8.-l [Pt. IV, Sup. B].

25

GOVERNMENT LIFR INSURANCE DEPARTMENT— continued-. Ralance-sheet of the Government Life Insurance Department on 31st December, 1923. Liabilities. A ssets. £ s. d. £ s. d. £ s d. Total Assurance, Annuity, and En- Loans on policies .. .. 874,656 18 1 dowment Funds (as per Revenue Government securiAccount) .. .. .. 6,222,484 13 0 tiesClaims admitted, proofs not yet com- Consolidated stock 625,900 0 0 pleted .. ..' .. 45,212 3 0 Debentures issued Annuities . . .. .. 548 12 0 undor the auCommission .. .. .. 2,200 16 5 thorityofthe.FiMedieal fees .. .. .. 490 7 0 nance Act, 1915 40,000 0 0 Premium and other deposits .. 6,924 11 9 New Zealand InSundry creditors .. .. .. 3,782 8 8 scribed Stock — Officers'Fidelity Fund .. .. 1.200 0 0 War Loans .. 1,204,370 0 0 Investment Fluctuation Reserve .. 207,024 (i 0 New Zealand Inscribed Stock— FinanceAct,l9l9 50,000 0 0 New Zealand Inscribed Stock —• Discharged Soldiers Settlement Loan .. 110,000 0 0 New Zealand Inscribed Stock issued under the Aid to Public Works and Land Settlement Act, 1921 .. 150,000 0 0 2,180,270 0 0 Municipal Corporation debentures .. 149,256 4 4 County securities .. .. 17,31218 8 Harbour Board debentures .. 33,100 0 0 Town Board debentures .. .. 29,186 4 8 Road Board debentures .. .. 21,800 0 0 Drainage Board debentures .. 1,945 10 0 Landed and house property .. 134,089 11 10 Landed and house property (leasehold) 1,579 4 0 Mortgages on property .. .. 2,674,830 14 8 Properties acquired by foreclosure .. 6,462 10 8 Overdue premiums on £ s. d. policies in force .. 7,496 17 7 Outstanding premiums due but not overdue 43,625 4 2 51,122 1 9 Overdue interest .. 8,067 5 5 Outstanding interest due but not overdue 7,634 13 6 Interest accrued but not due .. .. 79,870 5 8 95,572. 4 7 Agents' balances .. .. .. 10,198 18 11 Sundry debtors .. .. .. 3,343 3 6 Cash in hand and on current account (held against definite commitments) 205,141 12 2 £6,489,867 17 10 £6,489,867 17 10 A. T. Traversi, F.1.A., Commissioner. G. A. Kennedy, Secretary. The Audit Office, having examined the Revenue Account and balance-sheet, and compared them with the relative books, documents, and securities, hereby certifies them to be in accordance therewith. -G. F. C. Campbell, Controller and Auditor-General. Revenue Account of the Accident Branch of the Government Insurance Department for the Year ended 31st December, 1923. £ s. d. £ s. d. Amount of Accident Funds, Ist January, Claims .. .. .. .. 22,401 14 7 1923 .. .. .. .. 21,068 15 5 Commission .. .. .. 4,548 7 6 Premiums .. .. £35,559 11 10 Salaries .. .. .. 3,940 0 0 Less reinsurance pre- Expenses of management .. .. 1,689 911 miums .. .. 291 19 3 Further appropriation to Reserve for un35,267 12 7 earned premiums .. .. .. 876 0 0 Interest .. .> 7,718 11 9 Amount of Accident Funds, 31st DecemLees land and income ber, 1923 .. .. .. .. 29,088 14 5 tax .. .. 1,510 13 4 6,207 18 5 £62,544 6 5 £62,544 6 5

4 —R. 1 [Pt. IV, Sur. B],