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Revenue Account of the State Fire Insurance Office for the Year ended 31st December, 1944 £ s. d. £ s. d. Premiums after deduction of reinsurances .. 183,826 13 1 Bonus rebate to policyholders .. .. 20,781 10 1 Other receipts— £ s. d. Losses by fire and earthquake (after deduction of Interest, commission, and rent 60,843 16 0 reinsurances) .. .. .. .. 38,110 7 3 Less land and income tax, Income-tax .. . . .. .. 44, 538 2 8 £34,011195. 2d., andnational National and social security tax .. .. 9,621 7 7 and socialsecurity tax, £6,880 40,891 19 2 Commission .. .. .. .. 7,955 16 3 19,951 16 10 Salaries .. .. .. .. 31,004 19 1 Profit on realization of securities .. .. 1,144 6 0 Contribution to Public Service Superannuation Fund .. .. .. .. .. 411 17 9 Contribution to Fire Boards under the Fire Brigades Act, 1908 .. .. .. 16,365 0 4 Expenses of management— £ s. d. Travelling-expenses .. .. 1,137 0 5 Printing, stationery, and advertising .. .. .. 942 8 11 Rent .. .. .. 2,108 16 11 Exchange .. .. .. 44 10 8 Postages, telegrams, cablegrams, and sundry charges.. .. 4,569 6 2 — 8,802 3 . 1 Office equipment .. .. .. .. 142 18 9 Office premises— Depreciation .. .. .. .. 5,075 0 0 182,809 2 10 Written off .. .. .. .. 20,000 0 0 Amount of fire-insurance funds at end of year .. 2,113 13 1 £204,922 15 11 £204,922 15 11 Balance-sheet of the State Fire Insurance Office on the 31st December, 1944 Liabilities £ £ s. d. Assets £ s. d. Capital authorized by the State Fire Government securities .. .. .. 840,356 12 0 Insurance Act, 1908 .. .. 100,000 Local-authority securities .. .. .. 213,760 3 7 Less not raised .. .. .. 100,000 Rural Advances bonds .. .. .. 14,175 0 0 Nil Fixed deposits and at short call .. .. 150 ,000 0 0 Bad Debts Reserve .. .. .. .. 1,500 0 0 Land and buildings .. .. .. .. 191,714 811 Reserve Fund .. .. .. .. 804,902 2 8 Outstanding premiums .. .. .. 13,530 8 8 Investments Fluctuation Reserve Fund .. 85,000 0 0 Interest accrued but not due .. .. .. 10,522 17 2 Reserve for unearned premiums .. .. 112,518 14 10 Rent accrued or due .. .. .. 15.733 11 3 Bonus Rebate Reserve .. .. .. 122,578 17 0 Cash in Reserve Bank of New Reinsurance Reserve Fund .. .. .. 140,000 0 0 Zealand at Wellington, or in £ s. d. Premium and other deposits .. .. .. 1,744 810 transit to Wellington .. 139,620 17 11 Outstanding fire and earthquake losses.. .. 5,656 0 0 Imprest Account balances : Head Government taxes .. .. .. .. 195,576 10 3 Office and branches .. 4,582 6 8 Sundry creditors .. .. .. .. 87,014 12 0 144,203 4 7 Other amounts owing by the Office— £ s. d. Reinsurance premiums due .. 23,004 7 (i Commission.. .. .. 2,101 0 0 Printing, stationery, and advertising .. .. 5 0 0 Postages and sundry charges .. 10,281 0 0 35,391 7 6 Fire-insurance funds, as per Revenue Account .. 2,113 13 1 £1,593,996 6 2 £1,593,996 6 2 R. H. Newbold, General Manager. T. L. Seator, Deputy General Manager. 31st May, 1945. 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.— Cyril G. Collins, Controller and Auditor-General.

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