tt.—B

Balance-sheet of the Government Life Insurance Department on 31st December, 1925. Liabilities. Assets. £ s. d. £ s. d. £ s d. Total Assurance, Annuity, and En- Loans on policies .. .. .. 915,231 1 0 dowment Funds (as per Revenue Government securiAceount) .. .. .. 6,731,117 18 10 tiesClaims admitted, proofs not yet com- Consolidated stock 625,900 0 0 pleted .. .. .. 46,194. 6 8 Debentures issued Annuities .. .. .. 458 14 0 under the auCommission .. .. .. 1,504 5 5 thority of the FiMedical fees .. .. .. 520 16 0 nance Act, 1915 40,000 0 0 Premium and other deposits .. 4,619 10 2 New Zealand InSundry creditors .. .. .. 3,450 16 3 scribed Stock — Accident and Fidelity Fund .. 2,040 0 0 War Loans .. 1,200,570 0 0 Investment Fluctuation Reserve .. 204,322 12 7 New Zealand Inscribed Stock—• Finance Act, 1919 50,000 0 0 New Zealand Inscribed Stock —• Discharged Soldiers Settlement Loan .. 110,000 0 0 New Zealand Inscribed Stock issued under the Aid to Public Works and Land Settlement Act, 1921 .. 150,000 0 0 2,176,470 0 0 Municipal Corporation debentures .. 217,460 13 7 County securities .. .. .. 53,973 19 11 Harbour Board debentures .. 31,300 0 0 Town Board debentures .. .. 38,024 0 7 Road Board debentures .. .. 21,800 0 0 Drainage Board debentures .. 1,898 14 11 Power Board debentures .. .. 692,389 1 7 Landed and house property .. 130,868 4 2 Landed and house property (leasehold) 1,505 15 3 Mortgages on property .. .. 2,520,340 0 9 Properties acquired by foreclosure .. 11,800 15 9 Overdue premiums on £ s. d. policies in force .. 8,106 7 4 | Outstanding premiums due but not overdue 48,901 13 6 — 57,008 0 10 Overdue interest .. 4,298 11 9 Outstanding interest due but not overdue 7,295 8 6 Interest accrued but not due .. 88,126 2 4 99,720 2 7 Agents'balances .. .. .. 4,279 16 3 Sundry debtors .. .. 1,974 0 10 Cash in hand and on current account 18,184 11 11 £6,994,228 19 11 £6,994,228 19 11 A. T. Traversi, F.1.A., F.C.A.S., Commissioner. C. Gostelow, F.1.A., Actuary aid Secretary. Government Life Insurance Department, 22nd April, 1926. The Audit Office, having examined the Revenue Account and Balance-sheet, and compared them with the relative books, documents, and securities, hereby certifies them to be in accordance therewith. G. F. C. Campbell, Controller and Auditor-General.

2—H. 8.

3