H—B

Revenue Account op the Government Life Insurance Department for the Year ended 31st December, 194? £ £ Amount of funds at Ist January, 1947 .. .. .. 14,110,517 Death claims under assurance policies, including bonus Renewal premiums: Assurance, annuity, and endowment, additions .. .. .. .. .. .. 256,598 less reinsurance premiums .. .. .. .. 1,011,655 Endowment assurances matured, including bonus additions 415,168 New premiums (including instalments of first year's premiums Endowments matured .. .. .. .. .. 13,654 falling due in the year), less reinsurance premiums .. 162,729 Premiums returned on endowments .. .. .. 303 Single premiums: Assurance and endowment .. .. 137,606 Bonuses surrendered for cash .. .. .. .. 3,465 Consideration for annuities .. .. .. .. 59,312 Annuities .. .. .. .. .. .. 43,101 £ Surrenders .. .. .. .. .. .. 70,172 Interest, rent, and other income .. .. 568,488 Loans released by surrender .. .. .. .. 25,713 Less property expenses and war damage insurance Commission— £ premiums .. .. .. .. .. 10,009 New .. .. .. .. .. 105,381 N 558,479 Renewal. .. .. .. .. .. 9,381 114,762 Expenses of management .. .. .. .. 107, 397 Contributions to Public Service Superannuation Fund .. 861 Agents'retiring-allowances .. .. .. .. 2,187 Land and income tax .. .. .. .. 47,323 Property depreciation .. .. .. .. .. 6,630 Reserve for income-tax .. .. .. .. 90,000 Transfer to investment reserve .. .. .. .. 7,401 Amount of funds at 31st December, 1947.. .. .. 14,835,563 £16,040,298 £16,040,298

3