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Balance-sheet of the State Fire Insurance Office on the 31st December, 1947 Liabilities Assets Capital authorized by the State Fire Insurance £ £ s. d. £ s. d. Act, 1908 .. .. .. .. 100,000 Government securities .. .. ..1 043 771 12 0 Less not raised .. .. .. 100,000 Local-authority securities .. .. ' 180'467 0 8 Nil Fixed deposits and at short call .. .. .. 0 0 Bad Debts Reserve .. .. .. .. 1,500 0 0 Land and buildings .. .. .. 12o'si8 8 11 Reserve Fund .. .. .. .. .. 912,104 8 5 Outstanding premiums .. .. .. 1 7 Investments Fluctuation Reserve Fund .. .. 85,000 0 0 Interest accrued but not due .. .. '' 12'616 0 0 Reserve for unearned premiums .. .. .. 131,328 15 5 Rent accrued or due .. .. .. 12 279 0 2 Bonus Rebate Reserve .. .. .. .. 122,578 17 0 Cash in Reserve Bank of New Zealand Reinsurance Reserve Fund .. .. .. 140,000 0 0 at Wellington, or in transit to £ s. d. Premium and other deposits .. .. .. 4,283 3 10 Wellington .. .. .. 262,098 3 4' Outstanding fire and earthquake losses .. .. 50,617 0 0 Imprest Account balances: Head Government taxes .. .. .. .. 185,980 0 0 Office and branches .. .. 6,001 6 2 Sundry creditors .. .. .. .. 78,022 13 11 I 268,099 9 6 Other amounts owing by the Office— £ s. d. Reinsurance premiums due .. 54,661 13 3 Commission .. .. .. 13,546 0 0 Printing, stationery, and advertising 760 0 0 Postages and sundry charges .. 5,131 0 0 74,098 13 3 Fire-insurance Funds, as per Revenue Account .. 37,219 1 0 £1,822,732 12 10 £1,822,732 12 10 R. H. Newbold, General Manager. 31st May, 1948. T. L. Seator, 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. P. Rutherford. Controller and Auditor-General.

Approximate Cost of Paper.—Preparation, not given ; printing (1,873 copies) 1 , £lO 10s.

By Authority: E, V, Paul, Government Printer, Wellington.— 1948,

Price 3<Z.]

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