The Sun.
London, England, 1866-08-22 00:00:00

E AGLE INSURANCE COMPANY, London,
REPORT OF THE DIRECTORS,
For the year ending 30th June, 1866, read at the ANNUAL
GENERAL MEETING, 10th August, 1806.
CHARLES CHATFIELD, Esq., in the chair.

The Directors have the satisfaction of reporting to the
proprietors that, in pursuance of the resolutions unani-
mously passed at the Special General Meeting held in
April last, the amalgamation of the National Mercantile
Assurance Society with the Eagle has been carried into
effect, and two of the directors of that society—Mr. Wil-
coxon (heretofore the chairman), and \lr. William Fre-
,,leir,4,4..ei,latus)=n9w occupy seats at the Eagle Board.
it may be remembered takes effect retrosii-e-CriVeV, itlarrin
balance-sheet shows the assets as they existed on the 30th
June lest, augmented by those just transferred.
By the Surplus Fund account it will be seen that the
total income from premiums and interest is £183,376 Os.
11d., and the total outgoing £ll-1,790 13s. Gd. The dif-
ference, £68,585 is. 3d., and the surplus fund contributed
by the amalgamated society, yiz., £151.5.15 Ss. Gd., increase
the surplus fund of the company to £899,095 Bs.
The premiums on new assurances are considerably
less than those of the foregoing year ; but at the same
time a much smaller portion of them has been devoted to
re-assurance. _ _

The change in the financial position of the Company
precludes an exact comparison with former years. The
expenses of management of the Eagle for the year are al-
most identical in amount with those of the last. The ex-
penses of the National Mercantile Society will, of course,
henceforth cease.

Deducting the several items payable on demand, or at
an early maturity, the realised assets, as set forth in the
balance sheet, amount to £2,559,135 4s. Bd. Of this sum
£178,340 belongs exclusively to the proprietors, £1,481,699
16s. Bd.. exclusively to the policy holders, and £899,095 Bs.
partly to the one and partly to the other. The last two
items subject, of course, to exact adjustment at each quin-
quennial investigation.
It remains only for the Directors to mention that, since
the last annual meeting the Company has lost, by the de-
cease of Sir William Gore Ouseley, and by the retirement
of Mr. Gould, the services of two of the members of the
board. Both gentlemen were much respected, and it is
with great regret that the directors have to make this an-
Jaouncement.

* £5,880,163 14s. 4d., less £1,398,463 17s. Bd.

SURPLUS FUND ACCOUNT.
INCOME OF THE YEAR.

Bttlane) of Account, 30th
June, 1865 ... ...,C678,964 12 1
Ditto National Mercantile
Society „, 151,545 8 6

Premiums on new as-
surances ...
Ditto old ditto ...

. 21,553 18 10
. 354,800 3 7

370,3.51 2 5
Interest from Investments 107,021 18

Total incomo ...

Cu. CHARGE OF THE YEAR.
Dividend to Proprietors ... •.. •••
Claims on decease of lives
assured, &c.
...£265309 3 6
Additions to those under ,

participating policies... 22,574 13 7
Policies surrendered ... 23,289 5 5
Reassurances, new ... 6,951 is
Ditto, old ... 55,311 12 10

373,559 11 9
Commission ... 10,405 010
Medical fees ... -89 14 4
Income tax ... ... 2,017 17 3
Expenses of management 12,482 1U 8
Ditto National Mercantile
Society

61 012 1 2
...

405,369 16 0

Total charge ... 414,790 13 6
Balauce of account, 30th June, 18G6, as below 899,095 8 0

£1,313,886 1 6

Examined and approved,
THOMAS ALLEN,} Auditors.
HENRY ROSE,
BALANCE SHEET.
Du. LIABILITIES.
Interest due to Proprietors ...
Claims on decease of lives assured and
additions thereto unpaid ...
Cash bonus due to policy-holders
Sundry accounts ...
Value of sums assured
Prof

£6,086 3 9

... 80,748 9 11
... 538 6 1
... 69,624 9 11
... 5,880,163 14 4

prietors' fund ... £178,340 0 0
Surplus fuhd, as above 899,095 8 0

1,077,435 8 0

£7,114,596 12 0

Cit. ASSETS.
Amount invested in fixed mortgages £1,317,142 13 2
Ditto, ditto, decreasing ditto . ... 182,849 810
Ditto, ditto, reversions • . 477,590 15 11
Ditto, ditto, funded securities
Ditto ditto.. 334,424 2 5
Current, , temporary securities ... 50,124 11 6
interest on th© above invest-
Cash and bills
Advanced on security of the Gon.-ipany's.
policies
Agents' balances
Sundry accounts
Value of premiums
Value of reassurances

31,783 17 10
17,744 10 2

... 165,567 7 9
,•• 34,231 6 5
... 60,500 5 8
••• 4,398,463 17 8
••• 44,173 14 8

.C 0,114,596 12 0

Examined and approved,
THOMAS ALLEN} Auditors,
HENRY ROSE,

The direction of the Company is now constituted a,
follows

GEORGE RUSSELL, Esq., Chairman.
Colonel CHARLES WETHERALL, K.C.T., Deputy-

Chaff

Lilian.

Charles Bischoff, Esq.
Thomas Boddington, Esq.
Charles Chatfield, Esq.
William Frederick De La

!Joshua Lockwood, Esq.
James Murray, Esq.
Ralph Charles Price, Esq.
Philip Rose, Esq,
Thos. Godfrey Sambrooke,
Esq.
Caytzl,ouis Symonds Tindal,

Rue, Esq.
Sir J. Buller East, Bart.,
D.C.L.
Robert A. Gray, Esq.
Wm. Augustus Guy, M.D.
Chas. Thos. Holcombe, Esq.
ichard Harman Lloyd, Zig.

R.N.
Robert Wileoxon, Esq.
Right Hon. Sir John Young,
Bart.