The Sun.
London, England, 1866-08-15 00:00:00

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

The Directors have the satisfactionof 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 Mr. William Fre-
derick ela Rue—now occupy seats at the Eagle Board.
The following account exhibits the increased income
and outgoing of the year arising from the junction, which
it may be remembered takes effect retrospectively, and the
balance-sheet shows the assets as they existed on the 30th
June last, augmented by those just transferred.
By the Surplus Fund account it will bo seen that the
total income from premiums and interest is £483,376 Os.
lid., and the total outgoing £414,790 13s. 6d. The dif-
ference, £68,585 7s. 5d., and the surplus fund contributed
by the amalgamated society, viz., £151,545 88.6 d., 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 tho 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 tlicie of the last. The 6X-
penses of the National Alercantile 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-
nouncement.

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

SURPLUS FUND ACCOUNT.
Dn. INCOME OF THE YEAH.
Baltinco of Account, 30th
June, 1865
...£678,9G1 12 1
Ditto Nationalllercantilo
Society ••• 151 545 8 G
£830,510 0 7
Premiums on new as-
surances .. ... 21,553 18 10
Ditto old ditto 354800 3 7

Interest from Investments 107,021 18 6

Total incomo ...
..:

483,376 0 11

£1,313,886 1 6
CHARGE OP THE YEAR.
Dividend to Proprietors £9,420 17 6
deceaseClaashnsusroend,szc...
...of lives
assured, 3 6
Additions to those under ,
participating policies... 22,574 13 7
Policies surrendered 23,289 5 5
Reassurances, new 6,951 16 5
Ditto, old 55,314 12 10

373,559 11 9
Commission ... ... 10 405 010
Medical fees ... . '892 11 4
Income tax ...
... 2,017 17 3
Expenses of management 12 482 10 8
Ditto National Mercantile '
Society ..• ... 8 012 1 2
7 405,369 1.6 0

Total charge 414,790 13 6
••• ••• •••
Balanco of account, 30th June, 1866, as below 899,095 8 0

£1,313,886 1. 6

Examined and approved,
THOMAS A.LLIABLEILNITI Auditors.
8.
HENRY ROSE, f
BAL &NOE SHEET.
Dit.
Interest due to Proprietors ...
... £6,086 3 9
Claims on decease of lives assured and
'''
additions thereto unpaid ... 80,748 911
Cash bonus due to policy-holders
•.• 538 6 1
Sundry accounts ... ••• ••• ... 69,624 911
Value of sums assured ...
*** ..6 5,880,163 14 4
Proprietors' fund ... .£1'78,340 0
Surplus fund, as aboTe 899,095 8 0

1,077,435 8 0

£7,114,596 12 0

CR. ASSETS.
Amount invested in fise.4 mortgages
£1,317,142 13 2
Ditto, ditto, decreasing ditto
Ditto, ditto, reversions ... 182,849 810
477,590 15 11
Ditto, ditto! funded securities •. ... 334,424 2 5
.
Ditto, ditto, temporary securities 50,121 11 6
Current interest on the above invest-

ments •••
Cash and bills ... ••• .• •
Advanced on security of the Company's

31,783 17 10
17,744 10 2

policies ... •••
Agents' balances ... •••
Sundry accounts ... •••
Value of premiums •••
Value of reassurances •••

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

£7,114,596 12 0

Examined and approved,
THOMAS ALL EN)
HENRY ROSE, Auditors.

f ollrohwes :direction of the Comp any is now constituted as
GEORGE RUSSELL,
q Chairman.
Colonel CHARLES IVETHERALL K.C.T., Deputy-
Chairman.

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,
Capt. Louis Symonds Tindal,
R.N.
Robert Wilcoxon, Esq.
Right lion. Sir John Young,
Bart. -

Rue, Esq.
Sir J. Buller East, Bart.,

D.C.L.
Robert A. Gray, Esq.
Wm. Augustus Guy, M.D.
Chas. Thos. Holcombe, Esq.
Rickard Ilium= J.4loYcil Esq.