B.—l [PT. IV, SUP.] .

GOVERNMENT LIFE INSURANCE DEPARTMENT—continued. Balance-sheet of the Government Life Insurance Department on 31st December, 1924. Liabilities. \ Assets. £ s. d. 1 £ s. d. £ s. d. Total Assurance, Annuity, and En- Loans on policies .. .. 890,402 11 5 dowment Eunds (as per Revenue Government securiAccount) .. .. .. 6,448,658 5 7 ties— Claims admitted, proofs not yet com- Consolidated stock 625,900 0 0 pleted .. .. .. 45,629 1 6 Debentures issued Annuities .. .. .. 379 7 6 under the auCommission .. .. .. 1,900 19 5 thority of the FiMedical fees .. .. .. 554 18 6 nance Act, 1915 40,000 0 0 Premium and other deposits .. 5,184 10 11 New Zealand InSundry creditors .. .. .. 6,763 15 2 scribed StockAccident and Fidelity Fund .. 1,570 0 0 War Loans .. 1,201,370 0 0 Investment Fluctuation Reserve' 202,247 I 4 New Zealand Inscribed Stock — FinanceAct,l9l9 50,000 0 0 New Zealand Inscribed Stock —- Discharged Soldiers Settlement Loan .. 110,000 0 0 New Zealand Inscribed Stock issued under the Aid to Public Works and Land Settlement Act, 1921 .. 150,000 0 0 2,177,270 0 0 Municipal Corporation debentures .. 187,742 7 1 County securities .. .. .. 20,551 3 8 Harbour Board debentures .. 32,000 0 0 Town Board debentures .. .. 37,171 1 8 Road Board debentures .. .. 21,800 0 0 Drainage Board debentures .. 1,922 13 10 Power Board debentures .. .. 386,986 4 6 Landed and house property .. 134,563 11 10 Landed and house property (leasehold) 1,539 13 3 Mortgages on property .. .. 2,592,866 17 8 Properties acquired by foreclosure .. 4,747 11 1 Overdue premiums on £ s. d. policies in force .. 7,582 13 10 Outstanding premiums due but not overdue 45,071 5 11 52,653 19 9 Overdue interest .. 7,842 2 2 Outstanding interest due but not overdue 7,082 7 2 Interest accrued but not due .. 83,775 13 1 98,700 2 5 Agents' balances .. .. .. 4,508 9 2 I Sundry debtors .. .. .. 1,763 8 7 I Cash in hand and on current account 65,698 4 0 £6,712,887 19 11 | £6,712,887 19 11 A. T. Traversi, P.1.A., F.C.A.S., Commissioner. G. A. Kennedy, Secretary. Government Life Insurance Department, Bth June, 1925. The Audit Office, having examined the Revenue Account and balance - sheet and compared them with the relative books, documents, and securities, hereby certifies them to be in accordance therewith. —G. F. C. Campbell, Controller and Auditor-General.

s—B. 1 [PT. IV, SUP.] .

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