15 11
Profit and loss, balance
of account 46,070 13 3
Total income 544,466 9 2

£1,317,207 2 11
CR. CHARGE OF THE YEAR
Dividend to proprietors
Clahls 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, now ...... 3,270 is A
Ditto, 01d..........,......... 50,365 0

Commission £370,618 5 3
........
Medical fees ....... 11,702 15 0
751 16 2

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

Total chargA ........... £109,654 14 5
........ , .........
907 552 8 6
,
Balance of account, 30 tl; Juno, 1868 ......

£1,317,207 2 11
Examined and approvA
THOMAS ALLEN} Auditors
HENRY ROSE,
The total income of the year, it will be seen, is £544,466
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 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 51
per cent. on the total income.
The balance-sheet is as follows :
Dn. LIABILITIES.
Interest due to proprietors .£6,977 13 3
Claims on decease of lives assured, and
additions thereto unpaid 61,530 4 5
Sundry accounts
Liability under sums assured, &c. (1867) 6,369,
Proprietors' fund
Surplus fund as before ........................ 907,552 8 6

Total £7,565,198 1 3
en. ASSETS.
Amount invested in fixed
.mortFages £1460,772 2 7
Ditto ditto decreapng ditto 183,979 17 10
,
Ditto ditto reversions ... . 347,136 5 5
Ditto ditto funded securities 479,932 13 3
Ditto ditto temporary securities 142,424 011
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' bals_nces 27,112 9 6
Sundry accounts
Value of premiums (1867) ........... 4,506,167 18 0
Value of re-assurances 86,860 13 9

Total .................................... £7,565,198 1 3
}
Examined and approved.
THOMAS A LLEN
HENRY ROSE, Auditors.
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 £3,059,030
38. 3d.
The direction of the company is now tonstituted as
follows :
The Right Hon. Sir JOHN YOTTI,TG, Bart.}
man.
$,C.$. Chair-
WILLIAM FREDERICK
Chairman.
- .0E LA RUE Esq., Deputy-
Charles Bisel— -
Tho—

Esq•
Boddington, Esq.
Charles Chatfield, Esq.
Sir J. Buller East, Bart.,

Chas. Thos. Holcombe, Esq.
Joshua Lockwood, Esq.
James Murray, Esq.
Philip Rose, Esq.
George Russell, Esq.
Thos. Godfrey Sambrook°,
"Amyl Tinda

D.C.L.
Robert A. Grayl Esq.
Win. Augustus Guy 31.1).,