H.—B

13

FOURTH SCHEDULE.

CONSOLIDATED REVENUE ACCOUNT OP THE GOVERNMENT INSURANCE DEPARTMENT Fob the Peuiod commencing Ist Januaby, 1927, and ending 31st Decembeb, 1929. £ s. d. | £ s. d. Amount of funds on ist January, 1927 7,029,583 16 2 Death claims under policies—assurance, Renewal premiums .. .. 1,637,509 on including bonus additions .. .. 590,859 19 10 New premiums .. .. .. 175,343 10 3 Endowment assurances matured, inSingle premiums .. .. .. 16,113 3 2 j eluding bonus additions .. .. 856,462 19 o Consideration for annuities granted .. 53,104 11 3 Endowments matured .. .. 3°.757 16 o £ s. d. Premiums returned on endowments . . 983 9 6 Interest and rent .. 1,270,254 n 4 Bonuses surrendered for cash .. 28,828 15 o Less land and in- Annuities .. .. .. .. 69,225 7 5 come tax (after Surrenders .. .. .. 116,898 3 5 deducting refund Loans released by surrender . . .. 172,190 16 3 of £17,074 os. sdl ' £ s. d. £47,424 6s. 6d. ; Commission, new* .. 105,181 11 5 property expenses Commission, renewal 12,710 14 2 £10,249 3s. nd. 57,673 10 5 117,892 5 7 1,212,581 on Expenses of Management: — Salaries— Head Office .. 66,134 9 1 Branch Offices and agents .. 36,463 15 10 Extra clerical assistance . . . . 7,625 18 4 Medical fees and expenses .. 11,421 14 1 Travelling-expenses -,451 19 9 Advertising .. 1,567 2 11 Printing and stationery 4,950 8 10 Rent .. .. 16,833 8 7 Postage and telegrams 5,235 2 5 Exchange . . 167 6 4 General expenses .. 9,841 10 7 Services rendered by Government Actuary's Department 4,412 14 1 Contribution to Public Service Superannuation Fund 2,205 6 11 169,310 17 9 Property depreciation .. . . 4,300 o o Transfer to Investment Fluctuation Reserve Account . . . . 40, 000 o o Amount of funds, 31st December, 1929 7,926,524 12 11 £10,124,235 2 8 £10,124,235 2 8 * Including Agents' allowances. VALUATION BALANCE-SHEET OF THE GOVERNMENT INSURANCE DEPARTMENT /Is at 31st December, 1929, ' Dr. £ Cr. / To Net value of Liabilities (as per Valuation By Accumulated funds (as per Consolidated Summary) .. .. .. .. 7,703,985 Revenue Account) .. .. .. 7,926,525 Surplus . . .. . . . . 222,540 £7,926,525 £7,926,525