B.—l [PT. IV].

STATE FIRE INSURANCE OFFICE (ACCIDENT BRANCH). Revenue Account of the Accident Branch of the State Fire Insurance Office for the Year ended 31st December, 1925. £ s. d. £ s. d. Premiums after deduction of reinsurances 49,966 16 fi Free year bonus on personal accident £ s. d. policies .. .. .. .. 197 0 0 Interest .. .. 8,983 1 2 Claims .. .. .. .. 30,552 10 11 Less land and income tax 1,874 811 Commission.. .. .. .. 5,589 16 8 7,108 12 3 Salaries .. .. .. .. 6,025 0 0 Contribution to Public Service Superannuation Fund .. .. .. 145 0 0 Expenses of management .. .. 1,515 011 Further appropriation to reserve for unearned premiums .. .. .. 4,660 1 5 Amount, of Accident Funds, 31st December, 1925 .. .. .. .. 8,390 18 10 £57,075 8 9 £57,075 8 9 Balance-sheet of the Accident Branch of the State Fire Insurance Office on 31st December, 1925. Liabilities. £ s. d. Assets. £ s. d. Accident Funds, as per Revenue Account 8,390 18 10 Debentures issued under authority of the Claims admitted (proofs not yet com- Finance Act, 1915 .. .. .. 10,000 0 0 pleted) .. .. .. .. 12,000 0 0 New Zealand inscribed stock —War loans 100,500 0 0 Government taxes .. .. .. 1,229 7 2 New Zealand inscribed stock .. .. 3,000 0 0 Commission.. .. .. .. 684 18 11 Local-authority securities .. .. 26,000 0 0 Premium and other deposits ... .. 100 14 3 Mortgages on property .. .. 49,030 0 0 Sundry creditors .. .. . . 54 0 0 £ s. d. Officers' Fidelity Fund .. . . 500 0 0 Overdue interest.. .. 26 14 9 Reserve for unearned premiums , . 22,485 1 5 Outstanding interest due but Investment Fluctuation Reserve .. 3,000 0 0 not overdue .. .. 30 0 0 Reserve Fund constituted under section 6 Interest accrued but not due 2,342 4 9 of the Government Accident Insurance 2,398 19 6 Amendment Act, 1924 .. .. 153,558 6 0 Agents' balances .. .. .. 212 311 Sundry debtors .. .. .. 6,819 8 4 Cash in hand and on current account .. 4,042 14 10 £202,003 6 7 £202,003 6 7 J. H. Jerram, General Manager. sth March, 1926. C. B. Redward, Accountant. I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby. —G. F. C. Campbell, Controller and Auditor-General.

155