B.—l [PT. IV],

STATE FIRE INSURANCE OFFICE. Revenue Account op the State Fire Insurance Office for the Year ended 31st December, 1931. £ s. d. £ Si Premiums after deduction of reinsurances .. 216,007 510 Bonus rebate to policyholders .. .. 26,187 5 5 Other receipts — Interest, com- £ s, d. Losses by fire and earthquake (after deduction of mission, and rent .. .. 49,968 7 7 reinsurances) and including ex gratia payments, Less bad debts written off and Hawke's Bay earthquake 112,931 19 10 lnnd tax .. 472 5 8 Income-tax .. .. J0,151 10 1J land " taX 49,496 1 11 Commission 9,814 4 2 Salaries .. .. .. .. • • 25,739 7 4 Contribution to Public Service Superannuation Fund 636 19 9 Contributions to Fire Boards under the Fire Brigades Act, 1908 .. .. •• 7,926 13 9 Expenses of management— £ s. d. Travelling-expenses .. .. 2,134 2 8 Printing, stationery, and advertising .. .. 1,202 11 1 Rent .. • • 1,800 8 0 Exchange .. .. .. 46 5 8 Postages, telegrams, cablegrams, and sundry charges.. .. 4,388 19 2 9,572 6 7 Cash stolen or burnt, Hawke's Bay earthquake.. 26 3 4 Office equipment .. .. 1,512 5 5 Office premises—Depreciation .. . • 3,203 19 7 223,702 16 1 Payment to New Zealand Treasury under section 5, Finance Act, 1931 (No. 2) .. .. . • 2,612 18 3 Investments Fluctuation Reserve Fund .. 7,000 0 0 Bad Debts Reserve .. .. .. • • 500 0 0 Office premises—Written off .. .. .. 10,000 0 0 Amount of fire-insurance funds at end of year .. 21,687 13 5 £265,503 7 9 £265,503 7 9 Balance-sheet as at 31st December, 1931. Liabilities. Assets. £ s. d. Capital authorized by the State Fire £ £ s. d. Government war-loan securities .. .. 112,14011 3 Insurance Act, 1908 .. .. 100,000 Other Government securities 284,950 . > ° Less not raised .. .. 100,000 Local-authonty securities .. .. •• 131,149 14 o Nil. Rural Advances bonds .. .. 14,175 0 0 Bad Debts Reserve 500 0 0 Rural Intermediate Credit bonds .. .. 20 ,000 0 0 Reserve Fund . .. •• .. 689,730 15 2 Fixed deposits and at short call .. .. 150,000 0 0 Investments Fluctuation Reserve Fund .. 29,000 0 0 Land and buildings 191,376 13 5 Reserve for unearned premiums .. .. 88,763 19 8 Outstanding premiums 10,408 d 4 Bonus Rebate Reserve 29,000 0 0 Interest accrued but not due 11,217 2 6 Reinsurance Reserve Fund 60,000 0 0 Interest overdue 49 JO 0 Premium and other deposits 1,301 011 Rent accrued or due Hi a 1 Outstanding fire and earthquake losses.. .. 9,109 0 0 Rent overdue .. .., .. •• 1/0 .J 4 Government taxes .. .. . • - - 26,151 10 11 Cash in Bank of New Zealand Sundry creditors 5,423 8 7 Wellington, or in transit to £ s d Other amounts owing by the Office— £ s. d. Wellington .. .. 51,341 J 4 Reinsurance premiums due .. 13,728 17 11 Imprest Account Commission 1,844 2 0 balances- £ s d Printing stationery, and adver- Jdeaa Umce i> Ho tising .. . • • • 14 10 4 Auckland . . 0 10 Postages and sundry charges .. 1,221 15 6 Hamilton .. 0 0 4 5 16,809 5 9 New Plymouth .. 90 19 8 Fire-insurance funds, as per Revenue Account .. 21,687 13 5 Palmerston North.. 41 410 Napier .. .. 16 17 10 Nelson .. .. 44 810 Christchurch .. 0 0 9 Timaru .. .. 3 11 7 Dunedin .. 0 11 6 Inveroargill . . 54 15 5 320 9 2 — 51,661 18 6 £977,476 14 5 £977,476 14 5 J. 11. 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 relative books "and documents submitted for audit, and correctly state the position as disclosed thereby.— G. F. C. Campbell, Controller and Auditor-General.

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