STATE FIRE INSURANCE
ANNUAL REPORT TABLED IFrora Our Parliamentary Reporter.] WELLINGTON, August 15. The reserves and funds of the State !Fbre Insurance office at December 31 last amounted to £991,087, with £952,299 in 1932 and £918,682 in 1931, according to the annual report of the office, tabled in the House of Representatives to-day. The income from premiums in 1933 was £201,351, in 1032 £208,493, and in 1931 £216,007. The various surpluses were £71,972 l'or 1933, £00,013 for 1932. and £41,799 for 1931. The reduction iri premium, income was due mainly 1,0 adjustment of thfc amounts insured to a lower level, in accordance with present-day values, states the report. The report of the accident insurance branch of th'.j office, rlso tabled to-day, .;hows that reserves and funds at December 31 las), were £342.508. compared _ with £324,753 in 1932 and £312,054 in 1931. The income from premiums during 1933 was £80,207, compared with £87,008 in 1932, and £102,0(51 in 1931. The reason for this fall in income is the declin'e in wa;>e returns, and Ihe lack of employment However, the report *t:ifr s (hat. underwriting \/cn' better th;ui for
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Bibliographic details
Press, Volume LXX, Issue 21244, 16 August 1934, Page 12
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187STATE FIRE INSURANCE Press, Volume LXX, Issue 21244, 16 August 1934, Page 12
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