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Eevenue Account of the Government Life Insurance Department for the Year ended 31st December, 1895. £ s. d. £ s. d. Amount of Funds at 31st December, 1894 2,264,239 4 11 Death claims under policies, Assurance, Renewal premiums — Assurance, An- including bonus additions .. .. 99,688 19 0 nuity, and Endowment .. .. 230,052 711 Endowment Assurances matured, includNew premiums (including instalments ing bonus additions .. .. 27,063 7 0 of first year's premiums falling due in j Endowments matured .. .. 625 8 0 the year) .. .. .. .. 18,951 13 9 i Premiums returned on endowments .. 23 6 8 Single premiums—Assurance and En- Bonuses surrendered for cash .. .. 2,842 3 7 dowment .. .. .. .. 986 15 8 Annuities .. .. .. .. 8,729 18 4 Consideration for annuities .. .. 16,041 11 2 Surrenders .. .. .. .. 22,282 12 9 Interest .. .. .. .. 119,973 4 5 Loans released by surrender .. .. 9,688 2 7 Fees .. .. .. .. 6 810 Commission, new .. £10,946 6 4 renewal .. 1,597 19 5 12,544 5 9 Land-and income-tax .. .. 6,622 14 7 Expenses of management— Salaries—Head Office £10,010 311 „ Branch Offices and Agents 5,490 4 5 Extra clerical assistance 1,729 7 7 Medical fees and expenses 4,185 12 9 Travelling-expenses 674 2 4 Advertising .. 760 2 11 Printing and stationery 1,139 19 10 Rent .. .. 2,208 4 6 Postage .. .. 1,509 13 7 Telegrams .. .. 524 0 3 Exchange .. .. 70 8 0 Office furniture depreciation .. .. 431 7 11 General expenses .. 2,261 18 11 Triennial expenses .. 300 0 0 31,295 6 11 Amount of funds at 31st December, 1895 .. .. .. 2,428,245 1 6 J £2,650,251 6 8 j 6 8

Balance-sheet of the Goveenment Life Insurance Depaetment on 31st December, 1895. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Total Assurance, Annuity, and Endow- Loans on policies .. .. 441,959 3 9 ment Funds (as per Revenue Account) 2,428,245 1 6 Government securitiesClaims admitted, proofs not yet com- Consolidated stock .. 670,116 0 0 pleted .. .. .. .. 15,243 19 0 Treasury bills .. 140,000 0 0 Commission .. .. 839 2 11 Debenturesissued under Medical fees .. 647 17 0 " The Government Premium and other deposits .. .. 3,256 12 7 Loans to Local Bodies Tontine Savings Funds .. .. 7,957 13 0 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).. .. 79,925 0 0 Debentures issued under " The Native Land Purchases Act, 1892 " 15,000 0 0 Debentures issued under "The Immigration and Public Works Act, 1870" .. 1,947 1 0 916,988 1 0 Municipal Corporation debentures .. 106,691 6 1 County securities .. .. .. 1,000 0 0 Otago University debentures .-. .. 15,000 0 0 Harbour Board debentures .. .. 43,809 210 River Board debentures .. ..- 435 0 0 Town Board debentures .. .. 500 0 0 Landed and house property .. .. 132,586 10 11 Office furniture (Head Office and Agencies) 3,882 11 3 Mortgages on property .. .. 662,314 10 6 Properties acqui)id by foreclosure .. 32,399 19 5 Overdue premiums on policies in force .. £7,359 3 3 Outstanding premiums due in December, 1895 29,166 7 0 ■ 36,525 10 3 Interest outstanding .. 3,476 19 0 Interest accrued, but not due .. .. 28,940 9 3 • 32,417 8 3 Agents'balances .. .. 3,624 9 8 Sundry accounts owing .. .. 1,483 17 1 Cash in hand and on current account .. 67,572 15 0 £2,499,190 6 0 £2,499,190 6 0 Government Life Insurance Department, 21st February, 1896. Josephus H. Richardson, Commissioner. W. B. Hudson, Audited and found correct. Secretary. James Edwaed FjtzGekald, Controller and Auditor-General.

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