H.—B.

FOURTH SCHEDULE.

CONSOLIDATED REVENUE ACCOUNT OF THE GOVERNMENT INSURANCE DEPARTMENT Fob the Period commencing Ist January 1936, and ending 31st December, 1938 £ s. d. . £ s - d - Amount of funds on Ist January 1936 9,578,672 11 7 Death claims under policies assuiance, Renewal premiums .. .. 1,895,79811 1 including bonus additions . . .. 633,117 o o New premiums .. .. 203,144 8 7 Endowment assurances matured, inSingle premiums " " !! 187,630 6 5 eluding bonus additions .. .. 1,175,81917 5 Consideration for annuities granted .. 124.273 310 Endowments matured .. .. 36,745 1 o / s , d. Premiums returned on endowments .. i,37 r 0 2 Interest and rent .. 1,345,24712 o Bonuses surrendered for cash .. 23,857 5 2 r P qq nrooertv ex- Annuities .. .. .. •• i°°,444 J 9 7 " penses .. 5,954 " 8 Surrenders .. .. •• 17 I i i 339,293 o 4 Loans released by surrender .. .. 194,000 9 o £ s. d. Commission, new* .. 155,219 17 o Commission, renewal .. 15>9°9 11 10 171,129 8 10 Contribution to Public Service Superannuation Fund .. .. .. 2,141 11 8 Land and income tax .. .. 95,022 16 1 £ s ■ d - Expenses of management —• Salaries .. .. 124,418 510 Extra clerical assistance . . . . 1,52782 Services rendered by Government Actuary .. 3,244 10 2 Medical fees and expenses .. .. 7,375 7 6 Travelling-expenses 2,257 10 0 Advertising .. 3,105 14 4 Printing and stationery 5,210 10 9 Rent . . . • 15,137 18 o Postage and telegrams 5,532 5 9 Exchange .. .. 135 J 3 7 Audit fees . . 975 0 0 General expenses .. 17,905 5 1 — — 186,825 9 2 Property depreciation . . .. 3,834 19 3 Transfer to Investment Fluctuation Reserve Account .. . . 10,000 o o Amount of funds, 31st December, 1938 10,575,749 6 8 £13,328,812 1 10 i 1 3>328,812 1 10

* Including Agents' allowances.

VALUATION BALANCE-SHEET OP THE GOVERNMENT INSURANCE DEPARTMENT As at 31st December, 1938. Dr. • £ Cr - £ To Net value of liabilities (as per valuation By Accumulated funds (as per Consolidated summary) .. .. •• ..10,340,316 Revenue Account) .. .. ..10,575,749 Surplus .. . • • • ■ ■ 235 , 433 _______ £1°>575.749

11