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EARTHQUAKE AND WAR DAMAGE FUND (Under Earthquake and War D.amage Act, 1944) Income and Expenditure Account. for the Year ended 31st March, 1947 £ s. d. £ s. d. Net premiums .. .. .. .. .. 410,065 14 4 Claims .. .. .. .. .. 1,779 4 2 £ s. d. Salaries and overtime .. .. .. .. 2,161 10 2 Interest .. .. .. 127,760 2 5 Pees of members of Commission .. .. .. 273 12 6 Less premium and costs incurred in Expenses of management .. .. .. .. 1,892 16 6 purchase of Imperial stock .. 32,900 6 10 Discount allowed insurance offices .. .. .. 9,965 4 7 94,859 15 7 Balance transferred to Earthquake and War Damage Fund 488,853 2 0 £504,925 9 11 £504,925 9 11 Balance-sheet as at 31st March, 1947 Liabilities Assets £ s. d. £ s. d. £ s. d. Balance of Earthquake and War New Zealand Government stock .. .. .. 4,270,000 0 0 Damage Fund asat 31stMarch, 1946 4,839,228 2 9 Imperial stock .. .. .. .. .. 937,500 0 0 Net income for year ended 31st March, Cash in Public Account to credit of Earthquake and 1947 .. .. .. .. 488,853 2 0 War Damage Pund .. .. .. .. 30,708 12 6 5,328,081 4 9 Interest accrued but not due .. .. .. 23,574 15 10 Discount due on accrued premiums .. .. 1,792 17 0 Premiums accrued but not due .. .. .. 72,243 8 9 Premiums and other deposits .. .. .. 4,372 7 6 Sundry debtors .. .. .. .. .. 219 12 2 £5,334,246 9 3 £5,334,246 9 3 Note.—In the balance-sheet, New Zealand Government stock has been included at par value and Imperial stock has been included at par value converted to New Zealand currency. 6th June, 1947. T. L. Seator, Secretary. I hereby certify that the Income and Expenditure 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.

By Authority: E. V. Paul, Government (Printer, Wellington. —1947.

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Approximate Cost of Paper.—Preparation, not given; printing; 1,238 copies), £7 10s t

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