3

H.—B

Balance-sheet of the Government Life Insurance Department on 31st December, 1924. Liabilities. I Assets. £ s. d. | £ s. d. £ s. d. Total Assurance, Annuity, and En- ! Loans on policies .. .. 890,402 11 5 dowment Funds (as per Revenue Government securiAccount) .. .. .. 6,448,058 5 7 ties — Claims admitted, proofs not yet com- Consolidated stock 025,900 0 0 pleted .. .. .. 45,629 1 6 Debentures issued Annuities .. .. .. 379 7 6 under the auOommission .. .. 1,900 19 5 thority of the FiMedical fees .. .. .. 554 18 6 nance Act, 1915 40,000 0 0 -Premium and other deposits .. 5,184 10 11 New Zealand InSundry creditors .. .. .. 0,763 15 2 scribed StockAccident and Fidelity Fund .. 1,570 0 0 War Loans .. 1,201,370 0 0 Investment Fluctuation Reserve .. 202,247 1 4 New Zealand Inscribed Stock— FinaneeAct,l9l9 50,000 0 0 New Zealand Inscribed Stock —• Discharged Soldiers Settlement Loan .. 110,000 0 0 j New Zealand Inscribed Stock issued under the Aid to Public Works and Land Settlement Act, 1921 .. 150,000 0 0 2,177,270 0 0 Municipal Corporation debentures .. 187,742 7 1 County securities .. ... .. 20,551 3 8 Harbour Board debentures .. 32,000 0 0 Town Board debentures .. .. 37,171 1 8 Road Board debentures .. .. 21,800 0 0 Drainage Board debentures .. 1,922 13 10 i Bower Board debentures .. .. 386,986 4 6 Landed and house property .. 134,563 11 10 Landed and house property (leasehold) 1,539 13 3 Mortgages on property .. .. 2,592,866 17 8 Properties acquired by foreclosure .. 4,747 11 1 Overdue premiums on £ s. d. policies in force .. 7,582 13 10 Outstanding premiums due but not overdue 45,071 5 11 52,653 19 9 j Overdue interest .. 7,842 2 2 ! Outstanding interest due but not overdue 7,082 7 2 j Interest accrued but not due .. 83,775 13 1 98,700 2 5 | Agents' balances .. ■. . . 4,508 9 2 Sundry debtors .. .. 1,763 8 7 Cash in hand and oil current account 65,698 4 0 £6,712,887 19 11 £6,712,887 19 11 A. T. Traversi, F.1.A., F.C.A.S., Commissioner. G. A. Kennedy, Secretary. Government Life Insurance Department, Bth June, 1925. 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.

2—H. 8.