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H.—6

Balance-sheet of the State Fire Insurance Office on the 31st December, 1924. Liabilities. \ Assets. £ s. d. £ s. d. £ s. d. | Government war-loan securities .. 148,470 17 0 Capital authorized by the j Other Government securities .. .. 65,550 0 0 State Fire Insurance J Local-authority securities .. .. 5,700 0 0 Act, 1908 .. .. 100,000 0 0 I Fixed deposits and at short call .. 30,000 0 0 Less not raised .. 100,000 0 0 £ s. d. —-— Nil. j Land and buildings .. 225,800 2 1 Reserve Fund .. .. .. 381,847 311 J Less mortgages taken Investments Fluctuation Reserve Fund.. 10,000 0 0 ; over on Office preReserve for unearned premiums .. 66,028 0 6 ; mises purchased .. 7,000 0 0 Reinsurance Reserve Fund . . .. 10,000 0 0 J 218,800 2 1 Premiums and other deposits .. ~ 1,068 10 0 j Outstanding premiums .. .. 6,981 16 0 Outstanding fire losses .. .. 3,467 0 0 Interest accrued but not due .. .. 2,493 8 2 Government taxes .. .. .. 14,329 19 1 Rent accrued or due .. .. .. 150 2 5 Sundry creditors .. . . .. 252 15 8 Cash in Bank of New ZeaOther amounts owing by the Office— land at Wellington, or in £ s. d. Reinsurance premiums £ s. d. | transit to Wellington .. 51,803 6 0 due .. .. 9,645 11 6 Imprest Account Commission .. .. 1,614 3 5 i balances— £ s. d. Rent.. .. 34 6 9 : Head Office 41 11 0 Printing, stationery, and Auckland .. 68 9 5 advertising .. .. 17 4 10 Hamilton .. 20 4 9 Postages and sundry N. Plymouth 37 0 3 charges .. .. 847 1 4 Palmerston N. 0 2 2 12,158 7 10 Christchurch 15 15 10 Fire-insurance funds, as per Revenue Ac- Dunedin .. 60 6 6 count .. .. .. .. 31,131 7 4 Invercargill 87 14 2 Napier .. 2 8 7 333 12 8 52,136 18 8 £530,283 4 4 £530,283 4 4 Ist April, 1925. J. H. Jerram, General Manager. C. B. Redward, Accountant. I hereby certify that the Revenue Account and balance-sheet have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby.—6. F. C. Campbell, Controller and Auditor-General.

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