5

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FOURTH SCHEDULE. CONSOLIDATED REVENUE ACCOUNT OF THE GOVERNMENT INSURANCE DEPARTMENT, Foe the Pebiod commencing Ist January, 1909, and ending 31st December, 1911. £ s. d.\ £ s. d. £ s. d. Amount of tunds on ist January, igog .. 4,264,684 19 2 : Death Claims under Policies, Tontine Savings Fund No. 2, transferred at Assurances, including Bonus maturity .. .. .. .. 18,561 13 9 ■ Additions .. .. 416,239 19 9 Renewal Premiums .. .. .. 936,580 17 4 Endowment Assurances maNew Premiums .. .. .. .. 70,789 16 6 tured, including Bonus AdSingle Premiums .. .. .. 5,020 10 11 ' ditions .. .. .. 327,928 18 o Consideration for Annuities granted .. 47,754 15 10 ! Endowments matured .. 4,970 o o Interest .. .. .. .. 623,409 1 4 \ Premiums returned on EndowFees .. .. .. .. .. 10 o g ments .. .. ... 125 3 9 Bonuses surrendered for Cash 24,711 17 4 Annuities .. .. .. 47,944 9 o Surrenders, Ordinary .. 105,673 15 3 ~ Tontine Policies at maturity of their Tontine Periods 27,000 11 o Loans released by Surrender.. 64,380 4 4 1.018,974 lS 5 Commission, New* .. .. 50,725 10 2 Renewal .. 7,425 10 8 58,15! ° I 0 Land and Income Tax .. .. 39,151 10 7 Expenses of Management— Salaries, Head Office .. 48,752 6 8 Branch Offices and Agents.. .. 22,081 3 4 1 Extra Clerical Assistance .. 629 2 6 Medical Fees .. .. 14,750 3 6 Travelling-expenses .. 2,236 1 5 Advertising .. .. 2,g73 16 11 Printing and Stationery .. 4,502 14 11 Rent .. .. .. 8,236 15 8 Postage and Telegrams .. 4,630 2 8 Exchange .. ' .. 211 o 2 Office Furniture Depreciation 811 7 9 General Expenses .. 7,025 14 8 Triennial Expenses .. 3,724 310 120,564 14 o Investment Reserve Fund .. .. 30,000 o o Amount of Funds on 31st December, I 191 1 .. .. .. .. 4,699,969 11 9 £5,966,811 Is_j7 £5,966,811 15 7 r—i ' — * including Agents' allowances. VALUATION BALANCE-SHEET OF THE ! GOVERNMENT INSURANCE DEPARTMENT, j As at 31st December, 1911, Dr. £ s - d- Or. £ s. d. To Net value of Liabilities (as per Valuation By Accumulated Funds (as per Consolidated Summary) .. .. - - .. 4,483,899 o o Revenue Account) .. .. .. 4,699,969 11 9 To Surplus .. .. .. .. 216,07011 9 £4,699.969 " 9 £4,699,969 11 9