The Sun.
London, England, 1869-03-10 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
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 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. 30TH JUTE, 1868.
DR. INCOME OF ME YEAR.
Balance of account, 30th
June, 1867, £981,514 13 9
Less amount distributed
as bonus 208,774 0 0

Premiums en new assur-
£772,740 13 9
ances
Ditto on old ditto 366,215 7 3

£380,811 8 8
Interest from invest-
ments 117,584 7 3

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

£1,317.207 2 11
CR. CHARGE OF THE YEAR
Dividend to proprietors
Claims 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, new
Ditto, old 50,365 0 8

£370,618 5 3
Commission
Medical fees
Income tax
Expenses of manage-
ment 15,489 8 5

400,777 9 5

Total charge
Balance of account, 30th Juno 1868 907,552 8 6

£1,317,207 2 11
Examined and approve
THOMAS ALLEN.I
HENRY ROSE, Auditors.
The total income of the year, it will be seen, is £544,466
9s. 2d., and the total outgo £409,651 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 Is. 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 iu amount with those of 1866. They are less than
those of last year by nearly .C 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 :
DR. LIABILITIES.
Interest due to proprietors
Claims on decease of lives assured, and
additions thereto unpaid
Sundry accounts
Liability under sums assured, &c. (1867) 6,369,169 11 7
Proprietors' fund
Surplus fund as before 907,552 8 6

BRITISH lIOME for INCURABLES, Clap-
ham-rise. instituted in 1861.
Patroness—H.R.H. the Princess of WALES.
This Institution provides a borne for life, with good
nursing and skilled medical attendance, for persons over
20 years of ago and above the pauper class, who are hope-
lessly afflicted with incurable disease.
Pensions of £2O per annum are also granted.
The Home was opened in September, 1863; 71 in-
patients and 106 annuitants have been elected. Elections
in May and November. Forms of application may be ob-
tained from the Secretary.
ANNUAL SUBSCRIPTIONS and DONATIONS aro
earnestly solicited.
Bankers—Messrs. Barclay, Bevan, and Co., 54, Lombard-
street, E.G. ; Messrs. Drummond, Charing-cross, B.W.
ED WD. WEATER, Sec-
Offices, 73, Cheapside, E.C.