H—6a

EMPLOYERS' LIABILITY INSURANCE ACCOUNT Revenue Account for the Nine Months Ended 31st December, 1949 £ s. d. £ s. d. Premiums .. .. .. .. .. 1,498,435 1 5 Claims .. .. .. .. . 691,479 0 1 Interest .. .. .. .. .. 8,663 6 9 Salaries .. .. .. .. .. 111,205 0 0 Contribution to Government Superannuation Fund .. 3,194 0 0 Expenses of management .. .. .. 31,583 0 1 Unearned premiums reserve at 31st December, 1949 .. 499,478 7 1 1,336,939 7 3 Income-tax and social security tax .. .. .. 85,570 0 0 Alterations to buildings .. .. .. .. 23,244 8 9 Office furniture and mechanical equipment .. .. 12,643 8 3 Employers' Liability Insurance Funds at 31st December, 1949 .. .. .. .. 48,701 3 11 £1,507,098 8 2 £1,507,098 8 2 Balance-sheet as at 31st December, 1949 Liabilities Assets £ s. d. £ s. d. Reserve for unearned premiums .. .. .. 499,478 7 1 Government securities .. .. .. .. 750,000 0 0 Outstanding claims .. .. .. .. 326,265 .0 0 Outstanding premiums .. .. .. .. 16,935 3 10 Government taxes .. .. .. .. .. 85,570 0 0 Interest accrued but not due .. .. .. 2,897 11 10 Sundry creditors .. .. .. .. .. 10,540 0 0 Funds held in the State Fire and Government Accident Premium and other deposits .. .. .. 255 9 5 Insurance Accounts .. .. .. .. 200,977 4 9 Employers' Liability Insurance Fund .. .. 48,701 3 11 £970,810 0 5 £970,810 0 5 R. H. Newbold, General Manager. Ist May, 1950. T. L. Seatok, Deputy General Manager. 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.— J. P. Rutherford, Controller and Auditor-General.

2—H 6a

Approximate Cost of Paper.—Preparation, not given; printing (1,934 copies), £l7 10s.

By Authority: R. E. Owen, Government Printer, Wellington.— 1950.

Price 6d.~\

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