B.—l [Pt. IV]

33

GOVERNMENT LIFE INSURANCE DEPARTMENT— continued. Balance-sheet of the Government Life Insurance Department on 31st December, 1922. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Total Assurance, Annuity, and En- Loans on policies .. .. 854,240 2 2 dowment Funds (as per Revenue Government securiAocount) .. .. .. 5,922,824 13 4 tiesClaims admitted, proofs not yet com- Consolidated stock 625,900 0 0 pleted .. .. .. .. 51,342 14 2 Debentures issued Annuities .. .. .. .. 731 12 6 under the au- . Commission .. .. .. 1,385 9 7 thority of the FiMedical fees .. .. .. 471 9 0 nance Act, 1915 40,000 0 0 Premium and other deposits.. .. 6,829 14 9 New Zealand InSundry creditors .. .. .. 2,760 16 7j soribed Stock — Officers' Fidelity Fund .. .. 900 0 0 j War Loans .. 1,157,000 0 0 Investment. Fluctuation Reserve .. 288,772 18 1 New Zealand Inscribed Stock — Finance Aot, 1919 50,000 0 0 New Zealand Inscribed Stook — Discharged Soldiers Settlement Loan .. .. 110,000 0 0 1,982,900 0 0 Municipal Corporation debentures .. 141,126 16 3 County securities .. .. .. 5,138 0 0 Harbour Board debentures .. .. 33,800 0 0 Town Board debentures .. .. 29,193 6 1 Road Board debentures .. .. 21,800 0 0 Drainage Board debentures .. .. 1,967 4 4 Landed and house property .. .. 134,089 11 10 Landed and house property (leasehold) 1,612 2 0 Mortgages on property .. .. 2,743,869 15 3 Properties acquired by foreclosure .. 1,193 13 9 Overdue premiums on £ s. d. policies in force .. 8,209 16 5 Outstanding premiums due but not overdue.. 47,870 2 6 56,079 18 11 Overdue interest .. 12,812 1 i Outstanding interest due but not overdue.. 8,944 4 6 Interest aoorued but not due .. .. 75,047 1 5 96,803 7 3 Agents'balances .. .. .. 6,042 16 11 Sundry debtors .. .. .. 4,015 1 9 Cash in hand and on current aocount.. 162,147 11 6 £6,276,019 8 0 £6,276,019 8 0 J. H. Richardson, Commissioner. G. A. Kennedy, Acting-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.

6—B. 1 [Pt. IV].