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Revenue Account of the Accident Branch of the Government Insurance Department for the Year ended 31st December, 1924. £ s. d. £ s. d. Amount of Accident Funds, Ist January, Claims .. .. .. .. 24,764 8 2 1924 .. .. .. .. 29,088 14 5 Commission .. .. .. 4,761 17 2 Premiums .. .. £40,631 17 9 Salaries .. .. .. .. 4,202 0 0 Less reinsurance pre- Expenses of management . . .. 1,467 8 2 miums .. .. 1,018 2 10 Further appropriation to Reserve for un39,613 14 11 earned premiums .. .. .. 2,020 0 0 Interest .. .. 8,372 18 3 Contribution to Superannuation Fund .. .140 0 0 Less land and income Amount of Accident Funds, 31st Decern - tax .. .. 1,181 8 0 ber, 1924.. .. .. .. 38,538 6 1 7,191 10 3 £75,893 19 7 £75,893 19 7 Balance-sheet of the Accident Branch of the Government Insurance Department on 31st December, 1924. Liabilities. £ s. d. Assets. £ s. d. Accident Funds, as per Revenue Account 38,538 6 1 Debentures issued under authority of the Claims admitted (proofs not yet com- Finance Act, 1915 .. .. . . 10,000 0 0 pleted) .. .. .. .. 12,000 0 0 New Zealand Inscribed Stock — War Commission .. .. .. 521 5 6 Loans .. .. .. .. 100,500 0 0 Premium and other deposits .. .. 128 15 2 New Zealand Inscribed Stock .. .. 3,000 0 0 Sundry creditors .. .. .. 302 18 2 Mortgages on property .. .. 53,013 310 Officers' Fidelity Fund .. .. 500 0 0 £ s. d. Reserve for unearned premiums .. 17,825 0 0 Overdue interest .. 19 10 0 Investment Fluctuation Reserve .. 3,000 0 0 Outstanding interest due Reserve Fund constituted under sec- but not overdue .. 110 13 8 tion 20 of the Government Accident Interest accrued but not Insurance Act, 1908 .. .. 115,019 19 11 due .. .. .. 1,905 13 8 2,035 17 4 Agents'balances .. .. .. 235 13 11 Sundry debtors .. .. .. 2,157 7 0 Cash in hand and on current account .. 16,894 2 9 £187,836 4 10 £187,836 4 10 Government Insurance Department, Bth June, 1925. A. T. Traversi, F.1.A., F.C.A.S., Commissioner. G. A. Kennedy, Secretary. 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. —G. F. C. Campbell, Controller and Auditor-General.

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