The Sun.
London, England, 1869-04-05 00:00:00

EAGLE INSURANCE COMPANY,
LONDON.

Report of the Directors for the year ending the 30th
June, 1868, read at the Annual General Meeting of
Ploprietors' August 14, 1868—Colonel CHARLES
WETHER ALL, 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 thorn for the
quinquennial period then terminating, and that a bonus
was declared in resppct 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 tlii,
bonus—that is to say, with the debit of £772,740 18s. od.

SURPLUS FUND ACCOUNT, 30TH JUI-E, 18G8.
DR. INCOME OF THE
Balance of account, 30th
June, 1867, £981,511 13 9
Less amount distributed
as bonus 208,771 0 0

Premiums cn now nssur-

ancvs
Ditto on old ditto 366,215 7 3

X3'fo,Bll 8 3

Interest from invest-
ments 117,581 7 3

£198,395 15 11

Profit and loss, balance
of account

Total income

£772,740 13 9

544,466 9 2

.C 1,317,207 2 11
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...... 23,312 11 3
Re-assurances, new ...... 3,270 15 4
Ditto, old ..................... 50,365 0 8

£370,618 5 3
Commission ............... 11,702 15 0
Medical fees ............... 751 16 2
Income tax .............. 2,215 4 7

Expenses of msnage-
ment ........................ 15,489 8 5

400,777 9 5

Total chargA
Balance of account, 30th June 1868 907,552 8 6

£1,317,207 2 11

Examined and approv s
THOMAS ALLEN,)
HENRY ROSE, j- Auditors

The total income of the year, it will be seen, is £514,466
9s. 2d., and the total outgo £109,651 11s. 5(1. ; the diffe-
rence, or the stun laid by- viz., £131,811 14s. 9d.—raises
the fund again to £907,552 Bs. 6d.
The interest received during the year is £117,581 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 2 if the profit shown of £16,070
13s. 3d., derived from various extraneous sources, be in-
cluded, at upwards of £5.128. 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-
ticalt in amount with those of 1866. They are less than
those of last year by nearly £19,000.
A considerable reduction, too, appears in
of premiums paid for re-assurance, many ohfothe amounti.isks
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
Claims on decease of lives assured, and

additions thereto unpaid 61,530 4 5
Sundry accounts
Liability under sums assured, &c. (1867) 6,369,169 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
Ditto ditto temporary securities 142,424 011
Current interest on the above invest-
ments
Cash and bills 22,604 2 9
Advanced on security of the company's
policies 159,503 14 9
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 3
Examined and approved.
THOMAS ALLEN,} Auditors.
HENRY ROSE,
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 corn-
pany's policies. Exclusive of the sum indicating the value
of the future premiums, the assets amount to £3,059,030
as. 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-
hrl Thomas
s
Chairman.
Charles Bischoff, Esq. • Chas. Thos. Holcombe, Esq.
Chatfield, Esq.
E.sq.
JJaomsheusamLuorcrkasyv,oviod,sqE. sq.
Sira J. Buller EaSt, Bart Philip Rose, Esq.
D.C.L.
George Russell, Esq.
Robert A. Gras! Esq.
Wm. Augnstug Guy, M.D., Thos. Godfrey Sambrooke,
LUZ I Admiral Thadad.:

ROYAL HOSPITAL for INCURABLES,
West-hill,_ Putney-heath.

Established 31st Jury, 1854.
This Institution exists for the comfort and relief of per-
sons (being above the pauper class) afflicted with incur-
able bodily disease.
Relief is afforded-Ist. By supplying a home, with
medical attendance,
musing, and all requisites for the in-
valid.

2d. By granting an annuity of £2O to patients at their
own homes. _ _ _

A new wing to the Hospital has lust been completed
at a cost of upwards of £lO,OOO, and FUNDS aro urgently
NEEDED to liquidate the expenses incurred.
There are 120 inmates and 237 pensioners, all entirely
dependent upon voluntary subscriptions.
Nearly 300 approved applicants are awaiting election.
For the maintenance of present operations, for the ex-
tension of the benefits of the Charity, donations, and espe-
cially annual subscriptions, are earnestly solicited. Life
subscriptions, £5 ss. and upwards; annual subscriptions,
half a guinea and upwards, with votes in proportion.
Information will be supplied, with the greatest pleasure,
upon application to the Secretary, by whom contributions
will be thankfully received.
FREDERIC ANDREW, Secretary
NO. 10joultry?_lowl9p, E.Q. geptuakor 180.,