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Revenue Account of the State Fiee Insurance Office fob the Yeae ended 31st Decembee, 1933. £ s. d. i £s. d. Premiums after deduction of reinsurances .. 201,351 03 I Bonus rebate to policyholders .. .■. 30,060 1 4 Other receipts £ s. d. ' Losses by fire and earthquake (after deduction of Interest, commission, and rent 43,286 12 0 | reinsurances) 49,004 14 4 Less land-tax .. .. 380 9 2 Income-tax 33,911 11 7 42,906 2 10 i Commission .. .. .. ■■ 9,320 16 0 1 Salaries .. .. ... .. •■ 25,315 1 5 Contribution to Public Service Superannuation Fund .. .. .. .• • • 525 15 9 Contributions to Fire Boards under the Fire Brigades Act, 1908 .. .. .. 7,967 19 1 Expenses of management — £s. d. Travelling-expenses .. .. 2,997 15 2 Printing, stationery, and advertising 1,483 14 0 Rent 1,697 4 10 Exchange .. .. .. 45 10 5 Postages, telegrams, cablegrams, and sundry charges .. 6,645 18 3 12,870 2 8 Office equipment .. .. .. .. 721 13 10 • Office premises: Depreciation .. .. 2,586 11 0 172,284 7 0 Payment to New Zealand Treasury under section 5, Finance Act, 1931 (No. 2) .. .. .. 3,484 11 0 Investments Fluctuation Reserve Fund .. 15,000 0 0 Bonus Rebate Reserve .. .. .. 20,000 0 0 Office premises—Written off .. .. 29,700 0 0 Amount of fire-insurance funds at end of year .. 3,788 5 1 £2447257 3 1 £244,257 3 1 Balance-sheet of the State Fire Insurance Office on the 31st Decembee, 1933. Liabilities. £ e. d. Assets. £s. d. Capital authorized by the State Fire £ Government securities 436,392 16 2 Insurance Act, 1908 .. ..100,000 Local-authority securities 151,751 2 7 Less not raised .. •• 100,000 Rural Advances bonds .. .. .. 14,175 0 0 Ml. Fixed deposits and at short call .. .. 280,000 0 0 Bad Debts Reserve 1,500 0 0 Land and buildings 124,680 9 6 Reserve Fund 713,552 10 11 Outstanding premiums 10,159 3 7 Investments Fluctuation Reserve Fund .. 59,000 0 0 Interest accrued but not due .. .. 9,415 8 6 Reserve for unearned premiums .. .. 104,246 911 Rent accrued or due 1,913 2 4 Bonus Rebate Reserve 49,000 0 0 Rent overdue . 134 15 4 Reinsurance Reserve Fund .. .. .. 60,000 0 0 Cash in Bank of New Zealand at Premium and other deposits .. .. 1,047 3 9 Wellington, or in transit to £s d Outstanding fire and earthquake losses .. 3,130 0 0 Wellington .. .. 31,187 8 9 Government taxes 43,91111 7 Imprest Account balances : Head Sundry creditors 6,815 4 9 Office and branches.. .. 703 12 2 Other amounts owing by the Office— £ s. d. dl,8»l Oil Reinsurance premiums due .. 10,647 7 9 Commission.. .. •• 1,515 12 3 Printing, stationery, and advertising 16 0 10 Postages and sundry charges .. 2,342 12 1 Fire-insurance funds, as per Revenue Account.. 3, 788 5 1 £1,060,512 18 11 £1,060,512 18 11 J. H. Jerram, General Manager. 23rd May 1934. L. H. Osborn, Deputy General Manager. Ī 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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