8.-l [Pt. lIT] .

GOVERNMENT LIFE INSURANCE DEPARTMENT— continued. Revenue Account op the Accident Branch for the Year ended 31st December, 1921. £ s. d. £ s. d. Amount of Accident Funds, Ist January, Claims .. .. .. .. 16,786 2 5 1921 .. .. .. .. 23,21115 0 Commission.. .. .. ~ 4,256 3 11 Premiums .. .. £36,287 18 10 Salaries .. .. .. .. 4,065 0 0 Less reinsurance pre- Expenses of management .. ~ 1,506 8 11 iniums .. .. 355 1.5 8 Further appropriation to Reserve for un35,932 3 7 earned premiums .. .. 2,718 0 0 Interest .. .. 6,794 2 7 Further transfer to Reserve Fund (section Less land and income 20, Government Accident Insurance tax .. .. 1,020 0 0 Act) .. .. .. .. 23,211 15 0 5,774 2 7 Marryatt Defalcation Account .. 902 3 4 Amount of Accident P'unds, 31st December, 1921 .. .. .. .. 11,472 7 7 £64,918 1 2 £64,918 1 2 Balance sheet of the Accident Branch on 31st December, 1921. Liabilities. £ s. d. Assets. £ s. d. Accident Funds, as per Revenue Account 11.472 7 7 Debentures issued under authority of the Claims admitted (proofs not yet com- Finance Act, 1915 .. .. .. 10,000 0 0 pleted) .. .. .. .. 9,000 0 0 New Zealand Inscribed Stock — War Commission .. .. .. .. 345 210 Loans .. .. .. .. 97,500 0 0 Premium and other deposits .. .. 80 2 9 Mortgages on property .. .. 41,820 0 0 Sundry creditors .. .. .. 1,985 0 4 Overdue interest .. .. .£46 15 0 Officers' Fidelity Fund .. .. 200 0 0 Outstanding interest due but Reserve for unearned premiums .. 16,151 0 0 not overdue .. .. 146 15 11 Investment Fluctuation Reserve .. 3,000 0 0 Tnterest aocrued but not due 1,362 13 5 Reserve Fund constituted under sec- 1,556 4 4 tion 20 of the Government Accident Agents'balances .. .. .. 147 3 6 Insurance Act, 190R .. .. 115,019 19 11 Gash in hand and on current account .. 6,230 5 7 £157,253 13 5 £157,253 13 5 J. H. Eichardson, Commissioner. Geo. W. Barltrop, Secretary. Government Insurance Department, fith April, 1922. The Audit Oflice, having examined the Bevenue Account and balance-sheet, and compared them with the relative books, documents, and securities, hereby certifies them to be in accordance therewith.—G. P. 0. CAMPBELL, Controller and Auditor-General.

8