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Revenue Account of the Government Life Insurance Department for the Year ended 31st December, 1899. £ a. d. £ a. d. Amount of funds at Ist January, 1899 2,861,534 910 Death claims under policies, Assurance, Renewal premiums — Assuranoe, An- including bonus additions.. .. 95,322 5 0 nuity, and Endowment .. .. 253,429 19 4 Endowment Assurances matured, inNew premiums (including instalments oluding bonus additions .. .. 65,074 10 0 of first year's premiums falling due Endowments matured .. .. 1,672 7 11 in the year) .. .. .. 22,222 10 9 Premiums returned on endowments .. 11 9 10 Single premiums—Assurance and En- Bonuses surrendered for cash .. 1,354 17 10 dowment .. .. .. 1,702 4 5 Annuities .. .. .. .. 10,823 8 11 Consideration for Annuities .. .. 10,746 0 1 Surrenders.. .. .. .. 18,937 3 7 Interest .. .. .. .. 133,465 12 7 ' Loans released by surrender.. .. 18,187 311 Pees .. .. .. .. 2 13 11 i Commission, new ..£12,605 17 2 „ renewal .. 1,945 5 0 14,551 2 2 Land-and income-tax .. .. 9,284 13 0 Expenses of management— S £L 1 d r i s Head Offioe .. £11,533 7 5 Branch offices and agents .. .. 6,417 15 11 Extra clerical assistance 1,480 0 0 Medical fees and expenses .. .. 5,008 0 7 Travelling-expenses .. 1,014 9 8 Advertising .. .. 877 0 10 Printing and stationery 1,104 11 8 Rent .. .. 2,290 6 8 Postage .. .. 1,546 18 1 Telegrams .. .. 451 17 11 Exchange .. .. 90 2 1 Office furniture depreciation .. .. 362 11 10 General expenses .. 2,068 18 8 Triennial expenses .. 1,557 7 1 35,803 8 5 Investment Fluctuation Reserve .. 14,400 0 0 Amount of funds, 31st December, 1899 2,997,681 0 4 £3,283,103 10 11 £3,283,103 10 11

Balance-sheet of the Government Life ' Insurance Department on 31st December, 1899. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Total Assurance, Annuity, and En- Loans on policies .. .. .. 559,561 12 7 dowment Funds (as per Revenue Government securities — Account) .. .. .. 2,997,681 0 4 Consolidated stock .. 625,900 0 0 Claims admitted, proofs not yet com- Treasury bills .. 120,000 0 0 pleted .. .. .. .. 15,353 8 0 Railway debentures Annuities .. .. .. .. 15 1 1 (guaranteed by GoCommission .. .. .. 522 4 1 vernment) .. 40,000 0 0 Medical fees .. .. .. 528 3 0 Debentures issued Premium and other deposits.. .. 3,146 17 7 under "The Immi-Fire-insurance moneys in suspense .. 50 0 0 gration and Public Tontine Savings Funds .. .. 17,987 6 8 Works Act, 1870" 1,987 5 11 Investment Fluctuation Reserve* .. 36,296 19 7 787,887 511 Municipal Corporation debentures .. 98,410 15 1 County securities .. .. .. 1,000 0 0 Harbour Board debentures .. .. 39,000 0 0 Town Board debentures .. .. 500 0 0 Landed and house property .. .. 122,650 0 2 Office furniture (Head Office and agencies) .. .. .. 2,946 18 8 Mortgages on property .. .. 1,333,377 13 4 Properties acquired by foreclosure .. 6,225 10 0 Overdue premiums on policies in force .. 6,157 19 0 Outstanding premiums due but not overdue.. 32,914 17 10 — 39,072 16 10 Overdue interest .. 605 2 5 Outstanding interest due but not overdue.. 4,370 14 7 Interest acorued but not due .. .. 37,786 2 5 42,761 19 5 Agents'balances .. .. .. 3,572 7 i Sundry aocounts owing .. .. 1,078 16 6 Cash in hand and on current account.. 33,535 4 6 £3,071,581 0 4 £3,071,581 0 4 Government Life Insurance Department, 11th May, 1900. J. H. Richardson, Commissioner. W. B. Hudson, Audited and found correct. Secretary. J. K. Warburton, Controller and Auditor-General.

* Including Reserve for possible depreciation in freehold and mortgage securities.

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