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B.—l [Pt. IV

STATE FIRE INSURANCE OFFICE. Revenue Account of the State Fire Insurance Office for the Year ended 31st December, 1922. £ s. d. £ s. d. Premiums after deduction of reinsurances 142,591 16 8 Losses by flre (after deduction of reinsurOther receipts: Interest, commission, and ances) .. .. .. .. 46,090 15 2 ront .. .. .. .. 13,884 311 Appropriated to reserve for unearned premiums (in addition to £54,571 9s. already reserved) .. .. .. 2,465 5 8 Government taxes .. .. 20,369 9 4 Commission.. .. .. .. 9,767 5 5 Salaries .. .. .. .. 19,659 310 Contributions to Fire Boards under the Fire Brigades Act, 1908 .. .. 3,368 9 7 Expenses of management —• £ s. d. Travelling-expenses .. 1,544 3 3 Printing, stationery, and advertising.. .. 1,761 9 0 Rent .. .. 1,362 18 11 Exchange .. .. 70 10 6 Postages, telegrams, cablegrams, and sundry charges .. 2,672 5 8 ■ 7,411 7 4 Offices premises and equipment written off 941 4 6 Amount of fire-insurance funds at end of year .. .. .. .. 46,402 19 9 £156,476 0 7 £156,476 0 7 Balance-sheet of the State Fire Insurance Office on the 31st December, 1922. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Government war-loan securities .. 138,324 12 0 Capital authorized by the Other Government securities .. .. 55,550 0 0 State Fire Insurance Local-authority securities .. .. 4,800 0 0 Act, 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 .. .. 2,628 10 0 Nil. £ s. d. Reserve Fund .. .. ..296,566 13 7 Land and buildings .. 138,465 1111 Investments Fluotuation Reserve Fund.. 10,000 0 0 Less mortgages taken Reserve for unearned premiums .. 57,036 14 8 over on Office prePromiums and other deposits .. .. 906 3 4 mises purchased .. 2,475 0 0 Outstanding fire losses .. .. 2,484 0 0 135,990 1111 Government taxes .. .. .. 20,309 9 4 Office equipment .. .. .. 1,107 8 1 Interest accruod but not due on mortgages 7 9.2 Outstanding premiums .. .. 7,736 3 4 Other amounts owing by the Offioe —• Interest accrued but not due .. .. 2,454 18 10 Reinsurance premiums £ s. d. Ront accrued or due .. .. .. 112 19 10 due .. .. 11,590 2 4 Cash in Bank of New ZeaCommission .. .. 1,580 II 10 land at Wellington, or in £ s. d. Rent .. .. 18 11 4 transit to Wellington .. 77,920 17 7 Printing, stationery, and Imprest Acoount advertising .. 39 7 5 Balances— £ s. d. Postages and sundry Head Office 535 3 I charges .. .. 597 5 3 Auckland .. 139 1 3 13,83118 2 Hamilton.. 10 8 11 Fire - insurance funds, as per Revenue New PlyAccount .. .. .. .. 46,402 19 9 mouth .. 94 1 9 Palmerston North .. 34 6 1 Christchurch 47 9 9 Dunedin .. 29 10 0 Invercargill 89 5 7 979 0 5 78,900 4 0 £447,605 8 0 £447,605 8 0 J. H. Richardson, 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.