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Revenue Account of the State Fire Insurance Office for the Year ended 31st December, 1929. £ a. d. £ s. d. Premiums after deduction of reinsurances .. 217,990 18 8 Bonus rebate to policyholders .. .. 27,208 18 4 Other receipts —Interest, com- £ a. d. Losses by fire (after deduction of reinsurances) .. 75,316 13 1 mission, and rent .. 43,113 17 11 Appropriated to reserve for unearned premiums Less land-tax .. .. 2,110 0 2 (in addition to £84,653 14s. lOd. already reserved) 2,542 11 10 41,003 17 9 Income-tax .. .. .. .. 15,746 16 3 Commission .. .. .. .. 10,565 19 11 Salaries .. .. .. .. .. 27,781 12 6 Contribution to Public Service Superannuation Fund .. . . .. .. . • 479 14 4 Contributions to Fire Boards under the Fire Brigades Act, 1908 .. .. .. .. 7,709 1 11 Expensea of Management— £ s. d. Travelling-expenses .. . . 1,826 11 3 Printing, stationery, and advertiaing .. .. .. 1,228 210 Rent .. .. .. 1,812 17 2 Exchange .. .. . . 42 5 1 Postages, telegrams, cablegrams, and sundry charges .. 3,358 18 8 8,268 15 0 Office equipment .. .. .. .. 1,784 11 11 Office premises—Depreciation .. .. 3,313 9 1 180,718 4 2 Investments Fluctuation Reserve Fund . . 6,000 0 0 Reinsurance Reserve Fund .. .. . . 10,000 0 0 Bonua Rebate Reserve .. .. . . 1,000 0 0 Office premises—Written off .. .. .. 4,000 0 0 Amount of fire-insurance funds at end of year .. 57,276 12 3 £258,994 16 5 £258,994 16 5 Balance-sheet of the State Fire Insurance Office as on the 31st December, 1929. Liabilities. I Assets. £ s. d. Capital authorized by the State Fire £ £ s. d. Government war-loan securities .. .. 148,146 7 0 Insurance Act, 1908 .. .. 100,000 Other Government securities .. .. 188,150 0 0 Less not raised .. .. .. 100,000 Local-authority securities .. .. .. 110,396 4 4 Nil. Rural Advances bonds .. .. .. 14,175 0 0 Reserve Fund .. .. .. .. 587,117 13 8 Rural Intermediate Credit bonds .. .. 20,000 0 0 Investments Fluctuation Reserve Fund .. 16,000 0 0 Fixed Deposits and at short call .. .. 110,000 0 0 Reserve for unearned premiums .. .. 87,196 6 8 Land and buildings .. .. .. 210,926 4 6 Bonus Rebate Reserve .. .. .. 28,500 0 0 Outstanding premiums .. .. .. 8,877 16 6 Reinsurance Reserve Fund .. .. .. 45,000 0 0 Interest accrued but not due .. .. 9,157 12 8 Premium and other deposits .. .. .. 1,271 3 5 Rent accrued or due .. .. .. 233 1 8 Outstanding fire losses .. .. .. 6,136 0 0 Rent overdue .. . . .. .. 174 16 9 Government taxes .. .. .. .. 15,836 511 Cash in Bank of New Zealand at £ s. d. Sundry creditors .. .. .. .. 6,313 810 Wellington, or in transit to Other amounts owing by the Office — £ s. d. Wellington .. .. .. 41,704 10 9 Reinsurance premiums due .. 8,704 17 0 Imprest Account Commission.. .. .. 1,606 19 10 balances — £ s. d. Rent .. .. .. 29 3 4 Head Office .. 87 0 5 Printing, stationery, and adver- Auckland.. ~ 0 0 2 tising .. .. .. 59 2 J Hamilton.. .. 219 6 Postages and sundry charges .. 1,291 411 i New Plymouth .. 163 14 11 11,637 14 3 ! Palmerston North .. 19 1 1 Fire-insurance funds, as per Revenue Account .. 57,276 12 3 j Napier .. 16 8 6 Nelson .. . . 4 6 4 I Christchurch . . 0 7 1 Timaru .. .. 21 12 9 Dunedin .. 22 19 9 Invercargill . . 5 0 4 343 10 10 42,048 1 7 £862,285 5 0 ! £862,285 5 0 ! .. . . - 2nd April, 1930. J. 11. 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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