Page image

H.—B

3

Revenue Account of the Government Life Insurance Department for the Year ended 31st December, 1903. £ s. d. I Death olaims under policies, Assurance, £ s. d. Amount of funds at Ist January, 1903 3,382,817 6 8 1 including bonus additions .. .. 117,414 10 0 Renewal premiums — Assurance, An- Endowment Assurances matured, innuity, and Endowment .. .. 276,344 0 9 eluding bonus additions .. .. 75,100 8 0 New premiums (including instalments Endowments matured .. .. 1,923 18 8 of first year's premiums falling due Premiums returned on endowments .. 85 3 8 in the year) .. .. .. 23,462 5 2 Bonuses surrendered for cash .. 12,349 12 6 Single premiums—Assurance and En- Annuities .. .. .. .. 12,236 1 11 dowment .. .. .. 2,558 13 8 Surrenders .. .. .. 31,252 3 2 Consideration for Annuities .. .. 8,657 14 11 Loans released by surrender .. .. 19,050 11 1 Interest .. .. .. .. 152,352 17 2 Commission, new £14,68114 0 Pees . 4 0 6 „ renewal 2,185 7 7 16,867 1 7 Land-and inoome-tax .. .. 9,524 2 8 Expenses of management— Salaries — Head Office .. £11,471 13 11 Branoh offioes and agents .. .. 6,195 9 11 Extra olerical assistance 1,506 9 0 Medical fees and expenses .. .. 4,850 18 4 Travelling-expenses .. 740 1 7 Advertising .. .. 1,202 510 Printing and stationery 1,094 13 8 Rent .. .. 2,175 0 0 Postage .. .. 1,429 10 2 Telegrams .. .. 414 0 6 Exchange .. .. 89 13 7 Office-furniture depreciation .. .. 313 5 0 General expenses .. 2,951 18 0 Triennial expenses .. 3,630 11 8 Compensation for loss of offioe.. .. 266 12 3 38,332 3 5 Amount of funds, 31st Deoember, 1903 3,512,061 2 2 £3,846,196 18 10 £3,846,196 18 10

Balance-sheet of the Government Life Insurance Department on 31st December, 1903. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Total Assurance, Annuity, and En- Loans on policies .. .. .. 618,189 13 9 dowment Funds (as per Revenue Government securities— Account) .. .. .. 3,512,061 2 2 Consolidated stock .. 625,900 0 0 Claims admitted, proofs not yet com- Railway debentures pleted .. .. .. .. 25,719 3 0 (guaranteed by GoAnnuities .. .. .. .. 24 13 11 vernment) .. 40,000 0 0 Commission .. .. .. 64 4 8 Debentures issued Medical fees .. .. .. 489 4 6 under " The ImmiPremium and other deposits.. .. 7,892 13 6 gration and Public Tontine Savings Fund No. 2 .. 7,452 6 9 Works Act, 1870" 2,036 6 7 Investment Fluctuation Reserve .. 56,595 2 8 667,936 6 7 Municipal Corporation debentures .. 100,103 2 4 County securities .. .. .. 722 5 3 Harbour Board debentures .. .. 39,000 0 0 Town Board debentures .. .. 500 0 0 Landed and house property .. .. 123,579 17 8 Office furniture (Head Office and agencies) .. .. .. 2,703 4 10 Mortgages on property .. .. 1,886,573 12 3 Properties acquired by foreclosure .. 1,033 1 2 Overdue premiums on policies in force .. 4,606 0 9 Outstanding premiums due but not overdue.. 36,395 10 7 41,001 11 4 Overdue interest .. 414 13 1 Outstanding interest due but not overdue.. 5,239 4 2 Interest aoorued but not due .. .. 43,108 19 8 48,762 16 11 Agents'balances .. .. .. 3,073 19 7 Sundry accounts owing .. .. 3,630 0 4 Cash in hand and on current account.. 73,488 19 2 £3,610,298 11 2 £3,610,298 11 2 Government Life Insurance Department, 14th March, 1904. J. H. Richardson, Audited and found correct. Commissioner. W. B. Hudson, J. K. Warburton, Secretary. Controller and Auditor-General.

Log in or create a Papers Past website account

Use your Papers Past website account to correct newspaper text.

By creating and using this account you agree to our terms of use.

Log in with RealMe®

If you’ve used a RealMe login somewhere else, you can use it here too. If you don’t already have a username and password, just click Log in and you can choose to create one.


Log in again to continue your work

Your session has expired.

Log in again with RealMe®


Alert