H.—B

Revenue Account of the Government Life Insurance Department for the Year ended 31st December, 1906. £ 8. d. Death claims under policies, Assurance, £ a. d. Amount of Funds at lst January, 1906 3,822,576 15 7 inoluding bonus additions .. .. 124,239 0 4 Renewal premiums — Assurance, An- Endowment Assurances matured, innuity, and Endowment .. .. 297,057 11 4 oluding bonus additions .. .. 64,368 13 10 New premiums (including instalments Endowments matured .. .. 2,329 12 2 of first year's premiums falling due Premiums returned on endowments .. 41 8 7 in the year) .. .. .. 21,793 14 4 Bonuses surrendered for oash .. 12,396 14 9 SiDgle premiums—Assurance and En- Annuities .. .. .. .. 13,918 11 5 dowment .. .. .. 923 18 11 Surrenders .. .. .. 32,809 12 5 Consideration for Annuities .. .. 11,770 12 1 Loans released by surrender.. .. 20,116 7 4 Interest .. .. .. .. 175,511 15 3 Commission, new .. £14,996 13 4 Pees .. .. .. .. 12 16 10 „ renewal 2,333 16 0 17,330 9 4 Land and Inoome Tax .. .. 10,613 9 10 Expenses of management— flfl 1 ftt*i nn Head Offioe .. £12,652 16 0 Branch offices and agents .. .. 6,695 5 11 Extra clerical assistance 1,466 19 0 Medical fees and expenses .. .. 4,420 12 9 Travelling-expenses .. 552 14 3 Advertising.. .. 1,571 11 1 Printing and stationery 1,554 19 6 Rent .. .. 2,485 0 0 Postage .. .. 1,494 15 3 Telegrams .. .. 407 9 8 Exchange .. .. 86 13 1 Office-furniture depreciation .. .. 270 9 3 General expenses .. 3,483 10 2 Triennial expenses .. 2,188 16 9 Compensation for loss of offioe .. .. 552 16 9 39,884 9 5 Amount of Funds, 31st December, 1906 3,991,598 14 11 £4,329,647 4 4 £4,329,647 4 4 Balance-sheet of the Government Life Insurance Department on 31st December, 1906. Liabilities. Assets. m. , , £ s. d. £ s. d. £ s. d. Total Assurance, Annuity, and En- Loans on policies .. .. .. 694,847 1 6 dowment Funds (as per Revenue Government securities— Aocount) .. .. .. 3,991,598 14 11 Consolidated stock .. 625,900 0 0 Claims admitted, proofs not yet com- Railway debentures pleted .. .. .. .. 30,285 1 8 (guaranteed by GoAnnuities .. .. .. .. 99 3 2 vernment) .. 40,000 0 0 Commission .. .. .. 176 3 2 Debentures issued Medical fees .. .. .. 345 9 0 under " The ImmiPremium and other deposits.. .. 5,268 11 3 gration and Public Fire-insurance moneys in suspense .. 5,001 1 0 Works Act, 1870" 2,080 0 0 Tontine Savings Fund No. 2 .. 11,345 15 4 667 980 0 0 Investment Fluctuation Reserve .. 63,808 19 11 Municipal Corporation debentures .. 121 3 3 County securities .. .. .. 516 3 6 Harbour Board debentures .. .. 39,000 0 0 Town Board debentures .. .. 2,200 0 0 Landed and house property .. .. 122,436 4 11 Office furniture (Head Office and agencies) .. .. .. 2,434 3 6 Mortgages on property .. .. 2,171,236 18 4 Properties acquired by foreclosure .. Nil. Overdue premiums on policies in force .. 6,054 17 1 Outstanding premiums due but not overdue.. 38,770 0 4 44,824 17 5 Overdue interest .. 381 15 5 Outstanding interest due but riot overdue.. 5,966 11 11 Interest aoorued but not due .. .. 47,667 11 5 54,015 18 9 Agents' balanoes .. .. .. 2,896 411 Sundry aocounts owing .. .. 711 19 3 Cash in hand and on current aocount.. 183,101 9 1 £4,107,928 19 5 £4,107^92819~5 Government Life Insurance Department, 14th March, 1907. J. H. Richardson, ~ , , , n Commissioner. Audited and found correct. „ 7 -,-, TT W. B. Hudson, J. K. Warburton, Secretary. Controller and Auditor-General.

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