H.—Bd

5

FOURTH SCHEDULE. CONSOLIDATED REVENUE ACCOUNT OF THE GOVERNMENT INSURANCE DEPARTMENT, Fob the Period commencing Ist Januaey, 1903, and ending 31st December, 1905. £ s. d. £ s. d. £ s. d. Amount of Funds on ist January, 1903 .. 3,382,817 6 8 j Death Claims under Policies, Renewal Premiums .. .. --.-. 855,085 3 11 Assurances, including Bonus New Premiums .. .. .. .. 65,794 15 8 : Additions .. .. 379,063 15 9 Single Premiums .. .. .. 4,727 2 10 Endowment Assurances maConsideration for Annuities granted .. 29,685 14 5 tured, including Bonus AdInterest .. .. .. T. 479,701 13 2 ditions .. .. .. 233,685 7 1 Fees .. .. .. .. .. 25 6 7 Endowments matured .. 5,810 o 7 Premiums returned on Endowments .. .. .. 150 1 8 Bonuses surrendered for Cash 17,442 1 5 Annuities .. .. .. 38,292 12 7 Surrenders.. .. .. 80,314 8 2 Loans released by Surrender.. 44,505 17 10 799,264 5 1 Commission, New .. ~ 43,354 9 10 Renewal .. 6,729 15 3 50,084 5 1 Land and Income Tax .. .. 29,268 13 8 Expenses of Management— Salaries, Head Office .. 35,482 12 5 Branch Offices and Agents.. .. 19,185 5 8 Extra Clerical Assistance .. 4,405 2 5 Medical Fees .. .. 13,759 10 4 Travelling Expenses .. 2,091 6 7 Advertising .. .. 3,208 14 11 Printing and Stationery .. 3,459 o 8 Rent .. .. .. 6,905 16 8 Postage .. ... ' .... 3,953 15 n Telegrams ... ... 1,165 l 8 I 0 Exchange .. .. 285 10 2 Office Furniture Depreciation 945 16 4 General Expenses .. 9,057 12 7 Triennial Expenses .. 5,364 7 2 Compensation for loss of Office .. .. .. 419 9 8 109,690 o 4 Investment Reserve Fund .. .. 6,953 3 6 Amount of Funds on 31st December, 19°5 •• •• •• •• 3,822,576 15 7 3 3 £4 ,817,837 3 3 VALUATION BALANCE-SHEET OF THE GOVERNMENT INSURANCE DEPARTMENT, As at 31st December, 1905. Dr - , . . £ s. d. Cr. £ j. d _ To Net value of Liabilities (as per Valuation By Accumulated Funds (as per Consolidated Summary) .. .. .. .. 3,626,695 14 o Revenue Account) .. .. .. 3,822,576 15 7 To Surplus .. .. .. .. 195,881 .17 £3,822,576 15 7 ; £ 3< 822,576 15 7