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Balance-sheet of the State Fire Insurance Office on the 31st December, 1945 Liabilities £ s. d. Assets £ s. d. Capital authorized by the State Fire £ Government securities .. .. .. .. 914,753 12 0 Insurance Act, 1908 .. .. 100,000 Local-authority securities .. .. .. .. 201,916 16 7 Less not raised .. .. .. 100,000 Rural Advances bonds .. .. .. .. 14,175 0 0 Nil Fixed deposits and at short call .. .. .. 150,000 0 0 JBad debts Reserve . . .. .. .. .. 1,500 0 0 Land and buildings. . .. .. .. .. 167,339 8 11 Reserve Fund .. .. .. .. .. 807,015 15 9 Outstanding premiums .. .. .. .. 15,325 17 8 Investments Fluctuation Reserve Fund .. .. 85,000 0 0 Interest accrued but not due .. .. .. 10,868 0 0 Reserve for unearned premiums .. .. ... 112,518 14 10 Rent accrued or due .. .. .. .. 6,755 14 6 Bonus Rebate Reserve .. .. .. .. 122,578 17 0 Cash in Reserve Bank of New Zealand Reinsurance Reserve Fund .. .. .. .. 140,000 0 0 at Wellington, or in transit to Welling- £ s. d. Premium and other deposits .. .. .. 2,367 11 0 ton .. .. .. .. 132,742 10 6 Outstanding fire and earthquake losses .. .. 7,697 0 0 Imprest Account balances: Head Office Government taxes .. .. .. .. ... 178,755 6 3 and branches .. .. .. 3,889 5 9 Sundry creditors .. .. .. .. 74,902 16 8 136,631 16 3 Other amounts owing by the Office— £ s. d. Reinsurance premiums due .. 39,157 17 7 Commission . . .. .. 2,904 0 0 Printing, stationery, and advertising 327 0 0 i 1 Postages and sundrv charges 10,870 0 0 53,258 17 7 Fire-insurance funds, as per Revenue Account .. .. 32,171 6 10 £1,617,766 5 11 £1,617,766 5 11 31st May, 1946. R. H. Newbold, General Manager. T. L. Seator, 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.— J. P. Rutherford, Controller and Auditor- General. Approximate Cost of Paper.—Preparation, not given ; printing (1,818 copies), £7

By Authority: E. V. Paul, Government Printer, Wellington.— 1946.

Price 3d.]

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