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Revenue Account op the State Fire Insurance Office for the Year ended 31st December, 1926. £ s. d. £ s. d. Premiums after deduction of reinsurances 197,471 911 Bonus rebate to policyholders .. .. 24,496 19 7 Other receipts—lnterest, commission, and Losses by fire (after deduction of reinsurrent .. .. .. .. 36,074 5 9 ances) .. .. .. .. 79,062 16 10 Appropriated to reserve for unearned premiums (in addition to £70,665 17s. lOd. already reserved) .. .. .. 8,322 14 2 Government taxes .. .. .. 15,073 1 3 Commission .. .. .. 9,923 1 9 Salaries .. .. .. .. 25,418 17 7 Contribution to Public Service Superannuation Fund .. .. .. 546 11 3 Contributions to Fire Boards under the Fire Brigades Act, 1908 .. .. 5,304 0 0 Expenses of management— £ s. d. Travelling-expenses .. 2,191 13 5 Printing, stationery, and advertising.. .. 2,021 16 6 Rent .. .. 2,033 1 0 Exchange . . .. 35 16 0 Postages, telegrams, cablegrams, and sundry charges .. 2,987 14 4 9,270 1 3 Office equipment .. .. .. 1,520 18 10 Office premises—Depreciation .. .. 3,368 15 1 182,307 17 7 Reinsurance Reserve Fund .. .. 5,000 0 0 Office premises—Written off .. .. 4,000 0 0 Bonus Rebate Reserve .. .. 1,500 0 0 Amount of fire-insurance funds at end of year .. .. .. .. 40,737 18 1 £233,545 15 8 £233,545 15 8 Balance-sheet of the State Fire Insurance Office on the 31st December, 1926. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Capital authorized by the Government war-loan securities .. 148,146 7 0 State Fire Insurance Other Government securities .. .. 88,550 0 0 Act, 1908 .. 100,000 0 0 Local authority securities .. .. 66,245 0 0 Less not raised .. 100,000 0 0 Fixed deposits and at short call .. 65,000 0 0 Nil. Land and buildings .. .. .. 222,076 7 3 Reserve Fund .. .. .. 448,895 15 4 Outstanding premiums .. .. 8,657 3 7 Investments Fluctuation Reserve Fund.. 10,000 0 0 Interest accrued but not due .. .. 5,059 18 7 Reserve for unearned premiums .. 78,988 12 0 Rent accrued or due .. .. .. 316 16 2 Bonus Rebate Reserve .. .. 25,000 0 0 Sundry debtors .. .. .. 9 2 0 Reinsurance Reserve Fund .. 20,000 0 0 Cash in Bank of New ZeaPremiums and other deposits .. .. 961 8 6 land at Wellington, or in £ s. d. Outstanding fire losses .. .. 6,709 0 0 transit to Wellington 57,205 3 3 Government taxes .. .. .. 15,070 14 9 Imprest Account Sundry creditors .. .. .. 1,386 2 5 balances— £ s. d. Other amounts owing by the Office— Head Office 5 7 6 Reinsurance premiums £ s. d. Auckland .. 2 5 4 due .. .. 11,072 18 6 Hamilton .. 20 14 2 Commission .. .. 1,717 8 8 N.Plymouth 75 0 1 Rent .. .. 57 0 9 Palmerston N. 68 3 8 Printing, stationery, and Napier .. 513 3 advertising .. 34 010 Nelson .. 018 5 Postages and sundry Christchurch 56 0 9 charges .. .. 888 1 11 Timaru .. 6 19 3 13,769 10 8 Dunedin ..079 Fire-insurance funds, as per Revenue Invercargill 11 13 9 Account .. .. .. 40,737 18 1 253 3 11 57,458 7 2 £661,519 1 9 £661,519 1 9 11th April, 1927. 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 relative books and documents submitted for audit, and correctly state the position as disclosed thereby. —G. F. C. Campbell, Controller and Auditor-General.

Approximate Cost of Paper.—Preparation, not given ; printing (1,850 copies), £3 15?.

Authority : W. A. G. Skinner, Government Printer, Wellington.—l 927.

Price 3<2.]

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