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Revenue Account of the Government Life Insurance Department for the Year ended 31st December, 1902. £ s. d. Death claims under polioiee, Assurance, £ a. d. Amount of funds at Ist January, 1902 8,285,415 12 9 ! including bonus additions .. .. 121,882 18 0 Renewal premiums — Assurance, An- Endowment Assurances matured, innuity, and Endowment .. .. 271,173 18 9 oluding bonus additions .. .. 87,704 13 0 New premiums (including instalments Endowments matured .. .. 1,586 4 3 of first year's premiums falling due Premiums returned on endowments .. 16 0 0 in the year) .. .. .. 21,068 1110 Bonuses surrendered for cash .. 2,141 11 5 Single premiums—Assuranoe and En- Annuities .. .. .. .. 11,817 15 11 dowment .. .. .. 1,939 14 0 i Surrenders .. .. .. 24,151 16 1 Consideration for Annuities .. .. 9,664 6 4 Loans released by surrender.. .. 21,967 3 3 Interest .. .. .. .. 147,485 12 3 Commission, new ..£12,785 15 10 Fees .. .. .. .. 16 2 3 ! . renewal .. 2,130 010 14,915 16 8 Land-and inoome-tax .. .. 8,811 4 10 Expenses of management— Salaries — HeadOffioe ..£11,268 6 0 Branch offioes and agents .. .. 5,982 7 1 Extra clerical assistance 1,924 7 1 Medical fees and expenses .. .. 5,040 4 9 Travelling-expenses .. 664 14 10 Advertising.. .. 1,202 18 3 Printing and stationery L,143 16 0 Bent .. .. 2,175 0 0 Postage .. .. 1,197 14 2 Telegrams .. .. 387 16 9 Exohange .. .. 82 17 5 Office-furniture depreoiation .. .. 301 711 General expenses .. 2,880 8 4 Triennial expenses .. 1,736 5 0 Compensation for loss ofoffioe.. .. 180 0 0 ■ 36,168 3 7 Investment Fluctuation Reserve .. 22,783 9 6 ! Amount of funds, 31st December, 1902 3,382,817 6 8 £3,736,763 18 2 - £3,736,763 18 2 Balance-sheet of the Government Life Insurance Department on 31st December, 1902. Liabilities. Assets. £ s. d. £ s. d. £ s d Total Assurance, Annuity, and En- Loans on policies .. .. .. 007,588 6 7 dowment Funds (as per Revenue Government securitiesAccount) .. .. .. 3,382,817 6 8 Consolidated stock .. 625,900 0 0 Claims admitted, proofs not yet com- Railway debentures pleted •• •• •• .. 21,450 11 2 (guaranteed by GoAnnuities .. .. .. .. 7 0 3 vernment) .. 40,000 0 0 Commission .. .. .. 470 8 2 Debentures issued Medical fees .. .. .. 660 9 0 under " The ImmiPremium and other deposits.. .. 5,69316 0 gration and Public Fire-insurance moneys in suspense .. 200 0 0 Works Act, 1870" 2,023 3 0 Tontine Savings Fund No. 2 .. 6,239 2 8 Advance on hypotheInvestment Fluctuation Reserve .. 56,595 2 8 cation of Debentures issued under " The Government Accident Insuranoe Act, 1899" .. 1,000 0 0 668,923 3 0 Municipal Corporation debentures .. 90,893 17 11 County securities .. .. .. 784 9 6 Harbour Board debentures .. .. 39,000 0 0 Town Board debentures .. .. 500 0 0 Landed and house property .. .. 123,575 4 10 Office furniture (Head Office and agencies) .. .. .. 2,870 1 7 Mortgages on property .. .. 1,808,682 14 0 Properties acquired by foreclosure .. 1,832 8 1 Overdue premiums on polioies in foroe .. 6,046 14 10 Outstanding premiums due but not overdue.. 33,201 1 0 39,247 15 10 Overdue interest .. 400 1 7 Outstanding interest due but not overdue.. 5,574 14 2 Interest aoorued but not due .. .. 42,518 8 1 ■ 48,493 310 Agents'balances .. .. .. 4,174 17 3 Sundry accounts owing .. .. 4,122 11 6 Cash in hand and on ourrent aocount.. 33,445 2 8 £3,474,133 16 7 £3,474,133 16 7 Government Life Insurance Department, 31st March, 1903. J. H. Eichardson, Audited and found correct. Commissioner. J. K. Waeburton, W. B. Hudson, Controller and Auditor-General. Secretary.

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