Page 5 Advertisements Column 1

New Zealand Times, Volume XXIX, Issue 4128, 13 June 1874, Page 5 (Supplement)

REVENUE ACCOUNTS T'OE THU IEAII ENDING}- 81st DECEMBER, 1573. Life Assurance Account. Liverpool and London and Globe Fund. £ s. cl. Amount of life assurance fund at the beginning' of the year Premiums after deduction of reassurance premiums Interest and dividends ... 1,574,995 3 9 209,311 0 6 72.870 16 0 1,857,177 0 3 Globe Fund. Amount of life assurance fund at the beginning of the y c V Premiums after deduction of reassurance premiums ... Interest and dividends 455,578 3 35,520 12 21,044 4 512,143 0 5 £2,369,320 0 8 Liverpool and London and Globe Fund. didnef* 1 tetl I)ut not paid (after ■taSa* —... Commission Expenses of management Uther payments, viz.: Medical Fees Stamps £ s. d. s. d. s. d. 15,208 1 10 173,368 13 13,772 2 8,422 3 1,177 12 3 309 9 0 Transfer to annuity accoufit consideration for immediate annuities hitherto deferred Amount of funds at the end of the year as in balance sheet ... 1 (JOS 501 Amount carried to profit and loss ac- ’ ’ count, being surplus as per actuarial valuation at 31st December, 1873 ... 34,260 19 11 16,695 3 5,156 18 0 0 1,639,761 19 11 rn . . , „ Globe Fund. L'lninis vnulcv life policies, including those admitted, but not paid (after deducting sums reassured) Surrenders ... ... ’ ' Commission Expenses of management ... Transfer to annuity account consideration for immediate annuities hitherto deferred Amount of funds at the end of the year as in balance sheet Amount carried to profit and loss account being surplus as per actuarial valuation at 31st December, 1873 ... 1,857,177 0 2 57,769 0 1,609 2 1,270 12 3,101 19 752 6 412,716 7 34,923 11 447,639 18 8 512,143 0 5 £2,369,320 0 8 Liverpool and London and Globe Fund. Annuity Account. Amount of fund at the beginning of the year Consideration for annuities granted Interest and dividends ... Transfer from life fund consideration for immediate annuities hitherto deferred £ s. 440,718 19 24,230 18 20,428 4 s. d. 5,156 18 3 . . „ Globe Fund. Amount of fund at the beginning of tlio year Interest, and dividends ... ... ... transfer from life fund consideration for immediate annuities hitherto deferred 29,316 1 10 1,331 0 0 752 6 8 31,402 8 6 £521,937 8 11 Liverpool and London and Globe Fund. Annuities paid Commission Expenses of management ... Amount of funds at the end of the year as in balance sheet Amount carried to profit and loss account, being surplus as per actuarial valuation at 31st December, 1873 ... £ s. d. 55,860 11 'l6l 10 279 0 s. d. 420,914 0 0 13,319 13 0 434,233 13 0 Globe Fund Annuities paid Expenses of management ... Amount of funds at tlio end of the year as in balance sheet Amount carried to profit and loss account, being surplus as per actuarial valuation, at 31st December, 1873... 490,535 0 5 4,118 11 25,526 0 0 1,747 1 5 17, 273 1 5 31,402 8 6 £521,937 8 11 Fire Account. Premiums received after deduction of re-n assurances £1,168,732 19 6 £1,168,732 19 6 Losses by fire after deduction of ro-assurancos Expenses of management Commission ... Other payments, viz. ; Contributions to fire brigades at home and abroad State taxes (foreign) £551,704 16 148,249 11 150,456 11 £8,851 0 2 10,053 18 7 Balance carried to profit and loss 18,904 18 299,417 0 1 £1,168,732 19 Amount of fund at the beginning of the year Premiums received during year Interest Capital Sum insurance JFu-nd. £2,070 18 7 370 15 6 101 2 0 Amount paid during year Amount of fund at the end of the year, as in balance sheet £4O 7 0 2,502 9 1 '£2,542 16 1 £2,542 16 1 Interest and dividends not carried to other accounts Surplus from fire account Sfirplus from life account Surplus from annuity account ... ... ... ~ Surplus on realised securities ... Balance, surplus value on railway debentures, preference stocks, &c. over cost price ... ... ... ~, _ * *’ Surplus in investment fluctuation fund, being excess over sum required to meet any ultimate deficiency on securities Frofit and £67,531 11 11 299,417 0 11 69,184 11 2 15,066 14 5 27,732 17 10 49,737 3 9 10,212 15 10 Lose Account. Amount paid to Globe six per cent, perpetual annuitants Losses realized, agent’s bad and doubtful debts Exchange Amount carried to general reserve fund ... Balance to next year’s account ... £538,882 15 10 48,935 1 8 1,977 0 9 15,933 12 3 449,881 12 4 22,155 8 10 £538,882 15 10 Liabilities. Shareholders’ capital, as stated in the accounts of 1872 Deduct stocks issued to trustees by authority of the Liverpool aud London and Globe Insurance Company's Act, 1864, aud held by them in trust for the company Life assurance fund : Liverpool and London and Globe ... Globe ... ... ... £412,716 7 5 Annuity fund : : Liverpool and London and Globe ... Globe ... ... ... ... £25,526 0 0 General reserve fund Profit and loss Other funds, viz : Capital sum insurance fund Investment fluctuation fund Permanent fire policy deposit fund ... Liability to the Globe annuitants, viz., £49,626 per annum, pay aide in perpetuity to. Globe 6 per cent, annuitants, and not entiling upon the company any liability to redeem, the payment of the annuity beiim collaterally secured by the guarantee fund of one million sterling, included in the enumeration of assets in this schedule, for which annuities the amount i received by trustees on behalf of the company was Haims under life policies admitted but not paid : , Liverpool and London and Globe ... Globe ... Outstanding fire losses 3 tlier sums owing by the company:— Dividends due and unpaid ... Amount owing to fire insurance companies Current accounts owing by company ... Balance Sheet on the 3157 December £245,640 0 0 2,018,217 446,440 0 0 600,000 0 0 22,155 8 10 2,502 9 1 76,409 0 11 62.452 10 7 £3,473,846 10 10 827,100 0 0 6,730 4 6 43,032 6,730 82,025 11 6 0 713 7 2 6,403 19 4,323 16 2 £444,972 11 11 970,328 10 2 £4,444,175 7 0 187 3. Assets. Liverpool and London and Globe. Mortgages on property within the United Kingdom... Mortgages on property out of the United Kingdom ... Loans on the Company's policies ... Investments : British Government securities Colonial Government securities Foreign Government securities Bail way and other debentures and debenture stocks Hailway shares (preference and ordinary) House property, including offices partly occupied by the Company Land ... ... ... .... ‘ Life interests, annuities and reversions... Agents’ balances* Outstanding premiums* ... Outstanding interest, accrued but not due ... Cash— On deposit In hand and on current account with bankers Other assets : Loans on life interests, annuities and reversions.,. Loans on railway and other dobonturo bonds, shaves, and other stocks ... Loans to local boards and counties in tlio United Kingdom ... Loans on personal security O (lice furniture, fire-engines aud plant... Bills receivable Amounts owing to the Company ...» Globe. Mortgages on property within the United Kingdom ~, Loans on the Company’s policies ... House property, including offices partly occupied by tlio Company Annuities, the property of the Company ... ~, Loans on life interest £444,972 11 il £626,416 9 3 427,423 2 10 96,242 15 0 786 7 0 15,983 19 2 259,432 17 5 698,980 0 3 591,640 7 11 308,860 9 1 34,800 4 4 128,410 10 2 185,027 25,705 844,765 13 8 354,726 8 10 444,972 11 11 £4,444,175 7 0 * Being-the uncollected portion of the revenue of the last quarter, ending on the date to which these accounts are made up. CJOOO