B.—l [PT. IV].

STATE FIRE INSURANCE OFFICE —continued. Revenue Account of the State Fiee Insurance Office for the Year ended 31st December, 1935. Dr. £ s. d. Cr. £ s. d. Premiums after deduction of reinsurances .. 199,898 7 2 Bonus rebate to policyholders .. .. 41,233 6 2 Premium on conversion of securities .. .. 328 12 4 Losses by fire and earthquake (after deduction of Other receipts — £ s. d. reinsurances) .. .. .. .. 53,151 0 4 Interest, commission, and rent 39,659 0 6 Income-tax.. .. .. .. .. 23,641 1 6 Less land-tax .. .. 356 2 6 Commission .. .. .. .. 8,479 19 6 39,302 18 0 Salaries .. .. .. .. .. 28,742 10 7 Contribution to Public Service Superannuation Fund .. .. .. .. .. 533 13 8 Contribution to Fire |Boards under the Fire Brigades Act, 1908 .. .. .. 7,994 2 9 Expenses of management— £ s. d. Travelling-expenses .. 2,796 8 4 Printing, stationery, and advertising .. .. 1,453 18 7 Rent .. .. .. 1,440 3 3 Exchange .. .. 42 19 0 Postages, telegrams, cablegrams, and sundry charges 4,063 14 9 9,797 3 11 Office equipment .. .. .. .. 3,015 13 1 Office premises: Depreciation .. .. 3,210 0 0 179,798 11 6 Bonus Rebate Reserve .. .. .. 30,000 0 0 Office premises—Written off .. .. .. 27,000 0 0 Amount of fire-insurance funds at end of year .. 2,731 6 0 £239,529 17 6 £239,529 17 6 Balance-sheet of the State Fire Insurance Office on the 31st December, 1935. Liabilities. £ s. d. Assets. £ s. d. Capital authorized by the, State Fire £ Government securities .. .. .. 540,807 8 2 Insurance Act, 1908 .. .. 100,000 Local-authority securities .. .. .. 189,227 5 8 Less not raised .. .. .. 100,000 Rural Advances bonds .. .. .. 14,175 0 0 Nil Fixed deposits and at short call .. .. 187,000 0 0 Bad Debts Reserve .. .. .. .. 1,500 0 0 Land and buildings .. .. .. .. 131,276 13 11 Reserve Fund .. .. .. .. 742,941 18 5 Outstanding premiums .. .. .. 10,499 3 9 Investments Fluctuation Reserve Fund .. 59,000 0 0 Interest accrued but not due .. .. .. 11,020 12 2 Reserve for Unearned Premiums .. .. 104,246 911 Rent accrued or due .. .. .. 3,076 8 8 Bonas Rebate Reserve .. .. .. 79,000 0 0 Rent overdue .. .. .. .. 26 8 7 Reinsurance Reserve Fund .. .. .. 60,000 0 0 Cash in Reserve Bank of New Premium and other deposits .. .. .. 922 1 7 Zealand at Wellington, or in £ s. d. Outstanding fire and earthquake losses.. .. 2,054 0 0 transit to Wellington .. .. 51,533 1 0 Government taxes .. .. .. .. 48,641 1 6 Imprest Account balances : Head Sundry creditors .. .. .. .. 25,353 11 6 Office and branches .. .. 305 13 7 Other amounts owing by the Office — £ s. d. 51,838 14 7 Reinsurance premiums due .. 8,265 I 3 Commission .. .. .. 1,414 12 4 Printing, stationery, and adver- 13 15 3 rising Postages and sundry charges .. 2,863 17 9 12,557" 6 7 Fire-insurance funds, as per Revenue Account .. 2,731 6 0 £1,138,947 15 6 £1,138,947 15 6 J. H. Jerram, General Manager. L. H. Osborn, Deputy General Manager. 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.

103