GOVERNMENT INSURANCE DEPARTMENT, ACCIDENT BRANCH: REVENUE ACCOUNT AND BALANCE-SHEET FOR THE YEAR 1905.

Appendix to the Journals of the House of Representatives, 1906 Session I, H-08c

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1906. NEW ZEALAND.

GOVERNMENT INSURANCE DEPARTMENT, ACCIDENT BRANCH: REVENUE ACCOUNT AND BALANCE-SHEET FOR THE YEAR 1905.

Laid before Parliament in pursuance of section 6 of " The Accident Insurance Companies Act, 1905."

Bevenue account of the Accident Beanch of the Govebnment Insurance Department for the Year ended 31st December, 1905. £ s. d. £ a. d. Amount of Aooident Funds, let January, Claims .. .. .. .. 11,243 0 0 1905 .. .. .. .. 5,695 4 5 Commission.. .. .. .. 3,295 10 1 Premiums .. .. .. .. 28,970 410 Land and income tax .. .. 61 17 5 Interest .. .. .. .. 905 5 7 : Salaries .. .. .. .. 2,866 0 0 Expenses of management .. .. 838 15 3 Further appropriation to reserve for unearned premiums .. .. .. 80 0 0 Amount of Accident Funds, 31st December, 1905 .. .. .. .. 12,186 12 1 £30,570 14 10 £30,570 14 10 Balance-sheet of the Accident Bkanch of the Government Insurance Department on 31st December, 1905. Liabilities. £ B. d. i Assets. £ s. d. Accident Funds as per Revenue Account 12,186 12 1 Mortgages on property .. .. 21,875 0 0 Claims admitted (proofs not yet com- Outstanding interest due but pleted) .. .. .. .. 7,950 0 0 not overdue .. ..£976 Commission.. .. .. .. 238 13 0 Interest accrued but not due.. 265 12 2 Premium and other deposits .. . . 38 19 8 274 19 8 Sundry accounts owing .. .. 915 ,5 8| Agents'balances .. .. .. 357 0 4 Reserve for unearned premiums .. 9,588 0 0 ! Cash in hand and on current account .. 8,410 10 5 £30,917 10 5 £30,917 10 5 Government Insurance Department, 30th April, 1906. J. H. Eichaedson, Commissioner. W. B. Hudson, Secretary. Audited and found correct. J. W. Poynton, Deputy Controller and Auditor.

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