FT.—6.

STATE FIRE INSURANCE OFFICE. Revenue Account of the State Fire Insurance Office for the Year ended 31st December, 1927. £ s. d. £ s. d. Premiums after deduction of reinsurances .. 207,610 19 0 Bonus rebate to policyholders .. .. 25,765 7 1 Other receipts—lnterest, commission, and rent.. 35,884 19 8 Losses by fire (after deduction of reinsurances) .. 98,134 13 6 Appropriated to reserve for unearned premiums (in addition to £78,988 12s. already reserved).. 4,055 15 8 Government taxes .. .. .. .. 11,957 13 3 Commission .. .. .. .. 10,331 13 1 Salaries .. .. .. .. .. 27,044 5 4 Contribution to Public Service Superannuation Fund .. .. .. .. .. 334 13 2 Contributions to Fire Boards under the Fire Brigades Act, 1908 .. .. .. .. 6,903 16 6 Expenses of management— £ s. d. Travelling-expenses .. 2,072 2 1 Printing, stationery, and advertising .. .. .. 1,397 17 5 Rent .. .. .. 1,960 17 6 Exchange .. .. .. 37 13 11 Postages, telegrams, cablegrams, and sundry charges .. 2,991 12 2 8,460 3 1 Office equipment .. .. .. .. 803 14 4 Office premises—Depreciation .. .. 3,320 17 2 197,112 12 2 Reinsurance Reserve Fund .. .. .. 5,000 0 0 Bonus Rebate Reserve .. .. .. 1,500 0 0 Office premises—Written off .. .. .. 4,000 0 0 Amount of fire-insurance funds at end of year .. 35,883 6 6 £243,495 18 8 £243,495 18 8 Balance-sheet of the State Fire Insurance Office on the 31st December, 1927. Liabilities. Assets. £ £ s. d. £ s. d. Capital authorized by the State Fire Government war-loan securities .. .. 148,146 7 0 Insurance Act, 1908 .. .. 100,000 Other Government securities .. .. 88,150 0 0 Less not raised .. .. .. 100,000 Local-authority securities .. .. .. 87,69644 Nil. Fixed deposits and at short call .. .. 75,000 0 0 Reserve Fund .. .. .. .. 489,633 13 5 Land and buildings .. .. .. 216.610 210 Investments Fluctuation Reserve Fund .. 10,000 0 0 Outstanding premiums .. .. .. 8,195 1 8 Reserve .'or unearned premiums .. .. 83,044 7 8 Interest accrued but not due. . .. .. 5,376 1 5 Bonus Rebate Reserve .. .. .. 26,500 0 0 Rent accrued or due .. .. .. 242 19 6 Reinsurance Reserve Fund .. .. .. 25,000 0 0 Sundry debtors .. .. .. .. 1,725 16 1 Premium and other deposits .. . . . . 1,159 1 5 Cash in Bank of New Zealand at Outstanding fire losses .. .. .. 11,975 0 0 Wellington, or in transit to Government taxes .. .. .. .. 11,957 13 3 Wellington .. .. .. 76,347 11 5 Sundry creditors .. .. .. .. 142 5 6 Imprest Account Other amounts owing by the balances— £ s. d. Office — £ s. d. Head Office .. 61 0 4 Reinsurance premiums due .. 9,827 411 Auckland .. ..048 Commission .. .. 1,743 0 1 Hamilton .. ..863 Rent.. .. .. .. 37 17 5 New Plymouth ..65 1 10 Printing, stationery, and adver- Palmerston North .. 313 8 tising .. .. .. 20 12 9 Napier .. .. 28 9 I Postages and sundry charges .. 901 19 11 Nelson .. .. 217 10 — 12,530 15 1 Christchurch ..22 2 11 Fire-insurance funds, as per Revenue Account .. 35,883 6 6 Timaru .. .. 218 5 1 hlliedin .. . . 48 5 4 Invercargill .. 92 18 3 — 335 18 7 76,683 10 0 £707,826 2 10 £707,826 2 10 19th March, 1928. 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 relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—G. F. C. -Campbell, Controller and Auditor-General.

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