B—l [Pt. IV, BtJ_. B].

27

STATE EIRE INSURANCE OFFlCE— continued. Balance-sheet of the State Fire Insurance Office on the 31st December, 1923, Liabilities. Assets. £ s. d. £ s. d. £ «. d. Government war-loan securities .. .138,324 12 0 Capital authorized by the Other Government securities .. .. 55,550 0 0 State Fire Insurance Local .authority securities .. .. 4,300 0 0 Act, 1908 .. .. 100,000 0 0 Fixed deposits and at short call .. 20,000 0 0 Less not raised .. 100,000 0 0 Mortgages on property .. .. 136 10 0 Nil. £ s. d. Reserve Fund .. .. .. 342,969 13 4 Land and buildings .. 193,054 14 5 Investments Fluctuation Reserve Fund.. 10,000 0 0 Less unpaid purchase - Beserve for unearned premiums .. 61,665 16 9 money .. .. 25,000 0 0 Reinsurance Reserve Fund .. .. 5,000 0 0 108,054 14 5 Premiums and other deposits .. .. 981 19 2 Outstanding premiums .. .. 7,634 9 9 Outstanding fire losses .. .. 5,130 0 0 interest accrued but not due .. .. 2,i81 3 7 Government taxes .. .. .. 16,922 12 2 Rent accrued or due .. .. .. 808 11 5 Interest accrued but not due on unpaid Cash in Bank of New Zeapurchasc money .. .. .. 316 8 9 land at Wellington, or in £ s. d. Other amounts owing by the Office— transit to Wellington .. 96,372 17 5 Reinsurance premiums £ s. d. Imprest Account due .. .. 9,798 5 4 balances— £ s. d. Commission .. .. 1,604 19 9 Head Office 7 4 2 Rent.. .. .. 15 13 5 Auckland .. 34 10 3 Printing, stationery, and Hamilton .. 51 18 10 advertising .. .. 50 8 0 New Ply. Postages and sundry mouth .. 12 16 4 charges . . . . 598 12 2 Pa I merston 12,097 18 8 North .. 145 2 I Fire-insurance funds, as per Revenue Ac- Christchurch 10 16 3 count .. .. .'. .. 38,877 10 7 Dunedin .. 95 16 5 Invercargill 40 16 6 399 0 10 90,771 18 3 £493,961 19 5 £493,961 II) 5 4th April, 1921. J. H. Jerram, General Manager. T hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—G. F. C. Campbell, Controller and Auditor-General. DEPARTMENT OF INDUSTRIES AND COMMERCE. Tradinc and Profit and Loss Account with regard to Sale of Reparation German Dyes for Period Ist January, 1921, to 31st March, 1924. Dr. £ s. d. Or. £ s. d. £ s. d. To Adjusted invoice price, as finally charged By Sales in New Zealand and by British Board of Trade .. .. 1,912 11 2 Australia, and claims Freight on dyes from Germany to Lon- paid by shipping eomdon, and commission paid to Central panics for short deliveries 12,100 I 4 Importing Agency, London .. 501 1 3 Less credits allowed fur Primage (N.Z. Customs Department), overcharges and damaged 1 per cent, on £2,104 .. .. 21 010 goods .. .. 613 18 8 Sundry expenses as under: Charges on 11,486 2 8 dyes in England ; freight to New Zealand, insurance, cartage, repacking, postages, cablegrams, storage : — £ s. d. Paid for financial year ending 31st March, 1922 .. .. 517 15 3 Paid for financial year ending 31st March, 1923 .. .. 15 19 1 533 14 4 Less insurance premium recovered .. 3 12 II 530 1 5 Administrative expenses (charge to cover approximate cost of selling agency and administration thereof), 2. 1 , per cent, on gross sales .. .. .. 302 10 0 Net profit carried down .. .. 8,218 18 0 £11,-18(1 2 8 £11,486 2 8 £ s. d. To Ex gratia payments to British nationals By net profit brought down .. . . 8,218 IS 0 domicilod in New Zealand who sus- £ s. d. lained losses through enemy action . . 7,320 0 2 Balance .. 898 11 10 £8,218 18 0 £8,218 18 0 J. W. Collins, Secretary, Department of Industries and Commerce. I hereby certify that Trading and Profit and Loss Account has been duly examined and compared with the relative books and documents submitted for audit, and correctly states the position as disclosed thereby.—G. F. 0. Campbell, Controller and Auditor-General.