5

H.—B

Balance-sheet of the Government Life Insurance Department on 31st December, 1893. Liabilities. £ s. d. I Assets. £ s. d. Total Assurance, Annuity, and Endow- Loans on policies .. .. 365,075 11 9 ment Funds (as per Revenue Account) 2,128,589 IS 0 Government securities— Claims admitted, proofs not yet com- Consolidated stock ..£680,079 0 0 pleted .. .. .. .. 10,311 7 2 Treasury bills .. 140,000 0 0 Commission .. .. .. 1,394 0 4 Debentures issued under Medical fees .. .. .. 721 7 0 "The Government Premium and other deposits .. .. 2,645 9 5 Loans to Local Bodies Tontine Savings Funds .. .. 4,279 12 5 Act, 1886" .. 10,000 0 0 Reserve for possible depreciation in free- Railway debentures hold and mortgage securities .. 43,000 0 0 (guaranteed by Government) .. .. 79,887 10 0 Debentures issued under " The Native Land Purchases Act, 1892 " 15,000 0 0 Debentures issued under "The Immigration and Public Works Act, 1870" .. 1,929 14 3 926,896 4 3 Municipal Corporation debentures .. 106,220 1 2 County securities .. .. .. 1,000 0 0 ' Otago University debentures .. .. 15,000 0 0 Harbour Board debentures .. .. 34,000 0 0 River Board debentures .. .. 935 0 0 Landed and house property .. .. 115,312 14 9 Office furniture (Head Office and Agencies) 3,699 16 0 Mortgages on property .. .. 498,145 16 6 Properties acquired by foreclosure .. 33,986 611 Overdue premiums on policies in force .. £7,436 4 9 Outstanding premiums duo in December, 1893 28,045 12 2 ■ 35,481 16 11 Interest outstanding .. 2,311 7 1 Interest accrued, but not due .. .. 24,815 16 2 27,127 3 3 Agents'balances .. .. 3,053 12 4 Sundry accounts owing .. .. 1,613 2 11 Cash on current account .. .. 22,794 7 7 £2,190,941 14 4 £2,190,941 14 4 Government Life Insurance Department, 16th March, 1894. Josephus H. Eichardson, Commissioner. W. B. Hudson, Secretary. Audited and found correct. James C. Gavin, Assistant Controller and Auditor.