The Sun.
London, England, 1869-09-08 00:00:00

EAGLE INSURANCE COMPANY,
LONDON.
REPORT OF TIRE DIRECTORS,
For the Year ending 30th June, 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.
The Report which the directors have now to submit to
the proprietors differs in its tenor but little save in one or
two particulars from that laid before them in 1868.
The income of the year, it will be seen, amounts to
1540,499 18s., and the total charge to £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 15s. 9d., its present
amount.
SURPLUS F (MD ACCOUNT, JUNE 30, 1869.
INCOME OF THE 1 EAR,
s. d. £ s. d

DR.
Balance of account, 30th
June, 1868
Premiums on new assur-
ances
Ditto on old ditto 337,988 7 0

371,548 12 1
Interest from investments 120,959 12 10

4'J2,506 4 11

Profit and loss, balance of
account

47,991 13 1

Total income

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

CR.
ivitlend to proprietors—.
:lainis on de,:ease of lives
assured
olditions to those under
participating policies ... 21,304 6
eolicies surrendered
Re-assurances—new
Ditto old 51,009 4 1

£ s. d.
8,880 4 0

303,614 3 6

405,561 12 1
Commission
Medical fees
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 •• 1,002,974 15 9

X 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 loss account again exhibits a considerable profit,
amountinc, 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 on 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.
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 are only three per cent. of the total income.
BALANCE-SHEET, JtNE 30, 1869.
DR. LIABILITIES.
Interest due to proprietors
Claims on decease of lives assured, and
additions thereto unpaid 108,940 6 7
Sundry accounts
Liability under sums assured, dm. (1867) 6,336,626 8 2
Proprietors' fund

£6,757 17 0

Surplus fund 1,002,974 15 9

£7,675,813 0 10
Examined and approved.
THOMAS ALLEN,} Auditors.
HENRY ROSE,
CR ASSETS.
Amount invested in fixed mortgages £1,661,699 9 2
Ditto ditto decreasing ditto 162,770 15 2
Ditto ditto Reversions 278,557 1G 6
Ditto ditto Funded securities.— 491,303 4 2
Ditto ditto Temporary secu-
rities 198,207 17 0
Current interest on the above investments 30,934 4 6
Cash and bills 12,256 15 10
Advanced on security of the company's
policies 165,387 1 8
Agents' balances
Sundry accounts
Value of premiums (1867)
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 extant in the balance of the surplus
fund.
. _

The Direction of the Company is now constituted as
follows :

WILLIAM FREDERICK DL' LA RUE, EsQ., Chairman.
ROBERT ALEXANDER GRAY, ESQ., Deputy-Chairman
Charles Bischoff, Esq. James Murray, Esq.
Thomas Boddington, Esq. Philip
Charles Chatfield. Esq. George Russell, Esq.
4SIrJ. Buller East, Bt., D.C.L. 7 humus Godfrey Sambrooke,
Tin. Augustus Guy, M.D. Esq.
Admiral Tindal.
inarlesThos.Tlolcombe Esq. Right Hon. Sir John Young
Joshua Lockwood, Esq. Bart., K.C.B.