H.—B

Revenue Account of the Government Life Insurance Department foe the Year ended 31st December, 1912. £ s. d. £ b. d. Amount of Funds at Ist January, 1912 4,699,969 11 9 Death claims under polioies, Assurance, Renewal premiums— Assurance, An- including bonus additions .. .. 143,108 5 0 nuity, and Endowment .. .. 322,793 10 4 Endowment Assurances matured, ivNew premiums (including instalments eluding bonus additions .. .. 149,483 14 0 of first year's premiums falling due Endowments matured .. •.. 2,465 18 0 in the year) .. .. .. 26,722 17 11 Premiums returned on endowments .. 49 19 2 Single premiums—Assurance and En- Bonuses surrendered for cash .. 11,883 6 7 dowment .. .. .. 2,072 0 7 Annuities .. .. .. .. 17,318 9 6 Consideration for Annuities .. .. 14,297 12 6 Surrenders .. .. .. 20,808 1 3 Interest .. .. .. .. 224,422 10 3 Loans released by surrender .. .. 33,536 1 3 Fees .. .. .. .. 510 11 Commission, new* .. £20,592 11 11 renewal 2,545 14 6 23,138 6 5 Land and income tax .. .. 15,070 17 9 Expenses of managementSalaries— Head Office ..£17,746 4 4 Branoh offioes and . agents .. .. 7,756 16 3 Extra clerical assistance 193 0 6 Medioal fees and expenses .. .. 5,062 14 11 Travelling-expenses .. 781 19 1 Advertising.. .. 1,047 5 9 Printing and stationery 1,766 16 8 Eent .. .. 2,822 6 6 Postage and telegrams 1,797 14 2 Exchange .. .. 59 18 6 Office-furniture depreciation .. .. 270 9 3 General expenses .. 2,309 14 4 Triennial expenses .. 2,181 7 4 Compensation for loss of office .. .. 483 3 0 r 44,279 10 7 Amount of Funds, 31st December, 1912 4,829,141 4 9 £5,290,283 14 3 £5,290,283 14 3 * Including Agents' allowances. Balance-sheet of the Government Life Insurance Department on 31st Decembeh, 1912. Liabilities. j Assets. £ s. d. I £ s. d. £ s. d. Total Assurance, Annuity, and En- Loans on policies .. .. 808,884 1 9 dowment Funds (as per Revenue Government securities — Aocount) .. .. .. 4,829,141 4 9 Consolidated stock .. 625,900 0 0 Claims admitted, proofs not yet com- Debentures issued pleted .. .. .. .. 29,513 17 5 under the District Annuities .. .. .. .. 336 0 6 j Railways PurchasCommission .. .. .. 318 15 2 i ng Act 1885 ExMedical fees .. .. .. 359 2 0 tension and AmendPremium and other deposits.. .. 3,138 13 6 ment Act, 1886 .. 40,000 0 0 Fire-insurance moneys in suspense .. 295 0 0, Debentures issued Sundry accounts owing .. .. 182 0 1 under the ImmiInvestment Fluctuation Reserve .. 113,663 6 1 gration and Public Works Act, 1870 2,189 6 10 668,08'J 6 10 Municipal Corporation debentures .. 126,518 14-8 Harbour Board debentures .. .. 38,700 0 0 Town Board debentures .. .. 5,950 0 0 Landed and house property .. .. 135,620 13 8 I Landed and house property (leasehold) 965 11 2 J Offioe furniture (Head Office and agenoies) .. .. .. 811 8 0 Mortgages on property .. .. 3,045,274 2 9 Properties acquired by foreclosure .. 1,933 111 Overdue premiums on policies in foroe .. £6,214 10 9 Outstanding premiums due but not overdue.. 36,705 5 11 42,919 16 8 Overdue interest .. £1,537 2 10 Outstanding interest due but not overdue.. 7,901 5 4 Interest aoorued but not due .. .. 58,919 6 8 . 68,357 14 10 Agents'balances .. .. .. 2,444 11 10 Cash in hand and on current account.. 30,478 15 5 £4,976,947 19 6 £4,976,947 19 6 Government Life Insurance Department, 4th April, 1913. J. H. Eichardson, Commissioner. W. B. Hudson, Audited and found correct. Secretary. Robert J. Collins, Controller and Auditor-General.

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