B— 1 [Pt. IV, Sup. B].

GOVERNMENT LTFE INSURANCE DEPARTMENT— continued. Balance-sheet of the Accident Branch of the Government Insurance Department on 31st December, 1923. Liabilities. £ s. d. Assets. £ s. d. Acoidont Funds, as per Revenue Account 29,088 .14 5 Debentures issued under authority of the Claims admitted (proofs not yet com Finance Act, 1915 .. .. 10,000 0 0 pleted) .. .. .. 12,000 0 0 New Zealand Inscribed Stock — War Commission .. .. .. 417 10 0 Loans .. .. .. .. 100,500 0 0 Premium and other deposits .. .. 443 14 6 New Zealand Inscribed Stock .. 3,000 0 0 Sundry creditors .. .. .. 1,713 18 2 Mortgages on property .. .. 38,805 0 0 Officers' Fidelity Fund .. .. 400 0 0 Overdue interest .. . . Nil. Reserve for unearned premiums .. 15,805 0 0 Outstanding interest due £ s. d. Investment Fluctuation Reserve .. 3,000 0 0 but not overdue .. 105 16 3 Reserve Fund constituted under sec- Interest accrued but not duo 1,620 0 3 tion 20 of the Government Accident 1,725 16 6 Insurance Act, 1908 .. .. 115,019 19 11 Agents' balances .. .. .. 697 8 7 Cash in hand and on current account .. 23,160 11 11 £177,888 17 0 £177,888 17 0 A. T. Traversi, F.1.A., F.C.A.S., 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. STATE FIRE INSURANCE OFFICE. Revenue Account of the State Fire Insurance Office for the Year ended 31st December, 1923. £ s. d. Bonus rebate to policyholders (five £ s. d. Premiums after deduction of reinsurances 154,164 12 0 months) .. .. .. .. 10,996 19 4 Other receipts : Interest, commission, Losses by fire (after deduction of reinsurand rent .. .. .. .. 15,084 10 5 ances) ' .. .. .. .. 46,178 3 0 Appropriated to reserve for unearned premiums (in addition to £57,036 14s. Bd. already reserved) .. .. .. 4,629 2 1 Governmmt taxes .. .. .. 16,922 12 2 Commission.. .. .. .. 8,711 0 1 Salaries .. .. .. .. 18,551 12 5 Contributions to Fire Boards under the Fire Brigades Act, 1908 .. .. 3,620 4 0 Expenses of management—•• £ s. d. Travelling-expenses .. 1,618 17 7 Printing, stationery, and advertising .. .. 1,429 17 7 Rent .. .. .. 1,870 17 7 Exchange .. .. 31 5 4 Postages, telegrams, cablegrams, and sundry charges .. .. 2,368 12 5 7,319 10 6 Office equipment .. .. .. 1,578 14 2 Office premises : Depreciation .. .. 2,863 13 7 121,371 11 10 Reinsurance Reserve Fund .. .. 5,000 0 0 Office premises : Written off .. .. 4,000 0 0 Amount of fire-insurance funds at end of year .. .. .. .. 38,877 10 7 £169,249 2 5 fU^IiTT^o

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