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Bevenue Account of the New Zealand Government Life Insurance Association (Industrial Branch) for the Year ended 31st December, 1884. £ s. d. £ s. d. Amount of funds on Ist January, 1884 .. 823 0 3 Claims .. .. .. .. 685 1 0 Premiums .. .. .. .. 6,098 10 1 Surrenders .. .. .. .. 161 1 7 Interest .. .. .. .. 214 10 Commission, New .. £232 19 6 Fees.. .. .. .. .. 0 16 6 „ Renewal .. 1,170 16 8 1,403 16 2 Salaries .. .. .. .. 910 4 2 Medical Fees .. .. .. .. 63 9 0 Travelling Expenses .. .. .. 43 2 7 Advertising .. .. .. .. 97 12 0 Printing and Stationery.. .. .. 719 2 Rent .. .. .. .. .. 50 0 0 Postage .. .. .. .. 150 1 9 Telegrams .. .. .. .. 7 18 9 General Expenses .. .. .. 21 14 7 Preliminary Expenses, now written off .. 1,201 12 8 Amount of funds on 31st December, 1884.. 2,057 18 3 £6,925 1 8 £6,925 1 8 D. M. Luckie. Government Insurance Office, 9th April, 1885. Examined and found correct— James Edward FitzGebald, Controller and Auditor-General.

Balance-sheet of the New Zealand Government Life Insurance Association (Industrial Branch) on 31st December, 1884. Liabilities. £ s. d. Assets. £ s. d. Total funds (as per Revenue Account) .. 2,057 18 3 Fixed deposits .. .. .. .. 1,000 0 0 Medical fees .. .. .. ' .. 20 3 0 Office furniture .. .. .. .. 76 5 2 Commission (new) .. .. .. 28 15 10 Interest accrued not due .. .. .. 7 3 8 Temporary advance—Ordinary Branch .. 520 0 3 Cash in hand and on current account .. 1,447 19 0 Agents' balances .. .. .. 95 9 6 £2,626 17 4 £2,626 17 4 D. M. Luckie. Government Insurance Office, 9th April, 1885. Examined and found correct— James Edward FitzGebald, Controller and Auditor-General.

Estimate of Probable Expenditure of the Boaed foe the Year 1885. Salaries.—Manager, £800 ; Actuary, £600 ; Accountant, £600 ; Inspector of Agents, £500; Chief Medical Officer, £400 ; Lecturer (also District Agent), £60 ; Chief Clerk, £280 ; one Messenger, £109 45.; one Messenger Assistant, £39. Four District Agents, two at £350, one at £280, one at £275; four Besident Agents, one at £240, one at £175, two at £150 : total, £1,970. Ten Clerks at Agencies, two at £110, one at £100, one at £85, one at £60, five at £50; total, £715. Head Office : Twenty-seven Clerks, one at £265, one at £260, one at £240, one at £210, two at £200, one at £185, one at £175, two at £170, four at £160, one at £156, three at £150, two at £145, one at £140, two at £125, two at £105, two at £100 ; total, £4,411. Eleven Cadets, two at £90, one at £80, four at £60, three at £50, one at £40 ; total, £690. Extra clerical assistance, £1,500 ; commission, £10,000; medical fees, £5,000; postage and telegrams, £1,800 ; printing, stationery, and advertising, £3,000 ; travelling expenses, agents, &c, £2,000; contingencies (including valuation preliminary expenses), £4,000. Grand total, £38,474 4s. D. M. Luckie.

Authority: Geobge Didsbuey, Government Printer, Wellington.—lBBs.