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Balance-sheet of the State Fire Insurance Office as at 31st December, 1949 Liabilities Assets £ s. d. £ s. d. £ s. d. Capital authorized by State Fire Government securities .. .. .. .. 1,142,787 12 0 Insurance Act, 1908 .. .. 100,000 0 0 Local authority securities. . .. .. .. 146,779 15 1 Less not raised .. .. 100,000 0 0 Fixed deposits and at short call .. .. .. 35,000 0 0 Bad Debts Reserve .. .. .. .. 1,500 0 0 Land and buildings .. .. .. .. 84,949 8 11 Reserve Fund .. .. .. .. .. 982,427 14 3 Outstanding premiums .. .. .. .. 32,046 17 5 Investments Fluctuation Reserve Fund .. .. 85,000 0 0 Interest accrued but not due .. .. .. 13,797 17 5 Reserve for Unearned Premiums .. .. .. 164,537 7 1 Rent accrued or due .. .. .. .. 2,892 0 10 Bonus Rebate Reserve .. .. .. .. 122,578 17 0 Cash in Reserve Bank of New Zea- £ s. d. Reinsurance Reserve Fund .. .. .. 140,000 0 0 land, or in transit .. .. 341,996 19 1 Premium and other deposits . . .. .. 4,703 17 0 Imprest advances at Head Office and Outstanding fire, earthquake, and marine losses .. 6,716 10 9 branches .. .. .. 25,611 1 10 Government taxes accrued but not due .. .. 83,305 2 8 367,608 0 11 Accident Branch (Employers Liability Insurance Account) .. .. .. .. .. 112,225 15 4 Sundry creditors .. .. .. .. 24,572 2 8 Other amounts owing by the Office— £ s. d. Reinsurance premiums .. .. 26,815 14 10 Commission .. .. .. 6,688 9 7 Expenses of management .. 16,467 8 8 Fire Insurance Funds as per Revenue Account .. 48,322 12 9 £1,825,861 12 7 £1,825,861 12 7 Ist May, 1950. R. H. Newbold, General Manager. T. L. Seator, 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.— J. P. Rutherford, Controller and Auditor-General.

Approximate Cost of Paper. — Preparation not given ; printing (1,939 copies), £9 10s.

By Authority: E. E, Owen, Government Printer, Wellington.— 1950,

Price 3d,]

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