H.^B

11

FOURTH SCHEDULE.

CONSOLIDATED REVENUE ACCOUNT OF THE GOVERNMENT INSURANCE DEPARTMENT Foe the Period commencing Ist January, 1921, and ending 31st Decembee, 1923. £ s. d. £ s. d. £ s. d. £ $■ d. Amount of Funds on ist Death Claims under Policies, January, 1921 .. .. .. .. 5,542,551 19 7 Assurances, including Bonus Renewal Premiums .. .. .. 1,291,436 9 7 Additions .. .. .. 53°> 22 5 5 0 New Premiums .. .. .. .. 128,049 o 2 Endowment Assurances maSingle Premiums .. .. .. 3,128 14 4 tured, including Bonus AdConsideration for Annuities ditions .. .. .. .. 634,908 6 o granted .. .. .. .. 31,772 6 10 Endowments matured .. .. 18,386 16 o Interest .. .. 930,284 3 8 Premiums returned on EndowLess Land and Income ments .. .. .. .. 764 910 Tax, £23,406 13s. 2d.; Bonuses surrendered for Cash .. !9,545 ! 7 4 Property Expenses, &c., Annuities .. .. .. .. 62,838 9 4 £12,458 10s. 9d. .. 35,865 3 11 Surrenders.. .. .. .. 87,455 17 3 894,418 19 9 Loans released by Surrender.. .. 107,579 18 7 Defalcation Recovery Account .. .. 267 6 6 Commission, New* .. .. 90,748 19 5 Transfer from Investment Fluctuation Reserve 75,788 00 „ Renewal .. 9,102 16 7 99,851 16 o Expenses of Management— Salaries, Head Office .. 73,459 2 3 „ Branch Offices and Agents.. .. 38,068 2 3 Extra Clerical Assistance .. 2,139 o 4 Medical Fees and Expenses 18,031 17 2 Travelling-expenses .. 2,737 4 6 Advertising .. .. 1,426 17 8 Printing and Stationery .. 6,621 18 1 Rent .. .. .. 13,573 12 9 Postage and Telegrams .. 7,199 15 6 Exchange .. .. 135 16 3 General Expenses .. 12,299 T 5 6 Triennial Expenses .. 5,035 6 o 180,728 8 3 Marryatt Defalcation Account .. 2,643 o 2 Amount of Funds on 31st December, 1923 .. .. .. .. 6,222,484 13 o £7.967,4'2 16 9 £7,967,412 16 9 * Including Agents' allowances. VALUATION BALANCE-SHEET OF THE GOVERNMENT INSURANCE DEPARTMENT, /Is at 31st December, 1923, Dr. £ Cr. • £ To Net value of Liabilities (as per Valuation Sum- By Accumulated Funds (as per Consolidated mary) .. .. .. .. .. 5,886,135 Revenue Account) .. .. .. .. 6,222,485 To Surplus .. .. .. .. .. 336,350 £6,222,485 £6,222,485