H—l2

ANNUAL REPORT.

Eevenue Account of the Government Life Insurance Department (Industrial Branch), for the Year ended 31st December, 1886. £ s. a.! £ s. a. Amount of funds at beginning of year .. 2,057 15 10 Claims under policies .. .. .. 493 4 0 Premiums .. .. .. ..1,476 18 8 I Surrenders .. .. .. ..2,174 1111 Interest, &o. .. .. .. .. 70 15 2 Commission renewal .. .. .. 358 3 6 Pees 011 6 Expenses of Management— Salaries .. .. £240 5 8 General expenses.. .. 11 8 0 Aeency-closing expenses .. 304 10 0 556 3 8 Funds at 31st December, 1886 .. 23 18 1 £3,606 1 2 £3,606 1 2 Government Insurance Office, Wellington, 31st March, 1887. D. M. Luckie, Commissioner. Audited and found correct.—James Edward FitzGerald, Controller and Auditor-General.

Balance-sheet of the Government Life Insurance Department (Industrial Branch) at 31st December, 1886. Liabilities. £ s. d. i Assets. £ s. d. Assurance funds .. .. .. 23 18 1 Agents' balances .. .. • • 86 17 1 Ordinary Branch .. .. .. 130 3 8 Cash on hand .. .. .. ■ • t>7 4 a £154 1 9 £154 1 0 Government Insurance Office, Wellington, 31st March, 1887. D. M. Luckie, Commissioner. Audited and found correct.—-James Edward FitzGerald, Controller and Auditor-General.

2—H. 12.

9