STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER, 1899.

Auckland Star, Volume XXXI, Issue 23, 27 January 1900, Page 3

STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER, 1899.

PROFIT AND iLOSS .ACCOUNT.

i -.»D ri ....,;-..;.',.;...' ■-,--..•■..■ !>- ,-■■;••;•,■;..: <j To Compensation Account.... 20,d42 l 8 Bonus Policies .....v. 7213 14 6 General- Expenses, including- '-''". - -Rentr -Advertising-, Stationery, etc., etc., Head Office and.Seventeen Branches-and" ."• Agencies '....'...'......;.; 4 yjg -_•$ 7 Improvements Victoria-street Pr.me-rtyy.written_.olr. ..;.. 128-11 2 I wvernment Taxes a; 511 Transferred to Reinsurance I**** 2.000'0f0 Balance _ 2,uiiS 10 8 '.'. ' " fiSii.&Si 17 6 Cr- -~- ""' -'^:"\ £ s d By Balance from last year.;\. 2,297 3 5 Less Dividerid 315t...'-: -v ■■ ■• 1 December, 1898.... £500 00 Less Dividend SOfh June, 1899 IS 500 0-0 - ——- 1,000 0 0 J"1,297 3; 5 .Amount of. Net Premiums ...-29,855-14 7 Interest, Rent, and Transfer Fees .........; ......... "2,828 "19; 6 - , . ■' £33,98117 8: BALANCE SHEET. Dr. & s d Capital Account— -.100,000- Shares at £1..£100;000" :-M'■■■-"'''■■■ ' Less Unallotted— '' "'■"""-■■ 80,000 Shares at £>~...£80,3X1 ——— 20.000 0 0 Reserve "Fund ;y. -...-....,..• 20,000 0 0 Reinsurance Fund -..- 15,000 C 0 Contingent Liabilities .......'. 4,000 0 0 Life Members' Account,-Fidel- ' :— ity Guarantee. Account, Plate Glass Insurance Account, Burglary Insurance Account 19,202 0- 2 ■Accounts owingl- by-the-Com-pany and Provision for Un- " adjusted Claims 9,815 4 11 yProfrtttfttd Loss Account---.:.-r.:y-y-2,0(5810 8 - ■/. ••-•- , £90,08515 9 Cr. . - -T ' s d Uncalled Capital, .:......:;. .1 ... 10,000 0 0 InvestmentsNew South Wales. 4-per cent. Stock 10,520 0 0 Queensland 3*s per cent. Stock 10,000 0 0 South Australian 3J per cent.. . . stock ...;..:................... aoiooo 00 .Melbourne and Metropolitan .... . Board of Works "4J"per cent. * Debentures 2,500 0 0 Victorian Government 3 per ...cent. Stock 2,500-o'o City of Auckland 5 per cent. Debentures 2,000 0 0 Borough of Parnell "Waterworks 6 per cent. Deben-..' tures .'.....'...:.........'..." "2,015 0 0 Borough of Devonport 4 per cent, and 5i per cent. De- . ■ ~ p bentures »..,-., 2,5w 0 0 I City of Perth (W.A.) 4 per ! cent. Debentures 3,000 0 0 ! New Zealand 31 per cent. Con--1 sols 2,000 0 (r ! Fixed Deposits , 800 0 0 Fixed Deposit in Reconstructed Bank (£275) .175 0 0 Deposits at Call 10.COO 0• 0 ..Loans on. Mortgage 7,0*>0 0 0 j Freehold City Properties .... 7,500 0 0 ' Total Investments ........... £73.061. 0 <1 ~ Accrued -Interest ~...,-.-.' - 867 IS 11 Balances at Branches and" *" .-MAgencfes . 3,26? 5 9 Accounts owing to.-the-Com* pany ..'.."■..'...".......;........... 104 17 4 : Cash in Bank .;.;..Y. 2,783 13 9 :" -"-■. "."".."-""- :r ■ '■.''" £06,08bj5 9 I We have examined the abo^e fcairnee* sheet, together with its rm'o-npanying 'profit and loss account, and compaied them with the books, vouchers, and securities, and find-them to be correot. We "are of the opinion that the balance-sheet is a full and fair balance-sheet, containing the particulars required by the Com* pahy's Article's of Association, and (hat it jis »properly -drawn- up so as to exhibit a true and correct view of the state of the Company's, affairs.,

CHARLES A. JONAS. F.S.A.A., Eng., O. B. WAYMOUTH, C.A., Glasgow, Auditors.

Auckland. January 26, 1900.