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Revenue Account of the State Fire Insurance Office for the Year ended 31st December, 1940. £ 8. d, £ s. d. Premiums after deduction of reinsurances .. 218,253 9 0 Bonus rebate to policyholders .. .. 41,921 15 7 Other receipts— £ s. d. Losses by fire and earthquake (after deduction of Interest, commission, and rent 52,354 3 8 reinsurances) .. .. .. .. 31,616 16 9 Lews land and income tax Income-tax.. .. .. .. .. 40,413 12 5 £28,246 11s. Bd. and National and social security tax .. .. 11,406 2 9 national and social security Commission .. .. .. .. 11,102 3 3 tax £8,377 .. .. 36,623 11 8 Salaries .. .. .. .. .. 31,450 10 6 15,730 12 0 Contribution to Public Service Superannuation Fund .. .. .. .. .. 408 13 7 Contribution to Fire Boards under the Fire Brigades Act, 1908 .. .. .. 12,124 13 1 Expenses of management — £ s. d. Travelling-expenses .. .. 2,440 2 11 Printing, stationery, and advertising .. .. ~ 1,456 1 8 Rent .. .. .. 1,679 10 9 Exchange .. .. . . 51 2 6 Postages, telegrams, cablegrams, and sundrv charges .. 4,337 3 4 9, !t()4 7 2 Offioe equipment .. .. .. .. 736 15 2 Office premises : Depreciation .. .. 4,879 9 2 Reserve for unearned premiums .. .. 4,880 4 7 200,905 4 0 Bonus Rebate Reserve .. .. .. 10,078 17 0 Office premises: Written off .. .. .. 23,000 0 0 £233,984 1 0 £233,984 1 0 Balance-sheet of the State Fire Insurance Office on the 31st December, 1940. Liabilities. Assets. £ s. d. Capital authorized by. the State Fire £ £ s. d. Government securities .. .. .. 692,189 12 0 Insurance Act, 1908 .. .. 100,000 Local-authority securities .. .. .. 240,907 17 4 Less not raised .. .. .. 100,000 Rural Advances bonds .. .. .. 14,175 0 0 Nil Fixed deposits and at short call .. .. 130,000 0 0 Bad Debts Reserve .. .. .. .. 1,500 0 0 Land and buildings .. .. .. .. 209,748 12 7 Reserve Fund .. .. .. .. 747,928 16 4 Outstanding premiums .. .. .. 11,551 2 5 Investments Fluctuation Reserve Fund .. 85,000 0 0 Interest accrued but not due .. .. .. 10,545 7 8 Reserve for unearned premiums .. .. 109,126 14 6 Rent accrued or due .. .. .. 3,891 15 10 Bonus Rebate Reserve .. .. .. 122,578 17 0 Rent overdue .. .. .. .. 71 14 7 Reinsurance Reserve Fund .. .. .. 140,000 0 0 Cash in Reserve Bank of New Premium and other deposits .. .. .. 1,558 9 0 Zealand at Wellington, or in £ s. d. Outstanding fire and earthquake losses.. .. 3,509 0 0 transit to Wellington .. 75,905 19 5 Government taxes .. .. ... .. 126,055 6 9 Imprest Account balances: Head Sundry creditors . > .. .. .. 43,803 17 10 Office and branches .. .. 2,656 9 3 Other amounts owing by the Office— £ s. d. 78,562 8 8 Reinsurance premiums due .. 5,323 19 1 Commission .. .. 2,381 13 7 Printing, stationery, and advertising .. .. .. 29 0 8 Postages and sundry charges .. 2,847 16 4 10,582 9 8 £1,391,643 11 1 £1,391,643 11 1 J. H. Jerram, General Manager. 23rd June, 1941. L. H. Osborn, Deputy General Manager. 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. — •C. G. Collins, Controller and Auditor-General.

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