H.—l7

1875. NEW ZEALAND.

GOVERNMENT INSURANCE COMMISSIONER, (ANNUAL REPORT OF THE).

Presented to the General Assembly in accordance with section 41 of " The Government Insurance and Annuities Act, 1874."

Sic, — Government Insurance Office, Wellington, 31st July, 1875. In forwarding to you for presentation to the General Assembly my Sixth Report on the business of this Department, it is gratifying to me to be able to report its satisfactory progress. New Business. I subjoin a statement of the particulars of proposals received, and of the number of policies issued during the year ended the 30th ultimo.

The foregoing return shows that the sum of £15,484 7s. Bd., in the shape of New Annual Premiums, has been added during the last year to the gross annual income of the department, exclusive of New Single Premiums, which amount to £7,619 13s. 9d. Claims. The claims, amounting to £12,050 during the year, have been 32 in number, caused by the death of 30 persons. Policies Discontinued. A summary of the policies discontinued since the establishment of the department is given below.

Keceived. Declined, roT Completed. Pol: [oies Issued. Bbanch. AND No. Amount. No. Amount. No. Amount. Insurance Endowment Annuity Industrial 1,855 25 8 90 £ s. d. 649,481 0 0 3,200 0 0 (£1,085 per annum) 9,927 11 0 508 8 1 11 £ s. d. 161,123 0 0 1,200 0 0 (£120 per annum) 1,570 5 0 1,347 17 7 79 £ s. d. 488,358 0 0 2,000 0 0 (£965 per annum) 8,357 6 0 Totals I 163,893 5 0 1,450 1,978 662,608 11 0 528 498,715 6 0 The following is a summary of tl ie particulars of tl ie new business effected: — Branch. No. of Policies. Sum Assured. Single Premiums. Annual Premiums. Insurance Endowment Annuity Industrial 1,347 17 7 79 £ s. d. 488,358 0 0 2,000 0 0 (£965 per annum) 8,357 6 0 £ s. d. 346 11 10 128 16 11 7,144 5 0 £ s. d. 15,034 17 7 82 2 0 83 7 1 284 1 0 Totals 1,450 498,715 6 0 7,619 13 9 15,484 7 8 7,619 13 9 Total EW PbEMIUMS £23,104 1 5

Assurance Bbanch. End i Bh OWMBNT tANCH. Annuity Branch. Industrial Bbanch. ■gj oj °i *sj How Discontinued. l| Sum Annual Assured. Premiums. l| *s Sum Assured Annual Premiums. Amount of I Annuity per Annum. Annual Premiums. Sum Assured. Annual Premiums. £ 24,750 3,300 4,400 5,600 216,750 £ 8. d. 849 2 5 4(5 4 11 162 1 8 141 3 11 6,241 18 1 £ £ s. d. ! £ s. d. £ s. d. £ b. d. £ 8. d. By Death ... „ Expiry ... „ Surrender „ Change ... „ Lapse ... Not taken ... 61 4 12 8 762 i is 100 1,400 4 li" 6 70 19 7 1 ... 50 0 0 21 5* 0 "l 2 99 8 0 152 14 0 3 0 8 6 10 0 Totals ... 847 254,800 7,440 11 0 18 1,500 75 11 1 50 0 0 21 5 0 252 2 0 9 10 8