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Eevenue Account of the Goveenment Life Insueance Depaetment for the Year ended 31st December, 1892. £ s. d. £ s. d. £ s. d. Amount of Funds at 31st December, Death claims under policies, 1891 .. .. .. .. 1,847,796 10 7 Assurance, including bonus Renewal premiums — Assurance, An- additions .. .. .. 84,366 2 0 nuity, and Endowment .. .. 212,436 10 5 Endowment Assurances maNew premiums on 2,615 policies, assuring tured, including bonus ad£642,104, and yielding an annual reve- ditions .. .. .. 22,108 12 7 nue of £19,443 16s. 2d. (including in- Endowments matured .. .. 1,341 0 9 stalments of first year's premium fall- Premiums returned on Ening due in the year) .. .. 18,392 18 2 dowments .. .. .. 49 9 3 Single premiums—Assurance and En- Bonuses surrendered for cash .. 20,137 5 6 dowment .. .. .. .. 2,295 5 9 Annuities .. .. .. 6,253 12 8 Consideration for annuities .. .. 8,840 14 3 Surrenders .. .. .. 21,150 16 3 Interest .. ~ .. .. 100,638 14 11 Loans released by surrender .. 2,001 9 0 Fees .. .. .. .. 12 10 2 Commission, new.. .. .. 11,173 12 7 „ renewal .. .. 1,522 16 5 Property-tax .. .. .. 3,723 19 4 Land-tax .. .. .. 2,137 6 1 Expenses of management,— Salaries—Head Office ..10,534 11 3 „ Branch Offices and Agents.. 4,937 6 7 Extra clerical assistance 1,288 13 6 Medical fees and expenses 3,849 14 4 Travelling-expenses .. 896 4 7 Advertising .. .. 842 5 11 Printing and stationery .. 1,395 10 1 Rent .. .. .. 1,575 2 6 Postage .. .. 1,563 17 1 Telegrams .. .. 419 9 4 Exchange .. .. 283 1 5 Office furniture depreciation 436 6 5 General expenses .. 2,002 13 11 Quinquennial expenses .. 3,084 10 4 Compensation for loss of office .. .. 1,040 1 5 ■ 34,149 8 8 Amount of funds at 31st December, 1892 . .1,980,297 13 2 £2,190,413 4 3 £2,190,413 4 3

Balance-sheet of the Goveenment Life Insurance Depaetment on 31st December, 1892. Liabilities. £ s. a. Assets. £ s. d. Total Assurance, Annuity, and Endow- Loans on policies .. .. .. 333,734 9 7 ment Funds (as per Revenue Account) 1,980,297 13 2 Government securities, — £ a. d. Claims admitted (proofs not yet completed) 20,288 10 0 Consolidated stock .. 681,993 0 0 Annuities .. .. .. .. 27 19 2 Treasury bills .. 140,000 0 0 Commission .. .. .. .. 1,870 15 3 Debentures issued under Medical fees .. .. .. .. 884 2 0 " The Government Premium deposits .. .. .. 2,466 4 8 Loans to Local Bodies Valuation-fee aeposits .. .. .. 1 11 6 Act, 1886 .. .. 10,000 0 0 Fire-insurance ana mortgage moneys in Railway aebentures suspense .. .. .. .. 150 0 0 (guaranteed by GoTontine Savings Funds .. .. 3,245 3 7 vernment) .. 79,850 0 0 Reserve for possible depreciation in free- 911,843 0 0 hold ana mortgage securities .. .. 25,000 0 0 Municipal Corporation debentures .. 105,572 0 0 County securities .. .. .. 1,000 0 0 Otago University debentures .. .. 15,000 0 0 Harbour Board debentures .. .. 19,000 0 0 River Board debentures .. .. 935 0 0 Landed and house property .. .. 101,367 1 2 Office furniture (Head Office and Agencies).. .. .. .. 3,454 18 11 Mortgages on property .. .. 425,647 13 2 Properties acquired by foreclosure .. 37,684 5 8 Overdue premiums on poli- £ s. d. cies in force.. .. 6,421 18 2 Outstanding premiums due in December, 1892 24,862 1 7 ■ ■ 31,283 19 9 Interest outstanding .. 2,171 411 Interest accrued but not due .. .. 22,533 14 6 24,704 19 5 Agents'balances ... .. .. 2,090 5 7 Sundry accounts owing .. .. 1,292 2 4 Cash on current account .. .. 19,622 3 9 £2,034,231 19 4 £2,034,231 19 4 Government Insurance Office, 16th April, 1893. Josephus H. Bichaedson, Commissioner. W. B. Hudson, Secretary. Audited and found correct. James Edwaed EitzGeeald, Controller and Auditor-General.