H—B

Balance-sheet of the Government Life insurance Department on 31st December, 1946 Liabilities £ Assets £ Total assurance, annuity, and endowment funds (as per Loans on policies .. .. .. .. .. 770,555 Revenue Account) .. .. .. .. .. 14,110,517 New Zealand Government securities .. .. . 5,934,244 Claims admitted, proofs not yet completed .. .. 104,241 Loans to local bodies .. .. .. .. .. 2,838,342 Annuities . . .. .. .. .. .. 230 Landed and house property . . .. .. .. 495, 386 Medical fees .. .. .. .. .. .. 1,583 Mortgages on property .. .. .. .. 4,212,114 Premium and other deposits .. .. .. ..52,914 £ Sundry creditors .. .. .. .. .. 13,390 Overdue premiums on policies in force .. .. 2,907 Accident and Fidelity Fund .. .. .. .. 5,000 Outstanding premiums due but not overdue .. 100, 807 Investment Reserve Account .. .. .. .. 519,691 103,714 £ Overdue interest .. .. .. .. 1,757 Sinking funds on local-body loans .. .. 3,435 Outstanding interest due but not overdue .. 8,830 Interest accrued thereon .. .. .. 42 Interest accrued but not due .. .. .. 135,844 3,477 —— 146,431 Sundry debtors .. .. .. .. .. 4,729 Office furniture and fittings .. .. .. .. 920 Cash in hand and on current account .. .. .. 304,608 £14,811,043 £14,811,043 H. L. Ryan, Commissioner. W. K. Watson, Secretary. Government Life Insurance Department, 28th April, 1947. The Audit Office, having examine the Revenue Account and Balance-sheet and compared them with the relative books, documents, and securities, hereby certifies them to be in accordance therewith.— J. P. Rutherford, Controller and Auditor- General.

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