The Sun.
London, England, 1867-08-15 00:00:00

ASSETS.

Amount invested in fixed mortgages £1,352,448 3 5
Do. do., decreased mortgages 194,919 8 2
Do. do., reversions 585,972 10 7
Do. do., funded securities 347,502 11 11
Do. do., temporary securities
Current into est on the above investments 28,987 3 3
Cash and bills . , ... 27,207 17 10
Advanced on security of the company's
policies
Agents' balances
Sundry accounts

148,572 3 8
28,017 0 3
43,175 3 11

Value-of re-assurances
Value of premiums

100,082 12 0
~ 4,506,107 18 0

£7,486,280 6 9

Deducting the sums payable on demand, or at an
early maturity, it will be found that the realised
asets above set forth amount to £2,897,856 103.
3d., and the proprietors will observe that of this
amount £177,680, their paid-up capital, is set
apart exclusively for them, £1,738,661 16s. 6d.,
exclusively for the policy-holders, and £981,514
13s. 9d. for both. This last item forms the
provision for the present bonus ; and the accumu-
lating for future bonuses and expenses, and it is
recommended accordingly that £208,774 be now
appropriated for immediate distribution, leaving
£772,7 if) 13s. 91. to accumulate, and also to meet
the reductions of premium i❑ respect of the policies
transferred by the National Mercantile Assurance
Society, the first of which reductions, it may be re-
membered, is to take plac. in 1868. The share of
the present distribution pertaining to the proprietors
will be psid to them, with the dividend, early in
October. The portion to be allotted to the policy
holders will be determined as quickly as possible,
and notices of the addition made in each case de-
spatched to them ; but this process will necessarily
occupy considerable time. Meanwhile, some idea
may be formed of the amount of these reversionary
additions by an examination of the subjoined table,
which exhibits them in the instance of assurances 20
years old, effected on lives of various ages at com-
mencement of the risk :

ADDITIONS TO THE SUM OP £l,OOO ASSURED UNDER EAGLE

POLICIES OF 20 YEARS' STANDING.

Age Additions prior Additions now \ Total.
at Entry., to 1867. made.
I--. --
X s. d. £ s. d. £ s. d.
23 325 0 0 67 12 0 302 12 0
25 221. 5 10 62 16 0 281 1 10
27 213 15 10 59 10 0 273 510
31 193 19 7 54 13 0 218 12 7
36 180 6 8 49 14 0 230 0 8
41. 167 2 4 46 8 0 213 10 4
46 161 2 2
46 12 0 , 207 14 2
,

The additions to be made to the assurances of the
society just transferred will be in the same propor-
tion, but will be necessarily smaller in amount, in
consideration of the shorter time—that is to say, of
the 18 months only, in which they have accrued.
The directors consider that these results are satis-

factory, and they tru3t that the proprietors will be
of the same opinion ; looking at the progress which
the company has made during the last 20 years and
the position which it has now attained, they feel
themselves justified in anticipating that its future
career will be a successful one. They will only add
that they hope in a few weeks to be enabled to re-
move from the present temporary offices to the
company's new premises in Pall-mall, and to have
thenceforth more suitable accommodation for the
carrying on of the company's business than they have
for some years past been so fortunate as to enjoy."
The CHAlRMAN—Gentlemen, I now rise to move
the adoption of the report ; but before doing so, it
is alike my pleasure and my privilege to address to
you a few words upon the present position and
future prospects of this company. This is,
as you are aware, the quinquennial meeting ;
and we therefore have to consider not merely the
advance which has been made by the company dur-
ing the past year, but also, as the first paragraph
of the report tells you, our financial position at this
quinquennial period. I have noticed myself, since
it has been my pleasure to hold a seat at this board,
that there has been a very considerable monotony
in the reports of this company. But there is one
monotony which is never disagreeable to the pro-
prietor, and that is the monotony of success ; and
I think I may say without fear of denial and with-
out any exaggeration that the monotony of success
has been enjoyed by the Eagle Company from the
day of its foundation up to the present moment.
(Hear, hear.) Now, with reference first to our
position as to advancement during the past year, it
is entirely satisfactory, with perhaps one exception ;
and I am myself, as your chairman, extremely glad
that the report clearly and pointedly sets forth that
one case in which the position of the company for
the year is perliaps not quite so successful as we
might wish. In the third paragraph of the report
you may have heard that an exception to this general
augmentation is to be found in the case of premiums
on new assurances, which have amounted to £15,401
—a lt'ss sum than they have reachel in foregoing
years. Now, gentlemen, I for one—and lam sure
you will agree with me—would rather, if there is an
announcement to be made that is not altogether
satisfactory, that it were placed prominently in the
report. (Hear, hear.) There is nothing like being
perfectly clear and above-board. It is our desire
that attention should be challenged and investiga-
tion sought ; and I shall be very happy if my
explanations are not sufficiently large and com-
prehensive to answer any questions upon any
points which may be put to me by any pro-
prietor present. (Hear, hear.) I think, gentlemen,
I can account to you in a very great degree for
the falling off in the new premium% In the first