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Revenue Account of the State Fiee Insueance Office foe the Yeae ended 31st Decembee, 1934. £ s. d. I £ s. d. Premiums after deduction of reinsurances .. 200,580 14 8 Bonus rebate to policyholders .. .. 41,210 12 0 Premium on conversion of securities .. .. 44 11 1 Losses by fire and earthquake (after deduction of Other receipts- £ β-d. reinsurances) 54,750 16 7 Interest, commission, and rent 44,130 17 3 Income-tax .. .. .. 34,929 3 8 Tpwlatidtas 380 9 2 Commission .. .. .. .. H,HSH J.l 4 Less land-tax .. g j 27,352 14 0 Contribution to Public Service Superannuation Fund .. .. .. .. .. 527 1 0 Contribution to Fire Boards under the Fire Brigades Act, 1908 .. .. .. 7,939 19 11 Expenses of management— £ s. d. Travelling-expenses .. .. 4,044 15 6 Printing, stationery, and advertising 1,429 0 4 Rent .. .. .. 1,492 9 8 Exchange . . .. .. 45 11 8 Postages, telegrams, cablegrams, and sundry charges .. 4,932 8 3 11,944 5 5 Office equipment .. .. .. .. 1,574 16 5 Office premises: Depreciation .. .. 2,835 8 4 191,903 8 8 Payment to New Zealand Treasury under section 5, Finance Act, 1931 (No. 2) .. . . .. 871 2 9 Office premises: Written ofl .. .. .. 26,000 0 0 Amount of fire-insurance funds at end of year .. 25,601 2 5 £244,375 13 10 £244,375 13 10 Balance-sheet of the State Fiee Insueance Office on the 31st Decembee, 1934. Liabilities. £ s. d. Assets. ~/„,„ , e « d o Capital authorized by the State Fire £ Government securities 4H,942 16 I Insurance Act, 1908 .. ..100,000 Local-authority securities 158,707 9 1 T o« a nnt rawprf 100,000 Rural Advances bonds .. .. .. 14,i7b 0 U Less not raised *""' NiL Fixed deposits and at short call .. 187,000 0 0 B«rl -TWvt» T?«.fiTvp •• 1,500 0 0 Land and buildings .. .. .. 125,657 10 2 Reserve Fund " '■■ ■■ 16 0 Outstanding premiums 11,440 6 5 Investments Fluctuation Reserve Fund .. 59,000 0 0 Interest accrued but not due .. .. 8,999 311 Reserve for unearned premiums .. .. 104,246 911 Rent accrued or due .. .. 252 4 5 Bonus Rebate Reserve 49,000 0 0 Rent overdue .. .. .. 74 9 3 Reinsurance Reserve Fund .. .. • • 60,000 0 0 Cash in Reserve Bank of New Pr mmm and othe^deposits .. .. 926 19 11 Zealand at Wellington, or in £ d Outstanding fire and earthquake losses .. 5,629 0 0 transit to Wellington 147,288 610 Oovf-rnment taxes •■ •■ 24,774 14 6 Imprest Account balances : Head LndrTcrelitoT I: V. \. ■■ 10,002 19 10 Office and branches .. 589 14 2 Other amounts owing by the Office— £ _ s. d. c it i,vie Reinsurance premiums due . . 7, 946 19 3 Commission .. ■• •• 1,559 19 7 Printing, stationery, and advertising 25 4 6 Postages and sundry charges . . 1, 572 14 6 Fire-insurance funds, as per Revenue Account .. 25,601 2 5 £1,069,127 0 5 £1,069,127 OJS J. H. Jeeeam, General Manager. L. H. Osboen, Deputy General Manager. 31st July, 1935. 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.— J. H. Fowlee, Deputy Controller and Auditor-General.

Approximate Cost of Paper.—Preparation, not given ; printing (1,760 copies), £2 10s.

By Authority: G. H. Lonet, Government Printer, Wellington. —1935.

Price. 3d.]

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