B. —1 [PT. IV, Sup. B].

24

HUNTER SOLDIERS' ASSISTANCE TRUST ACCOUNT. Revenue Account for the Year ended 31st March, 1924. Expenditure. S s. d. Revenue. £ s. d. To Administration expenses .. .. 44 2 1 By Accrued rents .. .. .. 800 17 1 Rebates granted .. .. .. 0 18 0 "Thirds," "fourths," and "halves" .. 123 7 7 Remissions of rents .. .. .. 110 14 0 Balance of revenue .. .. .. 527 15 5 £806 17 1 £806 17 1 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. . Assets. £ s. d. Capital .. .. .. .. 19,837 3 5 I Land endowed by Sir George Hunter .. 17,800 o o Balance of revenue .. .. .. 527 15 5 Sundry debtors for rents .. .. 416 010 Postponed rent .. .. .. 03 0 0 Cash in Public Account .. .. 2,085 12 0 £20,364 18 10 I £20,364 18 10 J. R. THOMPSON, Under-Secretary. ,1. 11. O'DoNNELL, Chief Accountant. I hereby certify that the Revenue Account and balance-sheet have been duly examined and compared with, the copies of journal entries of the, District Office, Napier, submitted for audit, and correctly state the position as disclosed thereby. The Revenue Account includes rents due for the period Ist duly, 1923, to 30th June, 1924.—G. P. 0. CAMPBELL, Controller and Auditor-General. GOVERNMENT LIFE INSURANCE DEPARTMENT. Revenue Account op the Government Life Insurance Department for the Year ended 31st December, 1923. £ s. d. £ s. d. Amount of Funds at Ist January, 1923 5,922,824 13 4 Death claims under assurance policies, Renewal premiums — Assurance, An- including bonus additions .. 166,657 7 0 nuity, and Endowment .. .. 444,539 7 3 Endowment Assurances matured, inNew premiums (including instalments eluding bonus additions .. .. 229,865 15 0 of first year's premiums falling due Endowments matured .. .. 5,542 15 0 in the year) .. .. .. 42,854 14 I Premiums returned on endowments .. 139 8 3 Single premiums—Assurance and En- Bonuses surrendered for cash .. 2,416 12 5 dowment .. .. .. 1,777 2 4 Annuities .. .. .. 20,630 3 7 Consideration for Annuities .. 10,042 8 9 Surrenders .. .. .. 30,899 14 1 Interest and Kent .. £326,901 5 9 Loans released by surrender .. 43,589 12 9 Less land and income Commission, new* .. £30,501 8 10 tax, £8,098 15s. 4d.; „ renewal 3,148 18 9 property oxpenses, 33,650 7 7 &c, £3,377 10s. 6d. 11,476 5 10 Expenses of management — 315,424 19 11 Salaries— £ s. d. Transfer from Investment Fluctuation Head Office .. 23,05S 12 9 Reserve Account .. .. 75,788 0 0 Branch offices and agents . . 12,499 1 8 Extra clerical assistance .. .. 629 0 8 Medical fees and expenses . . . . 6,225 15 8 Travelling-expenses 562 5 7 Advertising .. 484 0 S Printing and stationery 1,904 13 11 Rent .. ..' 5,236 18 10 Postage and telegrams 1,892 3 I Exchange .. 43 17 8 General expenses .. 3,600 8 4 Triennial expenses .. 1,207 18 2 57,374 17 0 Amount of funds, 31st December, 1923 6,222,484 13 0 £6,813,251 5 8 £6,813,251 5 8 * Including agents' allowances.