B.—l [PT. IV, Sup.] .

GOVERNMENT LIFE INSURANCE DEPARTMENT. Revenue Account of the Government Life Insurance Department for the Year ended 31st December, 1924. £ 8. d. £ s. d. Amount of Funds at Ist January, 1924 6,222,484 13 0 Death claims under assurance policies, Renewal premiums — Assurance, An- including bonus additions .. 185,495 12 0 nuity, and Endowment .. .. 458,943 11 4 Endowment Assurances matured, inNew premiums (including instalments eluding bonus additions .. .. 222,962 8 6 of first year's premiums falling due Endowments matured .. .. 6,396 11 0 in the year) .. .. .. 49,481 310 Premiums returned on endowments .. 281 11 1 Single premiums—Assurance and En- Bonuses surrendered for cash .. 10,337 18 1 dowment .. .. .. 2,955 7 6 Annuities .. .. .. 20,886 410 Consideration for Annuities .. 11,360 11 8 Surrenders .. .. .. 35,677 2 2 Interest and Rent .. £343,216 14 2 Loans released by surrender .. 49,883 2 9 Less land and income Commission, new* .. £33,274 13 2 tax, £8,504 12s. ; „ renewal 3,242 13 4 property expenses, — — 36,517 6 6 £2,861 lis. Id. 11,366 3 1 Contribution to Superannuation Fund 1,200 18 4 331,850 11 1 Expenses of management-— Salaries— £ s. d. Bead Office .. 20,885 9 6 Blanch offices and agents .. 12,044 16 4 Extra clerical assistance .. .. 1,156 12 5 Medical fees and expenses .. .. 5,777 3 9 Travelling-expenses 1,340 8 4 Advertising .. 323 15 5 Printing and stationery 2,473 16 8 Rent .. .. 5,511 11 7 Postage and telegrams 1,600 12 8 Exchange .. 45 16 5 General expenses .. 3,739 15 5 Triennial expenses .. 3,878 19 1 58,778 17 7 Amount of funds, 31st December, 1924 6,448,658 5 7 £7,077,075 18 5 £7,077,075 18 5 * Including agenta' allowances.

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