H.—GA

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 of the State Fire Insurance Office on 31st December, 1926. Liabilities. £ s. d. 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- j 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 Agents'balances .. .. .. 212 311 Investment Fluctuation Reserve .. 3,000 0 0 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 £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.

Approximate Cost of Paper.—Preparation, not given; printing (1,300 copies), £2 15s.

Authority : W. A. G. Skinner, Government Printer, Wellington.—l 927.

Price -3d.]

2