B.—l [PT. IV, Sup.].

STATE FIRE INSURANCE OFFlCE—continued. Revenue Account of the Accident Branch of the State Fire Insurance Office for the Year ended 31st December, 1926. £ s. d. £ s. d. Premiums after deduction of reinsurances 58,340 8 2 Free-year bonus on personal accident £ s. d. policies .. .. .. .. 149 6 3 Interest .. .. 10,198 10 1 Claims .. .. .. .. 33,854 7 2 Less land and income tax 1,068 13 7 Commission .. .. .. 6,113 13 0 __ 9,129 16 6 Salaries .. .. .. .. 7,235 0 0 Contribution to Public Service Superannuation Fund .. .. .. 165 0 0 Expenses of management .. .. 1,852 0 9 Further appropriation to reserve for unearned premiums .. .. 3,768 2 3 Amount of accident funds, 31st December, 14,332 15 3 1926 £67,470 4 8 £67,470 4 8 Balance-sheet of the Accident Branch op the State Fire Insurance Office on 31st December, 1926. Liabilities. £ s. d. i Assets. £ s. d. Accident funds, as per Revenue Account 14,332 15 3 Debentures issued under authority of the Claims admitted (proofs not yet com- I Finance Act, 1915 .. .. 10,000 0 0 pleted) .. .. .. .. 10,000 0 0 New Zealand inscribed stock—War loans 90,500 0 0 Government taxes .. .. .. 1,068 13 7 New Zealand inscribed stock .. .. 3,000 0 0 Commission .. .. .. 524 510 Local authority securities .. .. 78,503 5 6 Premium and other deposits .. .. 163 11 10 Mortgages on property .. .. 4,575 0 0 Sundry creditors .. . . .. 410 0 Fixed deposits and at short call .. 15,000 0 0 Officers' Fidelity Fund .. .. 500 0 0 Interest accrued but not due .. .. 2,890 17 3 Reserve for unearned premiums .. 26,253 3 8 j Agents'balances .. .. .. 212 311 Investment Fluctuation Reserve .. 3,000 0 0 j Sundry debtors .. .. .. 1,786 9 3 Reserve fund constituted under section 6 Cash in hand and on current account . . 11,328 9 1 of the Government Accident Insurance Amendment Act, 1924 .. .. 161,949 410 £217,796 5 0 j £217,796 5 0 J. H. Jerram, General Manager. 11th April, 1927. C. B. Redward, Accountant. 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.—G. F. C. Campbell, Controller and Auditor-General. SWAMP LAND DRAINAGE ACCOUNT. Receipts and Payments Account por the Year ended 31st March, 1927. Receipts. £ s. d.. Payments. Balance as at Ist April, 1926 .. .. 12,502 6 0 Kaitaia Drainage District— £ s. d. £ s. d. Debentures raised under Swamp Land Drainage-works, &c. .. 8,529 10 4 Drainage Act, 1915. . .. .. 25,000 0 0 Loose tools, &c. .. 11 3 8 Temporary transfers from other accounts Fuel and stores .. 936 4 1 (Public Revenues Act, 1926, section 40) 15,000 0 0 Management and engineer- " Thirds" .. .. .. .. 15 11 8 ing expenses.. .. 1,028 13 8 Rents .. .. .. .. 260 10 2 10,505 11 9 Dredge-hire .. .. .. .. 639 0 0 Waihi Drainage District— Flax royalty.. .. .. .. 148 6 1 Drainage-works, &c. .. 3,554 12 0 Interest on mortgage .. .. .. 13 0 0 Loose tools, &c. .. 0 18 9 Interest on investments .. .. 268 8 9 Fuel and stores .. 671 -9 4 Management and engineering expenses.. .. 304 17 7 4,531 17 8 Hikurangi Drainage District— Drainage-works, &e. . . 15,579 0 0 Loose tools, &c. .. 61 10 0 Fuel and stores .. 6,376 0 2 Management and engineering expenses. . .. 1,135 18 0 23,152 8 2 Poukawa Drainage District— Drainage-works, &c. .. 265 12 3 Fuel and stores .. 119 7 Management and engineering expenses.. .. 115 12 11 392 14 9 Interest on debentures . . . . 10,000 0 0 Management charges on consolidated stock.. . . 7 12 8 Stamp duty on transfers, consolidated stock .. 14 2 0 21 14 8 Plant and machinery . . .. 854 15 3 Balance at end of year— Cash in Public Account . .. 4,388 0 5 £53,847 2 8 £53,847 2 8

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