H.—B

11

FOURTH SCHEDULE.

CONSOLIDATED REVENUE ACCOUNT OF THE GOVERNMENT INSURANCE DEPARTMENT, Fob the Period commencing Ist January, 1912, and ending 31st December, 1914 £ s - <!■■• £ s. d. £ s. d. Amount of Funds on est January, 1912 .. 4,699,969 11 9 Death Claims under Policies, Renewal Premiums .. .. .. 986,252 19 9j Assurances, including Bonus New Premiums .. .. .. .. 83,227 9 31 Additions .. .. 485,299 16 o Single Premiums .. ... .. 6,461 t6 2 Endowment Assurances maConsideration for Annuities granted .. 39,264 9 5 tured, including Bonus AdInterest .. .. .. .. 700,917 16 n ditions .. .. .. 426,594 17 10 Fees .. .. .. .. .. 21 16 10 Endowments matured .. 7,259 12 o Premiums returned on Endowments .. .. .. 388 13 5 Bonuses surrendered for Cash 18,693 l 5 ll Annuities .. .. .. 53,268 11 9 Surrenders, Ordinary .. 62,111 7 10 Loans released by Surrender.. 104,613 1 2 1,158,229 15 11 Commission, New* .. .. 64,199 14 7 Renewal .. 7,844 18 o 72,044 12 7 Land and Income Tax .. .. 46,947 7 9 Expenses of Management— Salaries, Head Office .. 53,709 6 7 Branch Offices and Agents.. .. 23,480 6 3 Extra Clerical Assistance .. 493 6 3 Medical Fees .. .. 15,310 3 6 Travelling-expenses .. 2,686 16 6 Advertising .. .. 2,844 8 4 Printing and Stationery .. 4,546 10 1 Rent .. .. .. 8,414 10 6 Postage and Telegrams .. 4,912 410 Exchange .. .. 238 1 5 Office Furniture Depreciation 811 79 General Expenses .. 7,179 15 9 Triennial Expenses .. 3,785 11 11 Compensation for loss of Office 1,139 15 2 129,552 4 10 Investment Reserve Fund .. .. 75,458 o o Amount of Funds on 31st December, 1914 .. .. .. .. 5,033>883 19 ° £6,516,116 o 1 £6,516,116 o 1 * Including Agents' allowances. VALUATION BALANCE-SHEET of thh; GOVERNMENT INSURANCE DEPARTMENT, As at 31st December, 1914, Dr. £ S. d.\ Cv. £ s. d. To Net value of Liabilities (as per Valuation i By Accumulated Funds (as per Consolidated Summary) .. .. .. ■• 4,811,819 o o Revenue Account) .. .. .. 5,033,883 19 o To Surplus .. .. .. .. 222,064 19 o £5,033,883 19 o £5.033.883 19 0