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EAGLE INSURANCE COMPANY. THE ANNUAL GENERAL, MEETING of the PROPRIETORS in this COMPANY was held at Xadley's Hotel, Bridge-street, Blackfriars, on Friday last,
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Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.
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Mr . RALPH CHARLES PRICE , the Chairman of the Company , iu the Chair . The notice convening the . meeting having been read , The Chairman said that it was with great pleasure to his co-directors and himself that they saw so many of their friends assembled to receive from them a Report of theproceedings of the past year and some account of their stewardship . He hoped and believed that that report would be considered satisfactory , and that the accounts wonld be found to have been prepared in such a manner as to bo perfectly intelligible to them all . The report would inform them that the new business had increased to a very considerable extent—a result which had no doubt arisen in some decree from the amalgamations which , after mature deliberation , the Directors had felt themselves justified in recommending , and the ProDrietors in authorising , and the results of which proved that the Directors were right in the recommendation they had made . ( Hear , hear . ) During these times of competition between Life Insurance Offices it was necessary to have an infusion of fresh energy by the introduction of new lives . That , however , was not so easily effected in the ordinary way . although this Company had obtained its share . It might , however , be carried to a greater extent by means of amalgamations , and acting upon the sanction which the Proprietors had given them , the Directors would do their utmost for the purpose of acconir pushing that object wherever it could be done with safety and advantage , lie might mention that since their last meeting the junction with the Albion had been carried out ; that that operation had been successful ; that the accounts of both offices had been scrutinized with the greatest possible minuteness ; and that the results had been satisfactory in every respect . In conclusion , he might observe that if every gentleman in the room would bring out one insurance in the year the next Report would be even more encouraging than the present . He would now call upon the Secretary to read the Report ; after which he should be happy to answer the inquiries of any gentleman who wanted information upon tlm subject of it . The Actuary then read the Report , which was as follows : "Another year has elapsed , and the Directors have to make their usual report to the Proprietors . As on former occasions , they will first beg the attention of the Proprietors to the Surplus Fund Account , which serves , as they are no doubt aware , to exhibit the chief occurrences of the year , the balance-sheet hereafter to bo referred to indicating the condition of the Company at the end of it . " The first-mentioned document is as follows : — SURPLUS FUND ACCOIJNT . Income of tub Year en mng ^ J une 30 , 1859 . Balance of Account , Juno 30 , £ a . d . £ s . d . 1858 482 , 870 7 7 Ditto , Albion Insurance Co .. 128 , 520 0 10 011 , 405 8 5 Premiums on now assurances 24 , 120 Vi 7 Ditto on removed ...:.... - ..... 257 , 709 1 <) : ) 281 , 800 ii 10 Interest from Investments ... 7 U . 050 It ) 1 301 , 511 2 2 . &V 7 'i , 9 lO 10 7 ClIAnOE OF THE YEAH . ' £ h . d . Dividend to Proprietors .. ' . WiM 7 0 Claims on Duocnae of Lives Assured 220 . 1 N 7 H a Additions thereto 18 , 350 17 H Policies surrendered 12 , 075 13 0 Roasaurancea , now ..... 5 , 303 t > ' -i Ditto , old 85 , 021 M 7 £ 28 l . <» 73 17 10 Commission 0 .-J 47 4 0 Modioall-Y-cB ttl 2 17 0 Income Tux 1 , 077 8 0 KxpcnsesofManagement .,.. » , l » 82 18 7 3 Q , V » 4 ft 11 fa . , 051 > , 01 U 17 « , » ;—Balance of Account , Juno 30 , 1850 , » 8 below £ 072 , 1 MO 10 7 " Kxaminod and found to bo oorroot . ( yignod ) Thomas Au-bn , > Auditors " Wijumam Hbnhy smith . j Auultor 8 - " The proprietors will romombor that tlio Juhotion of tho Albion with tho Eagle was completed at tho commoncoznontofthe past year , nnd it will bo ucon that out of tho naBots transferred by that company tho sum of X 188 , 6 ' ^« Oa , tod , was contributed to tho surplus fund , "The income from premiums on now assurances is xii , Vtp 12 s . 7 d . A portion of tho risk under those , howover , it has buon necessary to ro-lneuro , and . tho amount pMa on this acoro will bo soon on tho credit eldo of the account .
Eagle Insurance Company. The Annual General, Meeting Of The Proprietors In This Company Was Held At Xadley's Hotel, Bridge-Street, Blackfriars, On Friday Last,
EAGLE INSURANCE COMPANY . THE ANNUAL GENERAL , MEETING of the PROPRIETORS in this COMPANY was held at Xadley ' s Hotel , Bridge-street , Blackfriars , on Friday last ,
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( PV 7 / Z ^^ z ^ Y A ^^ v- -v ? POLITICAL , LITERARY , COMMERCIAL AND FAMILY WEEKLY NEWSPAPER , ¦ ' ' ' ¦ : and . RECORD 01 JOINT STOCK COMPANIES , BANKS , RAILWAYS , MINES , SHIPPING , fee .
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VOL . X . No . 491 ] SATURDAY , AUGUST 20 , 1859 . Price [ 1 £ ESg ?™ :: ggSR * * urrendered £ 12000
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Citation
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Leader (1850-1860), Aug. 20, 1859, page unpag., in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/vm2-ncseproduct2308/page/1/
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