H.—B,

3

Revenue Account of the Government Life Insurance Department for the Year ended 31st December, 1907.

£ s. d. Death claims under policies, Asauranoe, £ a. d. Amount of Funds at 1st January, 1907 3,991,598 14 11 including bonus additions .. .. 135,671 9 0 Renewal premiums — Assurance, An- Endowment Assurances matured, innuity, and Endowment .. .. 303,791 16 2 eluding bonus additions .. .. 104,191 Oil New premiums (including instalments Endowments matured .. ,. 1,269 19 4 of first year's premiums falling due ! Premiums returned on endowments .. 12 17 4 in the year) .. .. .. 21,765 17 11 ! Bonuses surrendered for oash .. 2,232 1 9 Single premiums—Assurance and En- Annuities .. .. .. .. 14,402 10 2 dowment .. .. .. 345 5 9 Surrenders .. .. .. 25,770 8 7 Consideration for Annuities .. .. 17,179 7 5 Loans released by surrender.. .. 20,679 16 6 Interest .. .. .. .. 183,617 12 1 Commission, new .. £14,883 9 7 Peee .. .. .. .. 13 6 5 . renewal 2,355 8 11 17,238 18 6 Land and Inoome Tax .. .. 11,078 19 9 Expenses of management— Salaries— Head Offioe .. £13,177 2 9 Branoh offices and agents .. .. 7,161 11 5 Extra olerical assistance 1,517 9 9 Medical fees and expenses .. .. 4,525 2 3 Travelling-expenses .. 891 17 4 Advertising.. .. 1,400 18 4 Printing and stationery 1,266 16 5 Rent .. .. 2,519 16 4 Postage and telegrams 1,405 9 3 Exchange .. .. 93 6 10 Office-furniture depreciation .. .. 200 9 3 General expenses .. 3,215 11 3 Triennial expenses .. 579 2 6 Compensation for loss of office .. .. 497 9 8 38,352 3 4 Amount of Funds, 31st December, 1907 4,147,411 9 6 £4,518,812 0 8 £4,518,312 0 8

Balance-sheet of the Government Life Insurance Department on 31st December, 1907.

Liabilities. Assets. £ s. d. £ s. d. £ e. d. Total Assurance, Annuity, and En- Loans on policies .. .. 697,054 3 4 dowment Funds (as per Revenue Goverument securities— Account) .. .. .. 4,147,411 9 6 Consolidated stock .. 625,900 0 0 Claims admitted, proofs not yet com- Railway debentures pleted .. .. .. .. 19,677 2 11 (guaranteed by GoAnnuities .. .. .. .. 223 14 2 vernment) .. 40,000 0 0 Commission .. .. .. 37 15 11 Debentures issued Medical fees .. .. .. 420 0 0 under " The ImmlPremium and other deposits.. .. 6,108 12 6 gration and Public Fire-insurance moneys in suspense .. 564 0 0 Works Act, 1870" 2,096 1 1 Tontine Savings Fund No. 2 .. 13,169 17 0 667,996 1 1 Investment Fluctuation Reserve .. 63,808 19 11 Municipal Corporation debentures .. 135,163 8 6 County securities .. .. .. 440 7 9 Harbour Board debentures .. .. 39,000 0 0 I Town Board debentures .. .. 2,200 0 0 I Landed and house property .. .. 122,436 1 11 Office furniture (Head Office and agencies) .. .. .. 2,163 14 3 Mortgagee on property .. .. 2,388,020 12 11 Properties acquired by foreclosure .. ryli 17 1 Overdue premiums on policies in force .. 5,503 8 5 Outstanding premiums due but not overdue.. 37,829 5 0 43,332 18 5 Overdue interest .. 532 14 4 Outstanding interest due but not overdue.. 6,117 16 6 Interest accrued but not due .. .. 48,741 0 4 55,391 11 2 Agents'balances .. .. .. 2,429 10 2 Sundry aocounts owing .. .. 624 9 8 Cash in hand and on current account.. 94,643 17 8 £4,251,421 11 11 £4,251,421 11 11 Government Life Insurance Department, 28th February, 1908. J. H. Richardson, Commissioner. W. B. Hudson, Secretary. Audited and found correct. J. K. Wabbukton, Controller and Auditor-General.