The Sun.
London, England, 1869-03-20 00:00:00

EG
ReportL LrsßONfAopri\TOthNee. Ilyear ending
COMPANY,
June, 1868, read at the Annual General Meeting of
the 30th
Proprietors, August 14, 1868—Colonel CHARLES
WETHERALL, K.C.T., Chairman of the Company, in
the Chair.
AofE l
The proprietors will no doubt remember that at the last
the:ireSctUo
annual general meeting a report 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, 30m JUYE, 1868.
Du. INCOME OF THE YEAR.
Balance of account, 30th
June, 1867, £981,514 13 9
Less amount distributed
as bonus

Premiums on new assur-

208,774 0 0

nrirom
Ditto on old ditto •••..
866,215 7 3

£380,811 8 3

Interest from invest-
ments 117,584 7 3

£498,395 15 11
Profit and loss, balance
of account ............... 46 070 13 3
Total income ,

£772,740 13 9

544,466 9 2

£1,317:207 2 11

Cn. CHARGE OF THE YEAR.
Dividend to proprietors £8,877 5 0
Claims on decease of lives
assured £265 523 13 5
Additions to those under
participating policie 22,816 4 7
Policies surrendered... 28:642 11 3
Re-assurances, new 3,270 15 4
Ditto, old 50,365 0 8

X 370,618 5 3
Commission 11702 15 0
Medical fees 751 16 2
Income tax .............. 2.215 4 7
Expenses of manage_ '
meat 15,489 8 5

400,777 9 5

Total cbarr ............ .£109,654 14 5
Balance of account, all; .. ne. ..
fg3 ...... 907,55'2 8 6

£1,317,207 2 11
Examined and approv-il
THOMAS ALLEN} Auditors
HENRY ROSE,
The total income of the year, it will be seen, is £514,466
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 8s Gd.
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 lss. 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 loss 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. Tho whole expenditure, however, in-
cluding income tax, is at the rate of little more than
per cent. on the total income-
The balance-sheet is as follows :
Dn.
Interest due to proprietors
Claims on decease of lives assured, and

additions thereto unpaid
Sundry accounts
6,369,169 11 7 45,875 13 6
Liability under sums assured, &c. (1867)
Proprietors' fund ........... .
Surplus fund as before

Total .................................... £7,565,198 1 3
CR. ASSETS.
Amount invested in fixed mortgages
....£1,460,772 2 7
Ditto ditto decreasing 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-

manta
Cash and bills ....................................
Advanced on security of the company's
policies—. ..................................... 159,503 14 9
Agents' balt.nces .............................. 27,112 9 6
Sundry accounts .............................. 112,460 15 0
Value of premiums (1867) .......... 4,506,167 18 0
Value of re-assurances 86,860 13 9

36,243 7 6
22,604 2 9

Total 4 ......... .£7,565,198 1 3
Examined and approved.
THOMAS ALLEN,)
HENRY ROSEAuditors.
Tho 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
3s. 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-
Chairman.
Charles Bischoff, Esq.
Thomas Boddington, Esq.
Charles Chatfield, Esq.
Sir J. Buller East, Bart.,
D.C.L.

Chas. Thos. Holcombe, Esq.
Joshua Lockwood, Esq.
James Murray, Esq.
Philip Rose, Esq.
George Russell, Es(

. hsq.
Robert A. Gray! Es q. Thos. Godfrey Sambrooke,
Wm. Augustus Guy, M.D., I Esq.
F.R.S. I Admiral Vaal.;