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Revenue Account of the State Fire Insurance Office foe 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 Government 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 6 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, cable ■ grams, and sun d r v charges .. .". 2,368 12 5 ■ — 7,319 10 6 Office equipment .. .. .. 1,578 14 2 Office premises : Depreciation .. .. 2,863 13 7 "• r- - 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 5 £169,249 2 5 Balance-sheet of the State Fire Insurance Office on the 31st December, 1923. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Government war-loan securities .. 138,324 12 0 Capital authorized by the Other Government securities .. .. 55,550 0 0 State Fire Insurance Looal-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 6 Investments Fluctuation Reserve Fund.. 10,000 0 0 Less unpaid purchaseReserve for unearned premiums .. 61,665 16 9 money .. .. 25,000 0 0 Reinsurance Reserve Fund .. .. 5,000 0 0 — 168,054 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 .. .. 2,381 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 Zea-purchase-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.. .. .. 45 13 5 Auckland .. 34 10 3 Printing, stationery, and Hamilton .. 51 18 10 advertising .. .. 5080 New PlyPostages and sundry mouth .. 12 16 4 charges .. .. 598 12 2 Pa 1 nicrston ' — 12,097 18 8 North .. 145 2 1 Fire-insurance funds, as per Revenue Ac- Cbristchurch 10 16 3 count .. .. .. .. 38,877 10 7 Dnnedin .. 95 16 5 Invercargill 40 16 6 399 0 10 96,77.1 18 3 £493,961 19 5 £493,961 19 5 4th April, 1924. J. H. Jerram, General Manager. I 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.

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