H—B

Revenue Account of the Government Life Insurance Department for the Year Ended 31st December, 1948 £ | £ Amount of funds at Ist January, 1948 .. .. 14,835,563 j Death claims under assurance policies, including bonus Renewal premiums: Assurance, annuity, and endowment, additions .. .. .. .. .. .. 275, 136 less reinsurance premiums .. .. .. .. 1,135,110 \ Endowment assurances matured, including bonus additions .. 447,414 New premiums (including instalments of first year's premiums Endowments matured .. .. . . .. 7,583 falHng due in the year), less reinsurance premiums .. 170,161 Premiums returned on endowments .. .. .. 1,179 Single premiums: Assurance and endowment .. .. 98,041 Bonuses surrendered for cash .. .. .. .. 2,802 Consideration for annuities .. .. .. .. 37,459 Annuities .. .. .. .. .. .. 46,794 £ Surrenders .. .. .. .. .. .. 55,209 Interest, rent, and other income .. .. 590,047 Loans released by surrender .. » .... . . 28,941 Less property expenses and war-damage-insurance Commission— £ premiums .. .. .. .. 10,827 New .. .. .. .. .. 119,512 — 579,220 Renewal .. .. .. .. 10,682 - 130,194 Expenses of management .. .. .. .. 111,902 Contributions to Public Service Superannuation Fund .. 2,775 Agents' retiring-allowances .. . . . . .. 1,891 Land and income tax .. .. .. .. 50,115 Property depreciation .. .. .. .. .. 8,929 Provision for income-tax .. .. .. .. 10,000 Transfer to investment reserve .. .. . . 12,693 Amount of funds at 31st .December, 1948 .. .. 15,661,997 £16,855,554 £16,855,554

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