B.—l [Pt. IV].

STATE FIRE INSURANCE OFFICE. Revenue Account op the State Fire Insurance Office for the Year ended 31st December, 1930, £ s. d. £ s. d. Premiums after deduction of reinsurances .. 221,909 19 3 Bonus rebate to policyholders .. .. 27,001 14 0 Profit on realization of investments .. .. 794 4 3 Losses by fire (after deduction of reinsurances) .. 90,001 22 Other receipts — Interest, com- £ s. d. Appropriated to reserve for unearned premiums mission, and rent .. 51,732 0 8 (in addition to £87,196 6s. Bd. already reserved) 1,567 13 0 Less land-tax .. .. 2,223 7 2 Income-tax .. .. .. .. 21,153 1* 9 49,508 13 6 Commission .. .. .. .. 10,838 13 7 Salaries .. .. .. .. .. 28,175 13 1 Contribution to Public Service Superannuation Fund .. . . .. .. .. 942 9 5 Contributions to Kire Boards under the Fire Brigades Act, 1908 .. .. .. .. 8,027 13 5 Expenses of management — £ s. d. Travelling-expenses .. .. 1,807 7 0 Printing, stationery, and advertising .. .. .. 1,382 7 1 Rent .. .. .. 1,779 3 8 Exchange .. .. .. 43 11 10 Postages, telegrams, cablegrams, and sundry charges .. 3,252 3 4 — 8,264 12 11 Office equipment .. .. .. .. 1,131 5 6 Office premises—Depreciation .. .. 3,271 15 11 200,376 7 9 Investments Fluctuation Reserve Fund .. 6,000 0 0 Reinsurance Reserve Fund .. .. .. 15,000 0 0 Bonus Rebate Reserve .. .. .. 500 0 0 Office premises—Written off .. .. .. 5,000 0 0 Amount of fire-insurance funds at end of year .. 45,336 9 3 £272,212 17fJ) £272,212 17 0 Balance-sheet of the State Fire Insurance Office on the 31st December, 1930. Liabilities. Assets. £ s. d. Capital authorized by the State Fire £ £ s. d. Government war-loan securities .. .. 112,140 11 3 Insurance Act, 1908 .. .. 100,000 Other Government securities .. .. 264,950 0 0 Less not raised .. .. 100,000 Local-authority securities .. .. .. 132,550 10 9 Nil. Rural Advances bonds .. .. .. 14,175 0 0 Reserve Fund .. .. .. .. 644,394 511 Rural Intermediate Credit bonds .. .. 20,000 0 0 Investments Fluctuation Reserve Fund .. 22,000 0 0 Fixed deposits and at short call .. .. 110,000 0 0 Reserve for unearned premiums .. .. 88,763 19 8 Land and buildings .. .. .. 204,671 8 5 Bonus Rebate Reserve .. .. .. 29,000 0 0 Outstanding premiums .. .. .. 8,618 2 1 Reinsurance Reserve Fund .. .. .. 60,000 0 0 Interest accrued but not due.. .. .. 10,404 18 1 Premium and other deposits .. .. .. 1,061 0 0 Rent accrued or due .. .. .. 247 18 10 Outstanding fire losses .. .. .. 6,052 0 0 Rent overdue .. .. .. .. 189 3 2 Government taxes .. .. .. .. 21,153 14 9 I Sundry debtors .. .. .. .. 579 6 8 Sundry creditors .. .. .. .. 10,019 2 8 Cash in Bank of New Zealand at Other amounts owing by the Office — £ s. d. Wellington, or in transit to £ s. d. Reinsurance premiums due .. 174 10 6 Wellington .. .. 52,805 1 8 Commission.. .. .. 1,727 12 7 Imprest Account Printing, stationery, and adver- balances— £ s. d. Using .. .. .. 16 3 11 Head Office .. 38 14 5 Postages and sundry charges .. 1,877 11 3 Auckland .. 110 11 3,795 is 3 Hamilton .. 0 0 3 Fire-insurance funds, as per Revenue Account .. 45,336 9 3 New Plymouth .. 214 9 Palmerston North 2 18 5 Napier .. .. 8 2 1 Nelson .. .. 17 1 6 Christchurch .. 36 16 10 Timaru .. ..283 Dunedin.. .. 78 15 4 Invercargil] .. 55 610 244 9 7 53,049 11 3 £931,576 10 6 £931,576 10 6 I . 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.

196