H—B

Liabilities £ Assets £ Total assurance, annuity, and endowment funds (as per Loans on policies .. .. .. . • •• 835,349 Revenue Account) .. .. .. .. .. 13,508,403 New Zealand Government securities .. .. .. 4,741,918 Claims admitted, proofs not yet completed .. .. 95,594 Loans to local bodies .. .. .. •• •• 2,939,669 Annuities .. .. .. .. .. .. 528 Landed and house property .. .. .. .. 507,613 Medical fees .. .. .. .. .. .. 573 Mortgages on property .. .. • • • • 4,498,268 Premium and other deposits .. .. .. .. 44,438 £ Sundry creditors .. .. .. .. .. 11,086 Overdue premiums on policies in force .. .. 2,611 Accident and Fidelity Fund .. .. .. .. 5,000 Outstanding premiums due but not overdue .. 78,924 Investment Reserve Account* .. .. .. .. 527,644 81,535 £ Overdue interest .. .. .. .. 2,225 Sinking funds on local-body loans .. .. 3,176 Outstanding interest due but not overdue .. 7,860 Interest accrued thereon .. .. .. 39 Interest accrued but not due .. .. .• 128,053 3,215 138,138 Sundry debtors .. .. .. •• •• 9,745 Office "furniture and fittings .. .. .. . • 1 , 000 Income-tax paid in advance .. .. .. .. 49,000 Cfash in hand and on current account .. .. .. 394,246 £14,196,481 £14,196,481 ♦lncreased by amount of exchange on loan of £625,900 held in London and now shown in accounts in New Zealand currency.

J. W. Macdonald, Commissioner.' H. L. Ryan, Secretary. Government Life Insurance Department, 28th March, 1946. The Audit Office, having examined the Revenue Account and Balance-sheet and compared them with the relative books, documents, and securities, hereby certifies them to be in accordance therewith.— J. P. Rutherford, Controller and Auditor-General.

Balance-sheet of the Government Life Insurance Department on 31st December, 1945

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