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Revenue Account of the State Fiee Insurance Office for the Year ended 31st December, 1928. £ s. d. £ s. d. Premiums after deduction of reinsurances .. 211,634 7 0 Bonus rebate to policyholders .. .. 26,421 1 5 Other receipts—lnterest, commission, and rent .. 40,459 14 7 Losses by fire (after deduction of reinsurances) .. 81,585 2 0 Appropriated to reserve for unearned premiums (in addition to £83,044 7s. Bd. already reserved) 1,609 7 2 Government taxes .. .. .. .. 9,789 16 4 Commission .. .. .. .. 10,039 15 0 Salaries .. .. .. .. .. 26,971 5 3 Contribution to Public Service Superannuation Fund .. .. .. .. .. 468 9 3 Contributions to Fire Boards under the Fire Brigades Act, 1908 .. .. .. .. 7,283 10 10 Expenses of management— £ s. d. Travelling-expenses .. .. 1,799 7 9 Printing, stationery, and advertising .. .. .. 1,303 12 1 Rent .. .. .. 1,869 16 11 Exchange .. .. .. 39 17 0 Postages, telegrams, cablegrams, and sundry charges .. 3,087 11 0 8,100 4 9 Office equipment .. .. .. .. 985 0 6 Office premises—Depreciation .. .. 3,239 15 4 176,493 7 10 Reinsurance Reserve Fund .. .. .. 10,000 0 0 Bonus Rebate Reserve .. .. .. 1,000 0 0 Office premises—Written off .. .. .. 3,000 0 0 Amount of fire-insurance funds at end of year .. 61,600 13 9 £252,094 1 7 £252,094 1 7 Balance-sheet as on the 31st December, 1928. Liabilities. Assets. £ £ s. d. £ s. d. Capital authorized by the State Fire Government war-loan securities .. .. 148,146 7 0 Insurance Act, 1908 .. .. 100,000 Other Government securities .. .. 123,150 0 0 Less not raised .. .. .. 100,000 Local-authority securities .. .. .. 87,696 4 4 Nil. Rural Advances bonds .. .. .. 14,175 0 0 Reserve Fund .. .. .. .. 525,516 19 11 Rural Intermediate Credit bonds .. .. 20,000 0 0 Investments Fluctuation Reserve Fund .. 10,000 0 0 Fixed deposits and at short call .. .. 90,000 0 0 Reserve for unearned premiums .. .. 84,653 14 10 Land and buildings .. .. .. 210,615 12 11 Bonus Rebate Reserve .. .. .. 27,500 0 0 Outstanding premiums .. .. .. 8,950 4 2 Reinsurance Reserve Fund .. .. .. 35,000 0 0 Interest accrued but not due .. .. 7,259 18 0 Premium and other deposits .. .. .. 814 17 3 Rent accrued or due .. .. .. 213 1 4 Outstanding fire losses .. .. .. 1,855 0 0 Rent overdue .. .. .. .. 292 8 7 Government taxes .. .. .. .. 9,789 16 4 Cash in Bank of New Zealand at Sundry creditors .. .. .. .. 5,687 12 5 Wellington, or in transit to £ s. d. Other amounts owing by the Office— £ s. d. Wellington .. .. .. 60,466 3 1 Reinsurance premiums due .. 7,085 11 0 Imprest Account Commission.. .. .. 1,664 811 balances — £ s. d. Rent .. .. .. 30 4 0 Head Office .. 635 4 9 Printing, stationery, and adver- Auckland.. .. 0 4 4 tising .. .. .. 17 4 7 Hamilton.. .. 511 9 Postages and sundry charges .. 742 11 2 New Plymouth .. 25 1 6 9,539 19 8 Palmerston North .. 411 9 Fire-insurance funds, as per Revenue Account .. 61,600 13 9 Napier .. .. 010 2 Nelson .. .. 10,7 7 Christchurch .. 283 8 0 Timaru .. .. 8 19 0 Dunedin .. .. 2 2 7 Invercargill .. 17 13 4 993 14 9 61,459 17 10 £771,958 14 2 — £771,958 14 2 27th March, 1929. 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.— 6. F. C. Campbell, Controller and Auditor-General.

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