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Revenue Account of the Goveenment Life Insurance Department for the Year ended 31st December, 1917. £ s. d. £ a d. Amount of funds at Ist January, 1917 5,202,898 6 0 Death olaims under polioies, Assuranoe, Renewal premiums — Assuranoe, An- including bonus additions .. .. 263,773 5 6 nuity, and Endowment .. .. 358,857 11 8 Endowment Assurances matured, inNew premiums (including instalments eluding bonus additions .. .. 156,741 13 1 of first year's premiums falling due Endowments matured .. .. 2,863 16 0 in the year) .. .. .. 23,830 4 3 Premiums returned on endowments .. 647 11 9 Single premiums—Assurance and En- Bonuses surrendered for oash .. 1,890 14 5 dowment .. .. .. 1,038 19 0 Annuities .. .. .. .. 18,592 3 2 Consideration for Annuities .. .. 11,224 1 7 Surrenders .. .. .. 14,604 17 8 Interest .. £267,165 3 4 Loans released by surrender.. .. 30,312 9 0 Less land and in- Commission, new* .. £17,880 811 come tax .. 16,838 19 0 . renewal 2,905 6 4 ~ 250,326 4 4 . 20,785 15 3 Expenses of management— Salaries— Head Office .. £15,695 19 4 Branoh offioes and agents .. .. 7,623 9 7 Extra clerioal assistance 1,668 14 3 Medioal fees and expenses .. .. 3,492 i 1 Travelling-expenses .. 704 14 2 Advertising .. .. 411 12 2 Printing and stationery 1,501 4 6 Bent .. .. 2,846 13 11 Postage and telegrams 1,780 11 10 Exohange .. .. 45 8 4 General expenses .. 2,385 010 Triennial expenses .. 783 7 0 38,939 0 0 Investment Fluctuation Reserve .. 99,704 0 0 Amount of funds, 31st December, 1917 5,199,320 1 0 £5,848,175 6 10 £5,848,175 6 10 Including Agents' allowances. Balance-sheet of the Government Life Insurance Department on 31st December, 1917. Liabilities. Assets. _. . . . .. '~ w £ s. d. £ s. d. £ s. d. Total Assurance, Annuity, and En- Loans on policies .. .. 780,976 2 0 dowment Funds (as per Revenue Government securitiesAooount) .. .. .. 5,199,320 1 0 Consolidated stock .. 625,900 0 0 Olaims admitted, proofs not yet com- ,_ „ n „ , Debentures issued P let «? U0 ' I under the District Annuities X ?? }l I Railways PurchasCommiss.on 11 16 8 ing Aot 1885 Ex . Medical fees .. .. .. 216 6 0 tension and AmendPremium and other deposits.. .. 2,847 10 3 ment Act 1886 .. 40,000 0 0 Fire-insurance moneys in suspense .. 600 0 0 Debentures issued Sundry accounts owing .. .. 279 0 0 under the authority Investment Fluctuation Reserve .. 288,825 6 1 of tho Finance Act 1915 .. ..' 40,000 0 0 War bonds issued under the authority of the Finance Act, 1916 .. .. 200,000 0 0 Inscribed stock authorized under the War Purposes Loan Act, 1917 .. .. 150,000 0 0 1,055,900 0 0 Munioipal Corporation debentures .. 117,238 18 2 County securities .. .. .. 9,126 19 11 Harbour Board debentures .. .. 36,900 0 0 Town Board debentures .. .. 25,450 0 0 Road Board debentures .. .. 18,500 0 0 Drainage Board debentures .. .. 2,061 1 4 Landed and house property .. .. 133,120 13 8 Landed and house property (leasehold) 1,776 12 0 Mortgages on property .. .. 3,141,294 4 8 Properties acquired by foreclosure .. 3,222 13 0 Overdue premiums on policies in force .. £4,977 3 5 Outstanding premiums due but not overdue.. 37,813 12 2 42,790 15 7 Overdue interest .. £2,302 18 0 Outstanding interest due but not overdue.. 8,590 12 9 Interest aoorued but not due .. .. 69,827 5 10 80,720 16 7 Agents'balances .. .. .. 3,329 13 11 Cash in hand and on ourrentaccount.. 150,462 0 0 £5,602,870 10 10 £5,602,870 10 10 Government Life Insurance Department, 16th April, 1918. J. H. Richardson, Commissioner. Audited and found correct. W. B. Hudson, Secretary. Robert J. Collins, Controller and Auditor-General.