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Balance-sheet of the State Fire Insurance Office on the 31st December, 1948 Liabilities Assets Capital authorized by the State Fire £ s. d. £ s. d. £ s. d. Insurance Act, 1908 .. .. 100,000 0 0 Government securities .. .. .. .. 1,142,787 12 0 Less not raised .. .. 100,000 0 0 Local-authority securities .. .. .. 156,599 17 11 Nil Fixed deposits and at short call .. .. .. 150,000 0 0 Bad Debts Reserve .. .. .. .. 1,500 0 0 Land and buildings .. .. .. .. 97,196 8 11 Reserve Fund .. .. .. .. .. 949,323 9 5 Outstanding premiums .. .. .. .. 31,968 15 5 Investments Fluctuation Reserve Fund . . .. .85,000 0 0 Interest accrued but not due .. .. . . 15,456 0 0 Reserve for Unearned Premiums .. .. .. 150,097 14 11 Rent accrued or due .. .. .. .. 5,950 13 11 Bonus Rebate Reserve .. .. .. .. 122,578 17 0 Cash in Reserve Bank of New Zealand £ s. d. Reinsurance Reserve Fund .. .. .. 140,000 0 0 or in transit to Wellington .. 114,177 4 10 Premium and other deposits .. .. .. 4,563 0 10 j Imprest advances Head Office and Outstanding fire and earthquake losses .. .. 8,500 0 0 I branches .. .. .. 12,749 11 9 Government taxes .. .. .. .. 167,327 10 4 | 126,926 16 7 Sundry creditors .. .. . . . . 39,387 1 5 | Other amounts owing by the Office— £ s. d. Reinsurance premiums due . . 8,504 6 0 ! Commission .. .. .. 7,060 0 0 Printing, stationery, and advertising 1,332 0 0 Postages and sundry charges . . 8,608 0 0 2 5,504 6 0 Fire Insurance Funds .. .. .. .. 33,104 4 10 £1,726,886 4 9 £1,726,886 4 9 ' T j R. H. Newbold, General Manager. 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.

By Authority: R. E. Owen, Government Printer, "Wellington.— 1949. Fnce 3d.\

Approximate Cost of Paper.—Preparation, not given; printing (1,949 copies), £9.

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