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Revenue Account of the Accident Branch op the Government Insurance Department foe the Year ended 31st December, 1918. £ s. d. £ s. d. Amount of Accident Funds, Ist January, Claims .. .. .. .. 10,829 17 4 1918 .. .. .. .. 29,21114 9 Commission.. .. .. .. 2,676 811 Premiums .. .. £21,823 0 6 Salaries .. .. ... .. 2,746 0 0 Less reinsurance pre- Expenses of management .. .. 787 17 4 miums .. .. 192 18 0 Further transfer to Reserve Fund (sec21,630 2 6 tion 20, Government Aocident InsurInterest .. .. £5,315 10 9 ance Act) .. .. .. .. 29,21114 9 Less land and income Amount of Accident Funds, 31st Decerntax .. .. 3,576 15 0 ber, 1918 .. .. .. .. 6,328 14 8 _ 1,738 15 9 £52,580 13 0 £52,580 18 0 Balance-sheet of the Accident Branch of the Government Insurance Department on 31st December, 1918. Liabilities. £ a . c j, i Assets. £ s. d. Accident Funds, as per Revenue Account 6.328 14 8 | Debentures issued under authority of the Claims admitted (proofs not yet com- Finance Act, 1915 .. .. .. 10.000 0 0 pieced) .. .. ..' .. 8.500 00 i New Zealand Inscribed Stock — War Commission.. .. .. .. 340 18 0 Loans '.. .. .. .. 26,000 0 0 Premium and other deposits .. .. 35 17 6 Mortaages on property .. .. 05,020 0 0 Reserve for unearned premiums .. 9,734 0 0 Overdue interest .. .. £41 5 0 Investment Fluctuation Reserve .. 3,000 0 0 Outstanding interest due but Reserve Fund constituted under sec- not overdue .. .. 46 15 0 tion 20 of the Government Accident Interest accrued but not due 1,038 10 1 Insurance Act, 1908 .. .. 91,808 411 1,126 10 1 Agents'balances .. .. .. 157 12 1 Sundry accounts owing .. .. 599 7 8 Cash in hand and on current acoount .. 16,844 5 3 £119,747 15 1 £119,747 15 1 Government Insurance Department, 23rd April, 1919. J. H. Richardson, Commissioner. W. B. Hudson, Secretary. Audited and found correct. Robert J. Collins, Controller and Auditor-General.

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