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Eh venue Account of the Goveenment Life Insurance Depaktment for the Year ended 31st December, 1905. £ s. d. Death-claims under policies, Assurance, £ s. d. Amount of Funds at Ist January, 1905 3,665,582 16 11 including bonus additions .. .. 120,690 7 0 Renewal premiums — Assurance, An- Endowment Assurances matured, innuity, and Endowment .. .. 292,052 0 8 oluding bonus additions .. .. 80,516 11 0 New premiums (including instalments Endowments matured .. .. 1,713 7 5 of first year's premiums falling due Premiums returned on endowments .. 64 18 0 in the year) .. .. .. 21,414 0 10 Bonuses surrendered for cash .. 1,568 8 10 Single premiums—Assurance and En- Annuities .. .. .. .. 13,314 10 4 dowment .. .. .. 537 0 0 Surrenders .. .. .. 24,416 0 7 Consideration for Annuities .. .. 7,756 0 6 Loans released by surrender .. .. 20,863 18 1 Interest .. .. .. .. 169,152 17 8 Commission, new £14,962 18 1 Fees . 12 10 8 „ renewal 2,305 12 1 17,268 10 2 Land and Income tax .. .. 9,989 5 5 Expenses of management— Salaries — Head Office .. £12,102 4 8 Branch offioes and agents .. .. 6,613 4 3 Extra clerioal assistance 1,386 13 5 Medical fees and expenses .. .. 4,398 711 Travelling-expenses .. 720 11 6 Advertising.. .. 1,079 18 2 Printing and stationery 1,238 0 7 Bent .. .. 2,485 0 0 Postage .. .. 1,284 1 8 Telegrams .. .. 380 7 8 Exchange .. .. 82 16 7 Office-furniture depreciation .. .. 312 0 3 General expenses .. 3,209 0 5 Triennial expenses .. 1,207 19 6 Compensation for loss ofoffioe.. .. 71 4 9 36,571 11 4 Investment Fluctuation Reserve .. 6,953 3 6 Amount of Funds, 31st December, 1905 3,822,576 15 7 £4,156,507 7 3 £4,156,507 7 3 Balance-sheet of the Goveenment Life Insurance Department on 31st December, 1905. Liabilities. Assets. £ s. d. £ s. d. £ a. d. Total Assurance, Annuity, and En- Loans on policies .. .. ~ 679,493 5 6 dowment Funds (as per Revenue Government securities— Account) .. .. .. 3,822,576 15 7 Consolidated stock .. 625,900 0 0 Claims admitted, proofs not yet com- Railway debentures pleted .. .. .. .. 25,041 12 1 (guaranteed by GoAnnuities .. .. .. .. 83 8 2 vernment) .. 40,000 0 0 Commission .. .. .. 278 17 10 Debentures issued Medical fees .. .. .. 375 18 0 under "The IminiPremium and other deposits.. .. 5,534 8 7 gration and Public Fire-insurance moneys in suspense .. 15 0 0 Works Act, 1870" 2,064 14 5 Tontine Savings Fund No. 2 .. 10,088 18 2 ■ 667,964 14 5 Investment Fluctuation Reserve .. 63,808 19 11 Municipal Corporation debentures .. 114,245 6 4 County securities .. .. .. 588 5 9 Harbour Board debentures .. .. 39,000 0 0 Town Board debentures .. .. 500 0 0 Landed and house property .. .. 122,436 & 11 Office furniture (Head Office and agencies) .. .. .. 2,656 16 3 Mortgages on property .. .. 2,132,039 10 1 Properties acquired by foreclosure* .. 803 14 11 Overdue premiums on policies in force .. 5,724 5 4 Outstanding premiums due but not overdue.. 38,773 6 0 44,497 11 4 Overdue interest .. 684 19 7 Outstanding interest due but not overdue.. 5,924 611 Interest acorued but not due .. .. 46,559 4 6 53,168 11 0 Agents'balances .. .. .. 2,171 4 3 Sundry accounts owing .. .. 624 14 0 Cash in hand and on current account.. 67,613 19 7 £3,927,803 18 4 £3,927,803 18 4 * Sold under agreement for sale and purchase; amount represents balance of purchase-moneys. Government Life Insurance Department, 26th March, 1906. J. H. Eichardson, Commissioner. Audited and found correct. W. B. Hudson, J. K. Warbueton, Secretary J Controller and Auditor-General.