27

B.—l [Pt. Ill].

STATE FIRE INSURANCE OFFICE. Balance-sheet on the 31st December, 1920. Liabilities. . Assets. £ s. d. Capital authorized by the £ s. d. £ s. d. Government war-loan securities .. 138,324 12 0 State Fire Insurance / Other Government securities .. .. 57,050 0 0 Act, 1908 .. .. 100,000 0 0 Local-authority securities .. .. 2,500 0 0 Less not raised .. 100,000 0 0 Fixed deposits and at short call .. 35,000 0 0 Nil. Mortgages on property .. .. 3,114 0 0 Reserve Fund .. .. .. 202,032 0 4 Freehold land and build- £ s. d. Reserve for bonus to policyholders .. 8,000 0 0 ings .. .. 67,969 7 1 Investments Fluctuation Reserve Fund .. 9,000 0 0 Less mortgages taken Reserve for unearned premiums .. 49,815 410 over on office prePremiums and, other deposits .. .. 885 11 7 mises purchased .. 6,225 0 0 Outstanding fire losses .. .. 440 0 0 61,744 7 1 Government taxes .. .. .. 17,516 1 0 Office equipment .. .. .. 1,069 10 0 Interest accrued but not due on mortgages 64 3 3 Outstanding premiums .. .. 8,277 16 9 Other amounts owing by the Office — Interest accrued but not due .. .. 2,485 110 Reinsurance premiums £ s. d. Rent accrued or due ... .. .. 16152 due .. .. 11,046 5 7 Cash in Bank of New ZcaCommission .. .. 1,746 12 10 land at Wellington, or in £ s. d. Rent .. .. 255 9 7 transit to Wellington .. 38,089 0 7 Printing, stationery, and Imprest Account balances— advertising 49 8 0 £ s. d. Postages and sundry Head Office 262 17 9 charges .. .. 329 4 10 Auckland .. 246 17 2 13,427 0 10 Christchurch 82 1 11 Fire-insurance funds, as per Revenue Dunedin .. 39 19 4 Account' .. .. .. .. 47,210 1 11 Palmerston North .. 23 14 3 New Plymouth .. 63 3 11 718 14 4 38,808 0 11 £348,390 3 9 £348,390 3 9 21st February, 1921. C. 11. C. Robieson, General Manager. Examined and found correct. —R. J. Collins, Controller and Auditor-General. Revenue Account for the Year ended 31st December, 1920. £ s. d. £ s. d. Premiums after deduction of reinsurances 124,538 2 0 Losses by fire (after deduction of reinsurOther receipts —. ances) .. .. .. .. 21,181 11 4 Interest, commission, £ s. d. Appropriated to reserve for unearned preandrent .. .. 11,10112 2 miums (in addition to £40,305 10s. 4d. Conscience-money .. 30 0 0 already reserved) .. .. .. 9,509 14 0 11,131 12 2 Government taxes .. .. .. 15,567 3 0 Commission.. .. .. .. 9,401 16 0 Salaries and cost-of-living bonus .. 18,708 12 11 Contributions to Fire Boards under the Fire Brigades Act, 1908 .. .. 2,697 1 1 Expenses of management— £ s. d. Travelling-expenses .. 2,101 7 3 Printing, stationery, and advertising .. 1,986 16 5 Rent .. .. 1,193 11 7 Exchange .. .. 29 6 5 Postages, telegrams,cablegrams, and sundry charges .. .. 2,369 4 0 7,740 5 8 Investments Fluctuation Reserve Fund 3,000 0 0 Office premises and equipment written off 653 7 9 Amount of fire-insurance funds at end of year .. .. .. .. 47,210 I 11 £135,669 14 2 £135,669 14 2 21st February, 1921. C. R. C. Robieson, General Manager. Examined and found correct. —R. J. Collins, Controller and Auditor-General.