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Revenue Account of the Accident Branch of the Government Insurance Department for the Year ended 31st December, 1917. & 8. d. £ s. d. Amount of Acoident Funds, Ist January, Claims .. .. .. .. 9,269 14 9 19.17 .. .. .. .. 19,988 12 6 Commission.. .. .. .. 2,644 17 7 Premiums .. .. £22,114 15 4 Salaries .. .. ..' .. 2,647 0 0 Less reinsurance pre- Expenses of inanagoment .. .. 723 14 11 miums .. .. 56 11 9 Amount of Accident Funds, 31st Decem22,058 3 7 ber, 1917 .. .. .. .. 29,21114 9 Interest .. .. £5,090 16 7 Less land and income tax .. .. 2,640 10 8 2,450 5 11 £44,497 2 0 £44,497 2 0 0 Balance-sheet of the Accident Branch of the Government Insurance Department on 31st December, 1917. Liabilities. £ Si J. Assets. £ S- Qi Accident Funds, as per Revenue Acoount 29,211 14 9 Debentures issued under authority of the Claims admitted (proofs not yet oom- Finanoe Aot, 1915 .. .. .. 10,000 0 0 pleted) .. .. .. .. 9,000 0 0 War Bonds issued under authority of Commission.. .. .. .. 165 15 6 the Finance Act, 1916 .. .. 10,000 0 0 Premium and other deposits .. .. 81 9 7 Inscribed Stock authorized under the Reserve for unearned premiums .. 9,927 0 0 War Purposes Loan Act, 1917 .. 7,500 0 0 Investment Fluctuation Reserve .. 3,000 0 0 Mortgages on property .. .. 69,800 0 0 Reserve Fund constituted under sec- Overdue interest .. .. £110 8 2 tion 20 of the Government Accident Outstanding interest due but Insurance Act, 1908 .. .. 62,596 10 2 not overdue .. .. 127 17 9 Interest aocrued but not due 1,204 2 11 1,442 8 10 Agents' balances .. .. .. 677 11 2 Sundry accounts owing .. .. 799 1 5 Cash in hand and on current account .. 13,763 8 7 £113,982 10 0 £113,982 10 0 Government Insurance Department, Ist March, 1918. J. H. Richardson, Commissioner. W. B. Hudson, Secretary. Audited and found correct. Robert J. Collins, Controller and Auditor-General.

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