3

H.—B

Balance-sheet of the Goveenment Life Insurance Department on 31st December, 1923. Liabilities. Assets. £ s. d. £ s. d. £ a. 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 under the au(Jommission .. .. .. 2,2C0 16 5 tliorityof theFiMedical 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 6 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 .. .. 17,312 18 8 Harbour Board debentures .. 33,100 0 0 Town Board debentures .. .. 29,180 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. Tr&veesi, F.1.A., Commissioner. G. A. Kennedy, Secretary. Government Life Insurance Department, 24th May, 1924. 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.