The Sun.
London, England, 1868-11-19 00:00:00

400,777 9 5

Total charge ~... £409,654 14 5
Balance of account, 30th June, 1868 907,552 8 6

£1,317,207 2 11
Examined and approved.
THOMAS ALLEN,} Auditors.
HENRY ROSE, •
The total income of the year, it will be seen, is £544,466
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 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 £16,070
13s. 3d., derived from various extraneous sources, be in-
eluded, at upwards of £5 12s. per cent.
The premiums on new assurances are £14,596 ls. 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 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 preininms 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 5
per rent. on the total income.
The balance-sheet is as follows :
Dn. LIABILITIES.
Interest due to proprietors
Claims on decease of lives assured, and
additions thereto unpaid
Sundry accounts
Liability under sums assured, &c. (1867) 6,369,16 P 11 7
Proprietors' fund
Surplus fund as before 907,552 8 6

Total £7,563,198 1 3

CR. ASSETS.
Amount invested in fixed mortgages £1,460,772 2 7
Ditto ditto decreasing ditto
Ditto ditto reversions 347,136 5 5
Ditto ditto funded securities
Ditto ditto temporary securities
Current interest on the above invest-
ments
Cash and bills 22,604 2 9
Advanced on security of the company's
policies 159,503 14 9
Agents' balances
Sundry accounts
Value of premiums (1867)
Value of re-assurances 86,860 13 9

Total £7,565,198 1 3
Examined and approved.
THOMAS ALLEN,}
Auditors.
HENRY ROSE,
The 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 inure 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.8., Chair-
man.
WILLIAM FREDERICK DE LA RUE, Esq., Deputy-
Chairman.
Charles Bischoff, Esq. I Chas. Thos. Holcombe, Esq.
Thomas Boddington, Esq. Joshua Lockwood, Esq.
Charles Chatfield, Esq. James Murray ' Esq.
Sir J. Buller East, Bart., Philip Rose, Esq.
D.C.L. George Russell, Esq.
Robert A. Gray, Esq. Thos. Godfrey Sambrooke,
Wm. Augustus Guy, M.D., I Esq.
F.R.S. I Admiral Tindal.