MONDAY, JULY 25, 1983
THERE WERE 1 847 REPORTING ESTABLISHMENTS IN THE FINANCING SECTOR IN 1980, INCLUDING BILL DISCOUNTING COMPANIES, CREDIT INSTITUTIONS, LOAN AND MORTGAGE COMPANIES, PAWNSHOPS, INVESTMENT AND HOLDING COMPANIES, SECURITY, COMMODITY AND GOLD BULLION BROKERS AND DEALERS, MONEY CHANGERS, AND FOREIGN EXCHANGE BROKERS AND. DEALERS, BUT EXCLUDING BANKS AND DEPOSIT-TAKING COMPANIES.
THIS SECTOR, WITH A WORKFORCE OF 15 580 PERSONS, GENERATED $8 417 MILLION OF INCOME AND RECEIPTS, AND PAID OUT $647 MILLION IN COMPENSATION OF EMPLOYEES AND $1 931 MILLION IN OPERATING EXPENSES. THEIR CONTRIBUTION TO VALUE ADDED WAS $1 568 MILLION. CAPITAL STOCK WAS $506 MILLION. PER CAPITA EMPLOYEE INCOME IN THE FINANCING SECTOR WAS $46 000 PER ANNUM. INCOME AND RECEIPTS PER ESTABLISHMENT WERE $4.6 MILLION.
IN THE BUSINESS SERVICES SECTOR, THERE WERE 1 885 REPORTING ESTABLISHMENTS IN 1980. THIS SECTOR, WITH A WORKFORCE OF 26 482 PERSONS, COMPRISED LEGAL, ACCOUNTING, AUDITING AND DATA PROCESSING FIRMS BUSINESS MANAGEMENT AND CONSULTING, ADVERTISING, DESIGNING, SECRETARIAL AND EMPLOYMENT SERVICES AND MACHINERY AND EQUIPMENT RENTAL AND LEASING SERVICES. THEIR TOTAL INCOME AND RECEIPTS AMOUNTED TO $3 629 MILLION. SOME $940 MILLION WAS SPENT ON COMPENSATION OF EMPLOYEES AND $1 652 MILLION ON OPERATING EXPENSES. VALUE ADDED OF THE SECTOR TOTALLED $1 957 MILLION. AND CAPITAL STOCK $744 MILLION. AN AVERAGE
EMPLOYEE IN THE BUSINESS SERVICES SECTOR EARNED ABOUT $38 000 PER ANNUM. THE SECTOR HAD ON AVERAGE INCOME AND RECEIPTS OF $1.9 MILLION PER ESTABLISHMENT.
PART II OF THE REPORT SHOWS THERE WERE 540 REPORTING ESTABLISHMENTS IN THE INSURANCE SECTOR IN 1980, WITH A WORKFORCE OF 7 016 PERSONS. THIS SECTOR GENERATED A TOTAL OF $3 431 MILLION OF INCOME AND RECEIPTS OF WHICH, 60 PER CENT WAS PREMIUMS RECEIVED (GROSS RETAINED PREMIUMS), 16 PER CETN WAS REINSURANCE COMMISSIONS RECEIVED, 13 PER CENT WAS INVESTMENT INCOME AND 11 PER CENT WAS OTHER BUSINESS RECEIPTS WHICH CONSISTED MAINLY OF COMMISSIONS AND BROKERAGES AND SERVICE FEES.
THESE ESTABLISHMENTS INCURRED $327 MILLION ON COMPENSATION OF EMPLOYEES AND $242 MILLION ON OPERATING EXPENSES. WHILE $807 MILLION WAS PAID OUT AS NET CLAIMS, $908 MILLION WAS SPENT ON
INSURANCE INTERMEDIARY SERVICES. INSURANCE FUNDS AND RESERVES PUT UP BY INSURERS AS LIFE FUNDS AND RESERVES FOR UNEARNED PREMIUMS AND OUTSTANDING CLAIMS TOTALLED $3 371 MILLION.
THE VALUE OF INVESTMENTS GENERATED OR ADMINISTERED BY RESIDENT INSURERS WAS ESTIMATED TO BE $3 836 MILLION.
CAPITAL STOCK AT THE END OF 1980, OTHER THAN THOSE FIXED ASSETS HELD FOR INVESTMENT PURPOSES, WAS ESTIMATED TO BE $107 MILLION.
REMUNERATION PER EMPLOYEE WAS ABOUT $48 000 PER ANNUM. INSURANCE ESTABLISHMENTS HAD AN AVERAGE INCOME OF $6.3 MILLION PER ESTABLISHMENT.
BOTH PARTI AND PART OF THE REPORT ARE NOW ON SALE AT THE GOVERNMENT PUBLICATIONS CENTRE, GENERAL POST OFFICE, CONNAUGHT PLACE AT THE FOLLOWING PŘICES:-
PART I
PART II
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