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STATE FIRE INSURANCE OFFICE. Revenue Account for the Year ended 31st December, 1921. ' £ s. d. £ s. d. Premiums after deduction of reinsurances .. 1.36,428 12 4 Losses by fire (after deduction of reinsurances) 38,125 13 5 Other receipts—lnterest, commission, and rent 13,644 0 1 Appropriated to reserve for unearned premiums (in addition to £49,815 4s. lOd. already reserved) .. .. .. 4,756 4 2 Government taxes .. .. .. 24,473 10 0 Commission .. .. .. .. 9,379 14 2 Salaries .. .. .. .. 20,699 2 0 Contributions to Fire Boards under the Fire Brigades Act, 1908 .. .. .. 3,212 10 3! Expenses of management— £ s. d. Travelling-expenses .. 2,387 0 10 Printing, stationery, and advertising .. .. 1,873 9 6 Rent .. .. .. 1,216 10 2 Exchange .. .. .131 31 10 Postages, telegrams, cablegrams, and sundry charges 2,800 .16 8 8.409 1 0 Investments Fluctuation Reserve Fund .. 1,000 0 0 Office premises and equipment written off .. 692 6 1 Amount of Fire Insurance funds at end of year 39,324 11 4 £150,072 12 5 £150,072 12 6 Balance-sheet on the 31st December, 1921. Liabilities. Assets. £ s. d. £ s. d. £ s. d. i Government war-loan securities .. - .. 138,3524 12 0 Capital authorized by the Other Government securities .. .. 57,050 0 0 State Fire Insurance Act, Local-authority securities .. .. 4,800 0 0 1908 .. .. .. 100,000 0 0 Fixed deposits and at short, call .. .. 20,000 0 0 Less not raised .. .. 100,000 0 0 Mortgages on property .. .. .. 2,970 10 0 Nil. £ s. (I. Reserve Fund .. .. .. .. 257,242 2 3 Land and buildings .. 116,916 8 7 Investments Fluctuation Reserve Fund .. 10,000 0 0 Less mortgages taken over Reserve for unearned premiums .. .. 54,571 9 0 on Office premises purPremiums and other deposits .. .. 649 18 2 | chased .. .. 6,225 0 0 Outstanding fire losses .. .. .. 2,565 0 0 110,691 8 7 Government taxes .. .. .. 24,261 7 1 i Office equipment .. .. .. 1,019 9 3 Interest accrued but not due on mortgages .. 64 3 3 I Outstanding premiums .. .. '.. 8,186 12 0 Other amounts owing by the Office— Interest accrued but not due .. .. 2,462 6 0 Reinsurance premiums due 14,274 10 11 Cash in bank of New Zealand Commission .. .. 1,659 18 9 at Wellington, or in transit £ s. d. Rent .. .. .. 19 10 10 to Wellington .. .. 59,205 8 6 Printing, stationery, and Imprest Account balances— advertising .. .. 41 8 6 £ s. d. Postages and sundry charges 627 9 4 Head Office .. 3 811 . 16,622 18 4 Auckland .. 7 7 1 Fire Insurance funds, as per Revenue Account 39,324 11 4 Christchurcli .. 307 5 6 Dunedin . . 155 5 0 Palmerston N. 38 9 5 New Plymouth 79 7 2 591 3 1 59,796 11 7 £405,301 9 5 £405,301 9 5 0. 11. C. ROBLESON. 14th February, 1922. General Manager. I hereby certify that the Revenue Account and balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.- G. F. C. Campbell, Controller and Auditor-General.