8.--1 [Pt. IV].

GOVERNMENT LIFE INSURANCE DEPARTMENT. Revenue Account for the Year ended 31st December, 1930. £ s. d. £ s. d. Amount of funds at Ist January, 1930 7,926,524 12 11 Death claims under assurance policies, Renewal premiums — Assurance, An- including bonus additions .. 224,226 4 0 nuity, and Endowment .. .. 592,601 7 5 Endowment Assurances matured, inNew premiums (including instalments eluding bonus additions .. .. 300,053 3 0 of first year's premiums falling due Endowments matured .. .. 7,611 5 0 in the year) .. .. .. 58,380 14 3 Premiums returned on endowments .. 118 7 3 Single premiums—Assurance and En- ■ Bonuses surrendered for cash 9,195 5 9 dowment .. .. .. 5,769 6 2 j Annuities .. .. .. 23,459 18 2 Consideration for Annuities .. 18,598 2 10 | Surrenders .. .. .. 41,938 2 10 £ s. d. ! Loans released by surrender .. 66,632 11 5 Interest and Rent .. 463,757 0 8 £ s. d. Less land and in- ! Commission, new* .. 34,463 16 11 come tax, £20,620 „ renewal 4,542 3 7 16s. 10d.; pro- 39,006 0 6 perty expenses, Contribution to Public Service Super£4,l63 15s. Bd. .. 24,784 12 6 animation Fund .. .. 1,465 9 10 438,972 8 2 Expenses of management— Salaries— £ s. d. Head Office .. 21,992 9 10 Branch offices and agents .. 12,532 18 3 Extra clerical assistance .. .. 3,130 3 2 Medical fees and expenses .. 2,626 13 9 Travelling-expenses 623 6 8 Advertising .. 592 10 2 Printing and stationery .. .. 1,537 0 4 Rent .. .. 4,973 511 Postage and telegrams .. .. 1,795 11 4 Exchange .. 43 9 10 General expenses .. 3,445 9 0 53,292 18 3 Transfer to Investment Fluctuation Reserve Account .. .. 25,000 0 0 Amount of funds, 31st December, 1930 8,248,847 6 9 £9,040,846 11 9 : £9,040,846 11 9 — I * Including agents' allowances. — Balance-sheet as at the 31st December, 1930. Liabilities. Assets. £ s. d. £ s. d. Total Assurance, Annuity, and En- Loans on policies .. .. .. 1,073,398 8 1 dowment Funds (as per Revenue New Zealand Government securities 2,198,160 0 0 Account) .. .. .. 8,248,847 5 9 Rural Advances Bonds .. .. 85,395 0 0 Claims admitted, proofs not yet com- Municipal Corporation debentures .. 266,767 13 2 pleted.. .. .. .. 33,427 4 2 County securities .. .. .. 105,660 0 5 Annuities .. .. .. 349 7 0 Harbour Board debentures .. 27,600 0 0 Commission .. .. .. 884 13 5 Town Board debentures .. .. 28,778 12 11 Medical fees .. .. .. 218 18 6 Road Board debentures .. .. 21,800 0 0 Premium and other deposits .. 11,474 15 9 | Drainage Board debentures .. 1,759 8 8 Sundry creditors .. .. .. 5,307 3 2 Power Board debentures .. .. 715,331 10 9 Accident and Fidelity Fund .. 4,381 18 5 Landed and house property .. 143,248 0 1 Investment Fluctuation Reserve .. 238,881 10 0 Landed and house property (leasehold) 1,775 9 3 Sinking Funds on Local Body Loans 14,790 4 4 Mortgages on property .. .. 3,677,923 8 5 Properties acquired by foreclosure .. 4,993 5 0 Overdue premiums on £ s. d. policies in force .. 9,124 9 8 Outstanding premiums due but not overdue 69,619 17 9 68,744 7 6 Overdue interest .. 9,684 7 7 Outstanding interest due but not overdue 12,826 18 6 Interest accrued but not due .. .. 111,416 0 5 133,927 6 6 Sundry debtors .. .. .. 1,294 1 4 Cash in hand and on current account 2,006 8 6 £8,558,563 0 6 £8,558,563 0 6 A. E. Allison, Commissioner. H. Rose, Secretary. 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,

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