H.—B

Revenue Account of the Government Life Insurance Department for the Year ended 31st December, 1908. £ a. d. Death claims under polioies, Assurance, £ s. d. Amount of Funds at Ist January, 1908 4,147,411 9 6 including bonus additions .. .. 132,427 13 0 Renewal premiums — Assuranoe, An- Endowment Assurances matured, innuity, and Endowment .. .. 304,848 9 0 oluding bonus additions .. .. 97,928 18 0 New premiums (including instalments Endowments matured .. .. 3,900 0 0 of first year's premiums falling due Premiums returned on endowments .. 65 5 4 in the year) .. .. .. 22,600 14 11 Bonuses surrendered for oash .. 2,039 14 10 Single premiums—Assuranoe and En- Annuities .. .. .. .. 15,118 17 2 dowment .. .. .. 3,356 8 11 Surrenders—Ordinary .. .. 33,927 9 8 Consideration for Annuities .. .. 9,755 8 9 . Civil Service polioies reInterest .. .. .. .. 193,869 11 3 linquished in terms of Fees .. .. .. .. 9 17 8 section 14 of " The Public Service Superannuation Act, 1907" .. 25,234 3 0 Loans released by surrender .. .. 18,121 4 11 Commission, new* .. £15,378 18 3 renewal 2,358 13 3 17,737 11 6 Land and Inoome Tax .. .. 11,984 2 0 Expenses of management— Salaries —■ Head Offioe .. £15,801 19 2 Branoh offioes and agents .. .. 6,942 19 0 Extra clerical assistance 303 3 0 Medical fees and expenses .. .. 4,449 810 Travelling-expenses .. 668 3 9 Advertising .. .. 1,022 14 9 Printing and stationery 1,113 15 1 Rent .. .. 2,661 10 11 Postage and telegrams 1,418 4 2 Exchange .. .. 86 1 4 Office-furniture depreciation .. .. 270 9 3 General expenses .. 2,968 5 6 Triennial expenses .. 975 6 8 38,682 1 5 Investment Fluctuation Reserve .. 20,000 0 0 Amount of Funds, 31st Deoember, 1908 4,264,684 19 2 £4,681,852 o_o £4,681,852 0 0 * Including Agents' allowances. Balance-sheet of the Government Life Insurance Department on 31st December, 1908. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Total Assurance, Annuity, and En- Loans on polioies .. .. 730,865 5 10 dowment Funds (as per Revenue Government securitiesAccount) .. .. .. 4,264,684 19 2 Consolidated stock .. 625,900 0 0 Claims admitted, proofs not yet com- Railway debentures pleted .. .. .. .. 30,292 7 1 (guaranteed by GoAnnuities .. .. .. .. 249 0 2 vernment) .. 40,000 0 0 Commission .. .. .. 353 5 8 Debentures issued Medical fees .. .. .. 491 8 0 under " The ImmiPremium and other deposits.. .. 5,355 14 11 gration and Publio Tontine Savings Fund No. 2 .. 14,757 10 8 Works Act, 1870" 2,112 18 5 Investment Fluctuation Reserve .. 83,663 6 1 668,012 18 5 Municipal Corporation debentures .. 137,947 12 1 County securities .. .. .. 360 15 6 Harbour Board debentures .. .. 39,000 0 0 Town Board debentures .. .. 2,200 0 0 Landed and house property .. .. 124,325 1 2. Office furniture (Head Offioe and agenoies) .. .. .. 1,893 5 0 Mortgages on property .. .. 2,571,865 1 11 Properties acquired by foreclosure .. Nil. Overdue premiums on policies in force .. 5,468 5 8 Outstanding premiums due but not overdue.. 37,840 4 5 43,308 10 I. Overdue interest .. 1,013 19 11 Outstanding interest due but not overdue.. 7,044 4 2 Interest aeorued but not due .. .. 51,485 4 6 59,543 8 7 Agents'balances .. .. .. 2,641 18 9 Sundry aooounts owing .. ... 595 12 3 Cash in hand and on current aocount.. 17,288 2 2: £4,399,847 11 9 £4,399,847 11 9 Government Life Insurance Department, 12th February, 1909. J. H. Eichaedson, Commissioner. W. B. Hudson, Secretary. Audited and found correct. J. K. Wabbueton, Controller and Auditor-General. Inset—H. 8.

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