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Bevenue Account of the New Zealand Goveenment Life Insueance Association (Ordinary Branch) for the Year ended 31st December, 1884. £ s. d. £ s. d. Amount of funds at 31st December, 1883 846,159 10 7 Claims under Policies Assurance (including Renewal premiums—Assurance, Annuity, bonus additions) .. .. .. 50,580 11 0 and Endowment .. .. .. 164,691 13 3 Endowments matured .. .. .. 800 0 0 New premiums on 3,309 policies, assuring Bonus surrendered for cash .. .. 690 13 6 £800,016 Is. 9d., and yielding an annual Annuities .. .. .. .. 2,689 11 3 revenue of £24,073125. Id. .. .. 10,387 4 4 Surrenders .. .. .. .. 18,021 14 4 Single premiums—Assurance and Endow- Commission, new .. £7,040 17 6 ment .. .. .. .. 2,267 10 0 „ renewal .. 1,082 13 10 Consideration for annuities granted .. 2,612 12 10 8,123 11 4 Interest .. .. .. .. 48,472 8 1 Expenses of Management— Fees .. .. .. .. 218 5 Salaries—Head Office .. 8,157 19 3 ~ Branch Offices and Agents .. 2,260 17 0 Medical Fees .. .. 4,383 10 10 Travelling Expenses .. 1,158 17 11 Advertising .. .. 439 19 5 Printing and Stationery .. 1,238 14 0 Bent .. .. .. 554 15 1 Postage .. .. 850 0 0 Telegrams .. .. 386 12 5 Exchange .. .. 116 6 9 Office furniture (depreciation) .. .. 215 14 7 General expenses .. 1,148 13 8 20,912 1 5 Amount of funds at 31st December, 1884 972,775 14 8 £1,074,593 17 6 £1,074,593 17 6 D. M. Luckie. Government Insurance Office, 9th April, 1885. Examined and found correct— James Edwabd FitzGebald, Controller and Auditor-General.
Balance-sheet of the New Zealand Government Life Insurance Association (Ordinary Branch) on 31st December, 1884. Liabilities. £ s. d. Assets. £ s. d. Total Assurance, Annuity and Endowment Loans on policies .. .. .. 85,783 17 0 Funds (as per Revenue Account) .. 972,775 14 8 Government securities .. .. .. 458,100 0 0 Claims announced not paid .. .. 11,817 2 0 Railway debentures (guaranteed by GoSurrenders .. .. .. .. 91 19 10 vernment) .. .. .. .. 40,000 0 0 Annuities .. .. .. .. 37 11 9 Railway debentures .. .. .. 35,000 0 0 Commission (new) .. 649 15 3 Municipal Corporation debentures .. 26,322 0 0 ~ (renewal).. 90 17 6 Otago University debentures .. .. 15,000 0 0 740 12 9 Landed and house property .. .. 18,000 0 0 Medical fees .. .. .. .. 1,004 6 6 Fixed deposits .. .. .. 250,000 0 0 Premium deposits .. .. .. 1,503 10 11 Office furniture (Head Office and Agencies) 1,941 11 8 Exchange .. .. .. .. 22 16 4 Mortgages on property.. .. .. 5,000 0 0 Printirig and stationery .. .. 307 15 3 Overdue premiums on policies Sundry accounts owing .. .. 151 11 11 in force .. ..£9,119 17 8 Outstanding premiums due in December, 1884 .. 15,797 9 11 * 24,917 7 7 Interest outstanding .. 1,277 11 11 ~ accrued not due .. 9,986 1 6 H,2C3 13 5 Agents' balances .. .. .. 11,497 12 9 Temporary advance to Industrial Branch.. 520 0 3 Sundry accounts owing .. .. 221 4 3 Cash on current account .. .. 4,885 15 0 £988,453 1 11 £988,453 1 11 D. M. Luckie. Government Insurance Office, 9th April, 1885. Examined and found correct— James Edward FitzGekald, Controller and Auditor-General.