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Revenue Account of the State Fire Insurance Office for the Year ended 31st December, 1942 £ s. d. £ a. d. Premiums after deduotion of reinsurances .. 222,081 0 8 Bonus rebate to policyholders .. .. 44,123 16 9 Other receipts— £ s. d. Losses by fire and earthquake (after deduotion of Interest, commission, and rent 60,820 19 10 reinsurances) .. .. .. .. 34,233 15 1 Less land and income tax Income-tax .. .. .. .. 43,845 10 8 £33,608, and national and National and social security tax .. .. 9,400 12 4 sooial security tax £6,813 40,421 0 0 Commission .. .. .. .. 9,826 13 10 20,399 19 10 Salaries .. .. .. .. .. 28,699 15 2 Contribution to Public Service Superannuation Fund .. .. .. .. .. 450 10 10 Contribution to Fire Boards under the Fire Brigades Act, 1908 .. .. .. 15,617 19 8 Expenses of management— £ s. d. Travelling-expenses .. .. 1,424 7 3 Printing, stationery, and advertising .. .. .. 1,284 7 9 Rent .. .. .. 3,575 9 7 Exchange .. .. .. 55 9 1 Postages, telegrams, cablegrams, and sundry charges .. 5,114 6 4 11,454 0 0 Offioe equipment .. .. .. .. 2,309 0 0 Office premises: Depreciation .. .. 5,492 4 0 205,453 18 4 Office premises : Written off .. .. .. 20,000 0 0 Amount of fire-insurance funds at end of year .. 17,027 22 £242,481 0 6 £242,481 0 6 Balance-sheet of the State Fire Insurance Office on the 31st December, 1942 Liabilities £ £ s. d. Assets £ s. d. Capital authorized by the State Fire Government securities .. .. .. 765,357 12 0 Insurance Act, 1908 .. .. 100,000 Local-authority securities .. .. .. 226,564 8 7 Less not raised .. .. .. 100,000 Rural Advances bonds .. .. .. 14,175 0 0 Nil Fixed deposits and at short call .. .. 110,000 0 0 Bad Debts Reserve .. .. .. .. 1,500 0 0 Land and buildings .. .. .. .. 226,125 5 2 Reserve Fund .. .. .. .. 763,936 4 3 Outstanding premiums .. .. .. 18,422 19 2 Investments Fluctuation Reserve Fund .. 85,000 0 0 Interest accrued but not due .. .. .. 10,333 1 1 Reserve for unearned premiums .. .. 111,229 4 2 Rent accrued or due .. .. .. 15,432 8 0 Bonus Rebate Reserve .. .. .. 122,578 17 0 Cash in Reserve Bank of New Reinsurance Reserve Fund .. .. .. 140,000 0 0 Zealand at Wellington, or in £ s. d. Premium and other deposits .. .. .. 3,703 12 7 transit to Wellington .. 156,682 17 6 Outstanding fire and earthquake losses .. 8,091 0 0 Imprest Account balances : Head Government taxes .. .. .. .. 166,483 18 9 Office and branches .. 4,009 11 4 Sundry creditors .. .. .. .. 109,063 9 2 160,692 810 Other amounts owing by the Office— £ s. d. Reinsurance premiums due .. 14,516 2 7 Commission .. .. 2,259 8 8 Printing, stationery, and advertising .. .. 27 5 10 Postages and sundry charges .. 1,686 17 8 18,489 14 9 Fire-insurance funds, as per Revenue Account .. 17,027 22 £1,547,103 2 10 £1,547,103 2 10 J. H. Jerram, General Manager. R. H. Newbold, Deputy General Manager. 24th May, 1943. 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. — C. G. Collins, Controller and Auditor-General.

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