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Eevbnub Account of the Government Life Insubance Depaetmbnt for the Year ended 31st December, 1897. £ s. d. £ s. d. Amount of Funds at Ist January, 1897 2,591,342 5 1 Death claims'under policies, Assurance, Renewal premiums — Assurance, An- including bonus additions .. .. 92,706 9 0 nuity, and Endowment .. .. 240,235 410 Endowment Assurances matured, includNew premiums (including instalments ing bonus additions.. .. .. 52,912 17 0 of first year's premiums falling due in Endowments matured .. .. 478 17 5 the year) .. .. .. .. 19,318 8 8 Premiums returned on endowments .. 410 11 Single premiums—Assurance and En- Bonuses surrendered for cash .. .. 16,003 16 4 dowment.. .. .. .. 1,281 11 1 Annuities .. .. .. .. 10,443 10 1 Consideration for Annuities .. .. 8,852 7 7 Surrenders .. .. .. .. 24,559 13 6 Interest .. .. .. .. 128,423 18 4 Loans released by surrender .. .. 8,083 15 11 Fees .. .. .. .. 9 13 11 Commission, new .. £12,648 0 0 renewal .. 1,681 0 8 . 14,329 0 8 Land-and income-tax .. .. 8,015 4 7 Expenses of management— Salaries—Head Office £11,106 010 „ Branch Offices and Agents 6,006 13 4 Extra clerical assistance 1,726 18 0 Medical fees and expenses 4,837 6 0 Travelling-expenses .. 690 12 8 Advertising .. .. 896 0 8 Printing and stationery 1,067 9 7 Eent .. .. .. 2,299 12 4 Postage .. .. 1,900 7 6 Telegrams .. .. 709 5 0 Exchange .. .. 82 13 9 Office furniture depreciation .. .. 390 IS 9 General expenses .. 2,316 5 7 Triennial expenses .. 2,205 12 2 Compensation for loss of office 584 2 8 36,819 15 10 Amount of funds at 31st December, 1897 2,725,105 18 3 £2,989,463 9 6 £2,989,463 9 6

Balance-sheet of the Government Life Insurance Depaetment, on 31st December, 1897. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Total Assurance, Annuity, and Endow- Loans on policies .. .. 499,530 15 £ ment Funds (asper Eevenue Account) 2,725,105 18 3 Government. securities— Claims admitted, proofs not yet com- Consolidated stock .. 625,900 0 0 pleted .. .. ..' .. 19,528 1 9 Treasury bills .. 140,000 0 0 Annuities .. *.. .. .. 69 20 Railway debentures Commission .. .. .. 870 5 6 (guaranteed by GoMedical fees .. .. .. 729 2 5 vernment) .. .. 44,962 10 0 Premium and other deposits .. .. 5,167 4 8 Debentures issued under Fire Insurance moneys in suspense .. 390 0 0 "The Native Land Tontine Savings Funds '.. .. 12,810 10 0 Purchases Act, 1892" 15,000 0 0 Reserve for possible depreciation in Debentures issued under freehold and mortgage securities .. 24,000 0 0 "The Immigration an d Public Works Act, 1870" .. .. 1,966 3 8 — 827,828 13 8 Municipal Corporation debentures .. 106,751 0 7 County securities .. .. .. 1,000 0 0 Harbour Board debentures .. .. 42,991 15 2 River Board debentures . . .. 435 0 0 Town Board debentures .. .. 500 0 0 Landed and house property .. .. 120,396 110 Office furniture (Head Office and Agencies) 3,199 0 1 Mortgages on property .. .. 983,451 IS 7 Properties acquired by foreclosure .. 24,807 9 3 Overdue premiums on policies in force .. £3,989 10 9 Outstanding premiums due but not overdue.. 30,755 4 6 34,744 15 3 Overdue interest .. 481 19 6 Outstanding interest due but not overdue .. 4,043 2 3 Interest accrued but not due .. .. 31,257 3 7 35,782 5 4 Agents'balances .. .. .. 2,496 10 7 Sundry accounts owing .. .. 1,232 11 10 Cash in hand and on current account .. 103,462 6 8 £2,788,670 4 7 £2,788,670 4 7 Government Life Insurance Department, 18th .February, 1898. J. H. Richardson, Commissioner. W. B. Hudson, Secretary. Audited and found correct. J. K. Waebueton, Controller and Auditor-General. Approximate Cost of Paper.— Preparation, not given; printing (1,412 copies), £6 4s. 6d.

Price 6d.\ By Authority: John Maoeay, Government Printer, Wellington.— lB9B,

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