H. —6a

Revenue Account of the Accident Branch of the State Fire Insurance Office for the Year ended 31st December, 1927. £ s. d. £ s. d. Premiums after deduction of reinsurances .. 65,560 7 7 Free-year bonus on personal accident policies .. 154 7 0 £ s. d. Claims .. .. .. .. .. 38,972 10 8 Interest .. .. .. 10,895 510 Commission.. .. .. .. .. 5,006 13 11 Less land and income tax .. 2,430 7 9 Salaries .. .. .. .. .. 8,312 0 0 8,464 18 1 Contribution to Public Service Superannuation Fund .. .. .. .. .. 105 0 0 Expenses of management .. .. .. 1,970 9 1 Further appropriation to reserve for unearned premiums .. .. .. .. 3,248 19 9 Amount of accident funds, 31st December, 1927.. 16,255 5 3 £74,025 5 8 £74,025 5 8 Balance-sheet of the Accident Branch of the State Fire Insurance Office on 31st December, 1927. Liabilities. £ s. d. Assets. £ s. d. Accident funds, as per Revenue Account .. 16,255 5 3 Government war-loan securities .. .. 100,500 0 0 Outstanding accident claims .. .. .. 14,600 0 0 Other Government securities .. .. .. 3,000 0 0 Government taxes .. .. .. .. 2,430 7 9 Local-authority securities .. .. . 87,331 1 6 Commission.. .. .. .. .. 487 0 7 Mortgages on property . . .. .. 4,350 0 0 Premium and other deposits .. .. .. 140 9 4 Fixed deposits and at short call .. .. 30,000 0 0 Sundry creditors .. .. .. .. 1,583 18 0 Interest accrued but not due .. .. .. 3,042 11 2 Officers' Fidelity Fund .. .. .. 500 0 0 Agents'balances .. .. .. .. 01910 Reserve for unearned premiums .. .. 29,502 3 5 Sundry debtors .. . . .. .. 1,938 3 2 Investment Fluctuation Reserve .. .. 3,000 0 0 Cash in hand on current account .. .. 14,518 8 9 Reserve Fund constituted under section 6 of the Government Accident Insurance Amendment Act, 1924.. .. .. .. .. 176,282 0 1 £244,681 4 5 £244,681 4 5 J. H. Jekram, General Manager. 23rd March, 1928. 0. B. Bedwakd, Accountant. 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. —G. F. C. Campbell, Controller and Auditor-General.

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