H.—9

34

CONSULTING ACTUARIES' REPORT. u.i.../jn.»i«,.t Number Amounts assured, and Annual Premiums jNatuieot contract, of .Contracts. Bonuses. now payable. £ s. d. £ s. d. Assurances: Sums payable at death; premiums pay- 16,226 4,915,001 6 0 129,343 C 1 able for life Assurances: Sums payable at death; premiums pay- 918 439,522 8 2 8,180 7 11 able for fixed terms Endowment Assurances : Premiums payable during 10,211 2,404,244 16 0 85,733 10 11 term of contract Endowment Assurances: Special cases .. .. 81 9,564 11 0 I 10 2 3 Special and Industrial Assurances .. .. .. 244 31,351 19 0 1,183 10 3 Investment Policies .. .. .. .. .. 320 8,107 210 ; 386 18 0 28,000 7,807,792 3 0 j 224,837 15 5 Annuities, including those deferred .. .. .. 102 5,668 14 5* 10 16 0 * Per annum. 4. It will be observed from the above statement, that the great majority (941 percent.) of the risks are of two classes —namely, (1) assurances of sums payable at death, subject to premiums- during life ; and (2) endowment assurances, subject to premiums during the terms of the contracts : these two groups comprising no less than 26,437 policies. The data supplied are in such detail, and have been so carefully compiled, that we have been able to make a minute analysis of the business of these classes, and to ascertain the number and amounts of the contracts effected in each year since the origin of the Department, and which remain in force ; distinguishing those which belong respectively to the General and to the Temperance Sections, those under the Tontine scheme, and those taking the ordinary bonus; those on female lives; and, lastly, those subject to annual, half-yearly, quarterly, and monthly premiums respectively. It may be useful from the point of view of the social condition of the colony to have the means of making an investigation of these matters, and we have therefore, at considerable pains, prepared the eight tables, lettered from B to I, which are given in the Appendix, and which we hope may be of interest and value. 5. The following Consolidated Revenue Account gives the income and the outgo for the quinquennium : — CONSOLIDATED REVENUE ACCOUNT For the Five Years ending 31st December, 1890. Income. £ s. d. Fund, Ist January, 1886 .. .. .. 1,102,034 1111 Transferred from Industrial Branch .. .. 23 18 1 Premiums .. .. .. .. .. 1,024,505 4 1 Annuity purchase-money .. .. .. 24,381 4 8 ; Interest .. .. .. .. .. 369,188 8 1 Fees .. .. .. .. .. 236 5 0 £2,520,369 11 10 j Outgo. | £ s. d. Claims .. .. .. .. .. 352,714 11 9 Surrenders .. .. .. .. .. 124,806 1 5 Bonuses surrendered .. .. .. .. 35,037 3 6 Annuities .. .. .. .. .. 20,376 13 11 Property-tax .. .. .. .. .. 26,111 3 8 Commission .. .. .. .. .. 52,811 0 10 Expenses .. .. .. .. .. 167,092 3 7 Losses on investments .. .. .. 1,227 7 5 Investment Reserve Fund .. .. .. 25,000 0 0 Fund, 31st December, 1890 .. .. .. 1,715,193 5 9 £2,520,369 11 10