B.—l [PT. IV].

STATE FIRE INSURANCE OFFICE. Revenue Account of the State Fire Insurance Office for the Year ended 31st December, 1934. £ s. d. | £ s. d. Premiums after deduction of reinsurances .. 200,580 14 8 ; Bonus rebate to policyholders .. .. 41,210 12 0 Premium on conversion of securities .. .. 44 11 1 Losses by fire and earthquake (after deduction of Other receipts — £ s. d. reinsurances) .. .. .. .. 54,750 16 7 Interest, commission, and rent 44,130 17 3 Income-tax .. .. .. .. 34,929 3 8 Less land-tax .. .. 380 9 2 Commission .. .. .. .. 8,838 11 4 43,750 8 1 Salaries .. .. .. .. .. 27,352 14 0 Contribution to Public Service Superannuation Fund .. . . .. .. .. 527 1 0 Contribution to Fire Boards under the Fire Brigades Act, 1908 .. .. .. 7,939 19 11 Expenses of management — £ s. d. Travelling-expenses .. .. 4,044 15 6 Printing, stationery, and advertising .. .. 1,429 0 4 Rent .. .. .. 1,492 9 8 Exchange .. .. .. 45 11 8 Postages, telegrams, cablegrams, and sundry charges .. 4,932 8 3 11,944 5 5 Office equipment .. .. .. .. 1,574 16 5 Office premises : Depreciation .. .. 2,835 8 4 191,903 8 8 Payment to New Zealand Treasury under section 5, Finance Act, 1931 (No. 2) .. .. . . 871 2 9 Office premises: Written off .. .. . . 26,000 0 0 ■ Amount of fire-insurance funds at end of year .. 25,601 2 5 £244,375 13 10 £244,375 13 10 Balance-sheet of the State Fire Insurance Office on the 31st December, 1934. Liabilities. £ s. d. Assets. £ s. d. Capital authorized by the State Fire £ Government securities .. .. .. 414,942 16 2 Insurance Act, 1908 .. .. 100,000 Local-authority securities .. .. ... 158,707 9 1 Less not raised .. .. .. 100,000 Rural Advances bonds .. .. .. 14,175 0 0 Nil. Fixed deposits and at short call .. .. 187,000 0 0 Bad Debts Reserve.. .. .. •• 1,500 0 0 Land and buildings .. .. .. 125,657 10 2 Reserve Fund .. .. .. .. 717,340 16 0 Outstanding premiums .. .. .. 11,440 6 5 Investments Fluctuation Reserve Fund .. 59,000 0 0 Interest accrued but not due .. .. 8,999 311 Reserve for unearned premiums .. .. 104,246 9 11 Rent accrued or due .. .. .. 252 4 5 Bonus Rebate Reserve .. .. .. 49,000 0 0 Rent overdue .. .. .. .. 7493 Reinsurance Reserve Fund .. . . .. 60,000 0 0 Cash in Reserve Bank of New Premium and other deposits .. .. 926 19 11 Zealand at Wellington, or in £ s. d. Outstanding fire and earthquake losses .. 5,629 0 0 transit to Wellington .. 147,288 6 10 Government taxes .. .. .. .. 24,774 14 6 Imprest Account balances : Head Sundry creditors .. .. .. .. 10,002 19 10 Office and branches .. .. 589 14 2 Other amounts owing by the Office — £ s. d. 147,878 1 0 Reinsurance premiums due .. 7,946 19 3 Commission .. .. . • 1,559 19 7 Printing, stationery, and advertising .. • • • ■ 25 4 6 Postages and sundrv charges .. 1,572 14 6 11,104 17 10 Fire-insurance funds, as per Revenue Account .. 25,601 2 5 £1,069,127 0 5 £1,069,127 0 5 J. H. Jerram, General Manager. L. H. Osborn, Deputy General Manager. 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. — J. H. Fowler, Deputy Controller and Auditor-General.

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