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Balance-sheet of the Accident Branch of the State Fire Insurance Office as at the 31st December, 1948 Liabilities £ -s, d. ; Assets £ s. d. Accident Insurance Funds .. .. .. .. 8,897 13 0 Government securities .. .. .. .. 719,290 0 0 Outstanding accident claims .. .. .. 281,363 0 0 Local-authority securities .. .. .. .. 91,565 19 8 ■Government taxes .. .. .. .. .. 22,839 15 8 Filed deposits and at short -call .. .. .. 50,000 0 0 Commission .. .. .. .. .. 2,200 0 0 Interest accrued but not due .. .. .. 8,970 0 0 Premium and other deposits .. .. .. 4,652 6 11 Agents' balances .. .. .. .. .. 13,860 8 6 ■Sundry creditors .. .. .. .. .. 8,245 15 1 Sundry debtors, including Motor-vehicles Insurance (ThirdOfficers' Fidelity Fund .. .. .. .. 500 0 0 party Risks) Act pool .. .. .. .. 212,894 5 2 Reserve for Unearned Premiums .. .. 233,023 2 11 Cash in hand on current account .. .. .. 32,426 7 3 Bonus Reserve .. .. .. .. .. 60,000 0 0 Investment Fluctuation Reserve .. .. .. 70,000 0 0 Reinsurance Reserve .. . . .. .. 66,000 0 0 Bad Debts Reserve .. .. . . .. 1,000 0 0 Reserve Fund constituted under section 6 of the Government Accident Insurance Amendment Act, 1924 .. 370,285 7 0 £1,129,007 0 7 £1,129,007 0 7 R. H. Newbold, General Manager. 31st May, 1949. T. L. Seator, Deputy General Manager. I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with relative books and documents submitted for audit, and correctly state the position as disclosed thereby J. P. Rutherford, Controller and Auditor-General.

By Authority: R. E. Owen, Government Printer, Wellington.— 1949. Price 3d.}

Approximate Cost of Paper.—Preparation, not given ; printing (1,949 copies), £8 10s.

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