11

H.—B

FOURTH SCHEDULE.

CONSOLIDATED REVENUE ACCOUNT OF THE GOVERNMENT INSURANCE DEPARTMENT, Fob the Period commencing Ist January, 1918, and ending 31st December, 1920. £ s. d. £ s. d. £ s. d. Amount of Funds on ist January, 1918 .. 5,199,320 1 o Death Claims under Policies, Renewal Premiums .. .. .. 1,110,161 14 4 Assurances, including Bonus New Premiums .. .. .. .. 132,749 19 2 Additions .. .. .. 723,916 18 11 Single Premiums .. .. .. 31883 5 i Endowment Assurances maConsideration for Annuities granted .. 56,651 910 tured, including Bonus AdInterest .. .. .. .. 824,194 5 9 ditions .. .. .. .. 535,276 18 5 Endowments matured .. .. 8,343 15' o Premiums returned on Endowments .. .. .. .. 1,147 IX 8 Bonuses surrendered for Cash .. 14,853 10 11 Annuities .. .. .. .. 59,520 11 o Surrenders.. .. .. .. 57,766 15 9 Loans released by Surrender.. .. 90,391 7 8 Commission, New* .. .. 86,130 13 9 Renewal .. 8,698 11 9 94,829 5 6 Land and Income Tax .. .. 40,993 8 o Expenses of Management— Salaries, Head Office .. 62,865 '6 2 Branch Offices and Agents.. .. 28,412 18 4 Extra Clerical Assistance .. 10,312 5 1 Medical Fees and Expenses 17,007 10 10 Travelling-expenses .. 2,098 1 4 Advertising .. .. 1,675 5 8 Printing and Stationery .. 7,293 910 Rent .. .. .. 9,562 16 6 Postage and Telegrams .. 6,466 5 4 Exchange .. .. 171 1 8 General Expenses .. 7,293 9 o Triennial Expenses .. 4,209 13 o 157,368 12 9 Amount of Funds on 31st December, 1920 .. .. .. .. 5,542,551 19 7 £7,326,960 15 2 £y, 326,960 15 2 * Including Agents' allowances VALUATION BALANCE-SHEET OF THE GOVERNMENT INSURANCE DEPARTMENT, As at 31st December, 1920. Dr. £ Cr. £ To Net value of Liabilities (as per Valuation Sum- By Accumulated Funds (as per Consolidated mary) .. .. .... .. 5,303,848 Revenue Account) .. .. .. .. 5,542,552 To Surplus .. .. .. .. .. 238,704 : £5,542,552 £5,542,552 =====