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Revenue Account op the State Fire Insurance Office for the Year ended 31st December, 1920. £ s. d. £ s. d. Premiums after deduction of reinsurances 124 ,538 2 0 ' Losses by lire (after deduction of reinsurOther receipts— ances) .. .. .. .. 21,181 11 4 Interest, commission, £ s. d. : Appropriated to reserve for unearned preain 1 rent .. .. 11,10112 2 miums (in addition to £40,305 10s. 4d. Conscience-money .. 30 0 0 already reserved) .. .. .. 9,509 14 0 11,131 12 2 Government taxes .. .. .. 15,567 3 0 Commission.. .. .. .. 9,401 16 0 Salaries and cost-of-living bonus . . 18,708 12 11 Contributions to Fire Boards under the Fire Brigades Act, 1908 .. .. 2,697 1 1 Expenses of management— £ s. d. Travelling-expenses .. 2,161 7 3 Printing, stationery, and advertising .. 1,986 16 5 Rent .. .. 1,193 11 7 Exchange .. .. 29 6 5 Postages, telegrams, cablegrams, and sundry charges .. 2,369 4 0 7,740 5 8 Investments Fluctuation Reserve Fund 3.000 0 0 Office premises and equipment written off 653 7 9 Amount of fire-insurance funds at end of year .. .. .. .. 47,210 1 11 £135,669 14 2 £135,669 14 2 21st February, 1921. C. R. C. Robieson, General Manager. Examined and found correct. —R. J. Collins, Controller and Auditor-General.

Balance-sheet of the State Fire Insurance Office on the 31st December, 1920. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Government war-loan securities .. 138,324 12 0 Capital authorized by the Other Government securities .. .. 57,050 0 0 State Fire Insurance Local-authority securities .. .. 2,500 0 0 Act, 1908 .. .. 100,000 0 0 Fixed deposits and at short call .. 35,000 0 0 Less not raised .. 100,000 0 0 Mortgages on property .. .. 3,114 0 0 Nil. Freehold land and build- £ s. d. Reserve Fund .. .. .. 202,032 0 4 \ ings .. .. 67,969 7 1 Reserve for bonus to policyholders .. 8,000 0 0 Less mortgages taken Investments Fluctuation Reserve Fund.. 9,000 0 0 over on office preReservo for unearned premiums .. 49,815 410 mises purchased .. 6,225 0 0 Premiums and other deposits .. .. SSS 11 7 61,744 7 1 Outstanding fire losses .. .. 440 0 0 Office equipment .. .. .. 1,069 10 0 Government taxes .. .. .. 17,510 1 0 Outstanding premiums .. .. 8,277 10 9 Interest accrued but not due on mortgages 64 3 3 Interest accrued but not due .. .. 2,485 110 Other amounts owing by the Office— Rent accrued or due .. .. .. 16 15 2 Reinsurance premiums £ s. d. Cash in Bank of New Zeadue .. .. 11,046 5 7 land at Wellington, or in £ s. d. Commission.. .. 1,746 12 10 transit to Wellington.. 38,089 6 7 Rent .. . . 255 9 7 Imprest Account balances— Printing, stationery, £ s. d. and advertising .. 49 8 0 Head Office 262 17 9 Postages and sundry Auckland . . 246 17 2 charges .. .. 329 410 Christchurch 82 1 11 13,427 010 Dunedin .. 39 19 4 Fire - insurance funds, as per Revenue Palmerston Account .. .. .. .. 47,210 1 11 North .. 23 14 3 New Plymonth .. 63 3 11 718 14 4 38,808 0 11 £348,390 3 9 £348,390 3 9 21st February, 1921. C. R. C. Robieson, General Manager. Examined and found correct.—R. J. Collins, Controller and Auditor-General.

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