B.—l [PT. IY, Sup.] .

STATE FIRE INSURANCE OFFICE. Revenue Account of the State Fire Insurance Office for the Year ended 31st December, 1924. £ s. d. £ s. d. Premiums after deduction of reinsurances 165,070 1 5 Bonus rebate to policyholders .. .. 22,005 5 3 Other receipts—lnterest, commission, and # Losses by fire (after deduction of reinsurrent .. .. .. 25,229 19 2 ances) .. .. .. .. 60,817 6 11 Appropriated to reserve for unearned premiums (in addition to £61,665 16s. 9d. already reserved) .. .. .. 4,362 3 9 Government taxes .. .. .. 14,329 19 1 Commission.. .. .. .. 8,240 6 2 Salaries .. .. .. .. 20,647 2 8 Contribution to Public Service Superannuation Fund .. .. .. 518 18 8 Contributions to Fire Boards under the .Fire Brigades Act, 1908 .. .. 4,030 8 9 Agents' defalcations .. .. .. 179 5 8 Expenses of management — £ s. d. Travelling-expenses .. 1,642 0 7 Printing, stationery, and advertising.. .. 1,958 0 2 Bent .. .. 2,321 0 4 Exchange .. .. 34 7 3 Postages, telegrams, cablegrams, and sundry charges .. 3,059 19 2 9,015 7 6 Office equipment .. .. .. 2,767 18 1 Office premises—depreciation .. .. 3,254 10 9 150,168 13 3 Beinsurance Beserve Fund .. .. 5,000 0 0 Office premises—Written off .. .. 4,000 0 0 Amount of fire-insurance funds at end of year .. .. .. .. 31,131 7 4 £190,300 0 7 £190,300 0 7 Balance-sheet of the State Fire Insurance Office on the 31st December, 1924. Liabilities. Assets, £ s. d. £ s. d. £ s. d. Government war-loan securities .. 148,470 17 0 Capital authorized by the Other Government securities .. 65,550 0 0 State Eire Insurance Local-authority securities .. .. 5,700 0 0 Act, 1908 .. .. 100,000 0 0 Eixed deposits and at short call .. 30,000 0 0 Less not raised .. 100,000 0 0 £ s. d. Nil. Land and buildings .. 225,800 2 1 Beserve Fund .. .. .. 381,847 3 11 Less mortgages taken Investments Fluctuation Beserve Fund.. 10,000 0 0 over on Office preBeserve for unearned premiums .. 66,028 0 6 mises purchased .. 7,000 0 0 Beinsurance Beserve Fund .. .. 10,000 0 0 218,800 2 1 Premiums and other deposits .. .. 1,068 10 0 Outstanding premiums .. .. 6,981 16 0 Outstanding fire losses .. .. 3,467 0 0 Interest accrued but not due .. .. 2,493 8 2 Government taxes .. .. .. 14,329 19 1 Bent accrued or due .. .. .. 150 2 5 Sundry creditors .. .. .. 252 15 8 Cash in Bank of New ZeaOther amounts owing by the Office — land at Wellington, or in £ s. d. Beinsurance premiums £ s. d. transit to Wellington .. 51,803 6 0 due .. .. 9,645 11 6 Imprest Account Commission .. .. 1,614 3 5 balances — £ s. d. Bent .. .. ■ • 34 6 9 Head Office 41 11 0 Printing, stationery, and Auckland .. 68 9 5 advertising .. .. 17 4 10 Hamilton .. 20 4 9 Postages and sundry N. Plymouth 37 0 3 charges .. .. 847 1 4 Palmerston N. 0 2 2 12,158 7 10 Christchurch 15 15 10 Fire-insurance funds, as per Bevenue Ac- Dunedin .. 60 6 6 count .. • • ■ ■ 31,131 7 4 Invercargill 87 14 2 Napier ..287 333 12 8 52,136 18 8 £530,283 4 4 £530,283 4 4 Ist April, 1925. J. H. Jerram, General Manager. C. B. Redward, Accountant. I hereby certify that the Revenue Account and balance-sheet have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby. —G. F. C. Campbell, Controller and Auditor-General.

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