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Revenue Account of the Government Life Insurance Department for the Year ended 31st December, 1943 £ £ Amount of funds at Ist January, 1943 .. 12,208,184 Death claims under assurance policies, Renewal premiums: Assurance, annuity, including bonus additions .. .. 341,677 and endowment, less reinsurance premiums 778,297 Endowment assurances matured, including New premiums (including instalments of first bonus additions .. .. .. 364,657 year's premiums falling due in the year), Endowments matured .. .. .. 12,701 less reinsurance premiums .. ' .. 51,622 Premiums returned on endowments .. 1,282 Single premiums : Assurance and endowment 19,312 Bonuses surrendered for cash .. .. 2,132 Consideration for annuities . . .. 20,365 Annuities .. .. .. • ■ 36,296 £ Surrenders .. .. .. .. 26,401 Interest, rent, and other income .. 546,081 Loans released by surrender .. .. 33,225 Less property expenses .. 13,256 £ 532,825 Commission, new .. .. 39,294 Commission, renewal .. .. 6,327 45,621 Contribution to Public Service Superannuation Eund .. .. . . .• 596 Land and income tax .. .. .. 6,503 Agents'retiring-allowances .. .. 2,074 Expenses of management .. .. 62,623 War-damage-insurance premiums .. 3,431 Property depreciation .. .. .. 6,673 Amount of funds, 31st December, 1943 .. 12,664,713 £13,610,605 £13,610.605 Balance-sheet of the Government Life Insurance Department on 31st December, 1943 Liabilities £ Assets £ Total assurance, annuity, and endowment Loans on policies .. .. ■■ 1,001,200 funds (as per Revenue Account) .. 12,664,713 New Zealand Government securities .. 3,981,131 Claims admitted, proofs not yet completed 117,400 Loans to local bodies .. .. .. 2,592,922 Annuities .. ... .. .. 625 Landed and house property .. .. 500,545 Medical fees .. .. .. • • 371 Landed and house property (leasehold) ... 172 Premium and other deposits .. .. 23,405 ; Mortgages on property .. .. .. 4,817,442 Sundry creditors .. .. .. 10,649 Properties acquired by foreclosure .. 26,934 Accident and Fidelity Eund .. .. 5,000 Overdue premiums on policies in £ Investment Reserve Account .. .. 360,856 force .. .. . • 2,683 £ Outstanding premiums due but not Sinking funds on local-body loans.. 2,694 overdue .. .. .. 69,127 Interest accrued thereon .. 33 71,810 2,727 Overdue interest .. .. 2,760 Outstanding interest due but not overdue .. .• •. 14,493 Interest accrued but not due .. 116,899 134,152 Sundry debtors .. .. .. 4,974 Office furniture and fittings .. .. 2, 000 Cash in hand and on current account .. 52,4(54 £13,185,746 £13,185,746 J.. W. Macdonald, Commissioner. H. L. Ryan, Secretary. Government Life Insurance Department, 10th March, 1944. 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. — Cyril G. Collins, Controller and Auditor-General.

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