5

H.—Bd

FOURTH SCHEDULE.

CONSOLIDATED REVENUE ACCOUNT OF THE GOVERNMENT INSURANCE DEPARTMENT, For the Period commencing 1st January, 1906, and ending 31st December, 1908.

VALUATION BALANCE-SHEET OF THE GOVERNMENT INSURANCE DEPARTMENT. As at 31st December, 1908.

Amount of Funds on ist January, 1906 Renewal Premiums New Premiums Single Premiums Consideration for Annuities granted Interest Fees £ s. d. £ s. d. £ s. d. 3,822,576 15 7 Death Claims under Policies, 905,697 16 6 Assurances, including Bonus 66,160 7 2 Additions .. .. 392,338 2 4 4,625 13 7 , Endowment Assurances ma38,705 8 3 tured, including Bonus Ad552,998 18 7 : ditions .. .. .. 266,488 12 9 36 o 11 Endowments matured 7,499 II 6 Premiums returned on Endowments .. .. .. 119 11 3 Bonuses surrendered for Cash 16,668 11 4 Annuities .. .. .. 43,440 4 9 Surrenders—Ordinary .. 92,507 10 8 ,, Civil Service policies relinquished in terms of Section 14 of "The Public Service Superannuation Act, 1907" .. .. .. 25,234 3 o Loans released by Surrender.. 58,917 8 9 903,213 16 4 Commission, New* .. ,. 45,259 1 2 Renewal .. 7,047 18 2 52,306 19 4 Land and Income Tax .. .. 33,676 11 7 Expenses of Management— Salaries, Head Office .. 41,631 17 11 Branch Offices and Agents .. .. 20,799 16 4 Extra Clerical Assistance .. 3,287 11 9 Medical Fees .. .. 13,395 3 10 Travelling Expenses .. 2,112 15 4 Advertising .. .. 3,895 4 2 Printing and Stationery .. 3,935 II o Rent .. .. .. 7,666 7 3 Postage and Telegrams .. 4,725 18 4 Exchange ... .. 266 1 3 Office Furniture Depreciation 741 79 General Expenses .. 9,667 6 11 Triennial Expenses .. 3,743 5 u Compensation for loss of Office .. .. .. 1,050 6 5 116,918 14 2 Investment Reserve Fund .. .. 20,000 o o Amount of Funds on 31st December, 1908 .. .. .. .. 4,264,684 19 2 £5,390,801 o 7 £5, 390,80J o 7 * Including Agents' allowances.

Dr. To Net value of Liabilities (as per Valuation Summary) To Surplus £ s. d. Cr. £ s. d. By Accumulated Funds (as per Consolidated 4,015,489 o o Revenue Account) .. .. .. 4,264,684 19 2 249,195 19 2 £4 ,'264,684 19 2 £4,264,684 19 2 £4.264,684 19 2