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Revenue Account of the Accident Branch of the Government Insurance Department for the Year ended 31st December, 1920. £ a. d. £ a. d. .imount of Acoideut Funds, Ist January, Claims .. .. .. .. 14,975 7 6 1920 .. .. .. .. 13,886 18 10 Commission.. .. .. .. 3,445 8 6 Premiums .. .. £30,267 17 8 Salaries .. .. .. .. 3,835 0 0 Less- reinsurance pre- Expenses of management .. .. 1,169 0 6 miums .. .. 416 410 ' Further appropriation to Reserve for un29,85112 10. earned premiums .. .. 2,056 0 0 Interest .. .. £6,209 6 10 Amount of Accident Funds, 31st DecemLess land and income ber, 1920 .. .. .. .. 23,211 15 0 tax 1,255 7 0 4,953 19 10 £48,692 11 6 £48,692 11 6 BaiiAnce-shkkt of the oVccident Branch of the Government Insurance Department qn 31st December, 1920. Liabilities. jg s . (J. Assets. £ s , _, Accident Funds, as per Revenue Account ' 23,211 15 0 Debentures issued under authority of the Claims admitted (proofs not yet com- Finance Act, 1915 .. .. .. 10,000 0 0 cleted) .. .. .. .. 8,500 0 0 New Zealand Inscribed Stock —War Commission.. .. .. .. 352 1 4 Loans .. .. .. .. 84,500 0 0 Premium and other deposits .. .. 90 5 7 Mortgages on property .. .. 42,870 0 0 Sundry accounts owing .. .. 58 18 7 Outstanding interest due but Officers' Fidelity Fund .. .. 100 0 0 not overdue .. .. 85 5 0 Reserve for unearned premiums .. 13,433 0 0 Interest accrued but not due 1,163 11 4 Investment Fluctuation Reserve .. 3,000 0 0 1,248 16 4 Reserve Fund constituted under sec- Agents' balances .. .. ... 524 18 1 cion 20 of the Government Accident Cash in hand and on current account .. 1,410 11 0 Insurance Act, 1908 .. .. 91,808 411 i £140,554 5 5 £140,554 5 5 Government insurance Department, 22nd April, 1921. J. H. Richardson, Commissioner. Geo. W. Barltrop, Secretary. Audited and found correct. Robert J. Collins, Controller and Auditor-General.

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