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Revenue Account of the Government Life Insurance Department pok the Year ended 31st December, 1919. £ s. d. I £ s. d. Amount of Funds at Ist January, 1919 5,191,744 19 5 ; Death claims under polioies, Assurance, Renewal premiums — Assurance, An- inclueling bonus additions .. .. 195,340 18 11 nuity, and Endowment .. .. 354,672 19 8 Endowment Assurances matured, inNew premiums (including instalments oluding bonus additions .. .. 177,737 4 0 of first year's premiums falling due : Endowments matured .. .. 2,365 5 0 in the year) .. .. .. 55,035 14 0 | Premiums returned on endowments .. 434 10 10 Single premiums Assurance and En- Bonuses surrendered for cash .. 3,288 0 7 dowment .. .. .. 1,597 16 6 Annuities .. .. .. .. 19,618 5 7 Consideration for Annuities.. '.. 20,2(55 1 2 Surrenders .. .. .. 22,092 10 7 Interest .. .£276,142 15 4 Loans released by surrender .. .. 29,536 19 1 Less land and in- Commission, new* .. £31,361 2it come tax .. 6,290 19 7 „ renewal 2,976 10 11 269,851 15 9 , 34,337 13 10 Expenses of management— Salaries— Head Office ..£20,394 14 4 Branoh offioes and agents .. .. 9,520 15 11 Extra clerical assistance 5,604 12 2 Medical fees and expenses .. .. 5,917 8 2 Travolling-exponses .. 798 17 1 Advertising .. .. 751 3 10 Printing and stationery 2,688 7 2 Rent .. .. 2,941 0 5 Postage and telegrams 2,083 8 0 Exchange .. .. 69 2 3 General expenses .. 2,343 9 6 Triennial expenses .. 400 0 0 53,512 13 10 Amount of funds, 31st December, 1919 5,354,904 4 9 £5,893,168 7 0 80,893,168 7 v ! Including Agents' allowances, Balance-bhket of the Government Life Insurance Department on 81st December, 1919. Liabilities. Assets. £ s. d. £sd £sd Total Assurance Annuity, and En- Loans on policies .. .. 733,943 i i dowment Funds (as per Revenue Government securities - Account) .. .. 5,354,904 4 9 Consolidated stock .. 625,<)0<) 0 0 Claims admitted, proofs not yet com- Debentures issued yleted 76,115 13 5 under the authority Annuities 359 11 6 of tiro Finance Aot", Commission 2,294 6 7 1918 ~ ~ 10000 0 0 Medical fees . .. .. 420 6 0 New Zealand Inscribed Premium and other deposits.. .. 0,619 12 4 Btook—War Loans 969,900 0 0 Fire-insurance moneys in suspense .. 23 0 0 , j (jyj y O O 0 Sundry accounts owing .. 113 0 7 Municipal Corporation debentures .. ' 1ie',924 2 8 Investment Fluctuat.on Reserve .. 288,825 6 1 County securities .. .. 7,597 511 Harbour Board debentures .. .. 35,800 0 0 Town Board debentures .. .. 26,450 0 0 Road Board debentures .. .. 21,800 0 0 Drainage Board debentures .. .. 2,026 5 5 Landed and bouse property .. .. 133,120 13 8 Landed and house property (leasehold) 1,710 16 0 Mortgages on property .. .. 2,784,531 13 4 Properties acquired by foreclosure .. 574 8 3 Overdue premiums on policies in force .. £7,091 18 1 Outstanding premiums due but not overdue.. 40,656 8 8 17,748 1 9 Overdue interest .. £634 19 1 Outstanding interest due but not overdue.. 8,353 17 1 Interest aoorued but not due .. .. 66,312 5 5 75,301 1 7 Agents' balances .. .. .. 6,554 13 6 Cash in hand and on current account,.. 98,798 14 10 £5,728,681 1 3 £0,728,681 1 3 Government Life Insurance Department, 28th May, L'JW. •I. 11. Richardson, Commissioner. Geo. W. Babltbop, Secretary. Audited and found correct. Robert J. Collins, Controller and Auditor-General.

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