61

B.—l [PT. IY, Sup. B

STATE FIRE INSURANCE OFFICE. Revenue Account of the State Fiee Insurance Office for the Year ended 31st December, 1925. £ s. d. £ s d. Premiums after deduction of reinsurances 176,664 14 8 Bonus rebate to policyholders .. .. 17,405 3 2 Other receipts —Interest, commisson, and Losses by fire (after deduction of reinsurrent .. .. .. .. 30,753 8 4 ances) .. .. .. .. 56,997 12 1 Appropriated to reserve for unearned premiums (in addition to £66,028 os. 6d. already reserved) .. .. .. 4,637 17 4 Government taxes .. .. .. 10,242 18 9 Commission.. .. .. .. 9,404 1 6 Salaries .. .. .. .. 21,416 7 11 Contribution to Public Service Superannuation Fund .. .. .. 636 8 1 Contributions to Fire Boards under the Fire Brigades Act, 1908 .. .. 4,241 411 Expenses of management —• £ s. d. Travelling-expenses .. 1,686 2 3 Printing, stationery, and advertising.. .. 1,920 10 3 Rent .. .. 1,944 1 4 Exchange .. .. 33 4 2 Postages, telegrams, cablegrams, and sundry charges .. 2,797 4 2 — 8,381 2 2 Office equipment .. .. .. 2,200 15 2 Office premises—depreciation .. .. 3,437 7 10 139,000 18 11 Reinsurance Reserve Fund .. .. 5,000 0 0 Office premises—Written off .. .. 4,000 0 0 Bonus Rebate Reserve .. .. 23,500 0 0 Amount of fire-insurance funds at end of year .. .. .. .. 35,917 4 1 £207,418 3 0 £207,418 3 0 Balance-sheet of the State Fire Insurance Office on the 31st December, 1925. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Government war loan securities .. 138,470 17 0 Capital authorized by the Other Government securities .. .. 93,550 0 0 State Fire Insurance Local-authority securities .. .. 30,200 0 0 Act, 1908 .. .. 100,000 0 0 Fixed deposits and at short call .. 55,000 0 0 Less not raised .. 100,000 0 0 Land and buildings .. .. .. 224,876 5 1 — —— Nil Outstanding premiums .. .. 8,606 3 9 Reserve Fund .. .. .. 412,978 11 3 Interest accrued but not due .. .. 3,668 511 Investments Fluctuation Reserve Fund.. 10,000 0 0 Rent accrued or due .. .. .. 91 18 9 Reserve for unearned premiums .. 70,665 17 10 Cash in Bank of New ZeaBonus Rebate Reserve .. .. 23,500 0 0 land at Wellington, or in £ si d. Reinsurance Reserve Fund .. .. 15,000 0 0 transit to Wellington .. 48,613 19 1 Premiums and other deposits .. .. 998 7 3 Imprest Account Outstanding fire losses .. .. 4,156 0 0 balances— £ s. d. Government taxes .. .. .. 10,242 18 9 Head Office 524 11 1 Sundry creditors .. .. .. 6,447 3 4 Auckland .. 0 5 8 Other amounts owing by the Office — Hamilton .. 12 611 Reinsurance premiums £ s. d. N. Plymouth 134 12 8 due .. .. 11,353 1 1 PalmerstonN. 58 18 6 Commission .. .. 1,747 10 1 Napier .. 18 10 3 Rent .. .. 77 17 6 Nelson .. 55 9 10 Printing, stationery, and Ohristchurch 89 13 3 advertising.. .. 51 1 7 Timaru .. 27 18 4 Postages and sundry Dunedin .. 70 5 4 charges .. .. 960 811 Invercargill 26 0 3 —— 14,189 19 2 —— 1,018 12 1 Fire-insurance funds, as per Revenue Account .. .. .. .. 35,917 4 1 49,632 11 2 £604,096 1 8 £604,096 1 8 Bth March, 1926. J. H. Jerram, General Manager. C. B. Redward, Accountant. I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby.—G. F. C. Campbell, Controller and Auditor-General.