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Revenue Account of the Accident Branch op the State Fire Insurance Office for the Year ended 31st December, 1928. £ s. d. £ s. d. Premiums after deduction of reinsurances .. 71,731 4 9 Free-year bonus on personal accident policies .. 145 19 10 £ s. d. Claims .. .. .. .. .. 43,807 4 11 Interest .. .. .. 12,368 7 5 Commission.. .. .. .. .. 5,060 14 5 Less land and income tax .. 3,294 7 6 Salaries .. .. .. .. .. 9,191 5 0 • 9,073 19 11 Contribution to Public Service Superannuation Fund .. .. .. .. .. 135 0 0 Expenses of management .. .. .. 2,095 3 5 Further appropriation to reserve for unearned premiums .. .. .. .. 2,776 17 9 Amount of accident funds, 31st December, 1928 .. 17,592 19 4 £80,805 4 8 £80,805 4 8 Balance-sheet of the Accident Branch of the State Fire Insurance Office as on 31st December, 1928. Liabilities. £ s. d. Assets. £ s. d. Accident funds, as per Revenue Account .. 17,592 19 4 Government war-loan securities .. .. 100,500 0 0 Outstanding accident claims .. .. .. 15,500 0 0 Other Government securities .. .. .. 3,000 0 0 Governnient taxes .. .. .. .. 3,294 7 6 Local-authority securities .. .. .. 87,936 4 2 Commission.. .. .. .. .. 424 17 4 Rural Advances bonds .. .. .. 14,425 0 0 Premium and other deposits .. .. .. 427 9 11 Mortgages on property .. .. .. 4,350 0 0 Sundry creditors .. .. .. .. 168 911 Fixed deposits and at short call .. .. 35,000 0 0 Officers' Fidelity Fund .. .. ~ 500 0 0 Interest accrued but not due .. .. .. 3,906 1 9 Reserve for Unearned Premiums .. .. 32,279 ! 2 Agent's balances .. .. .. .. 1,534 19 6 Investment Fluctuation Reserve .. .. 3,000 0 0 Sundry debtors .. .. .. .. 5,796 3 2 Reserve Fund constituted under section 6of the Cash in hand on current account .. .. 9,276 111 Governnient Accident Insurance Amendment Act, 1924 .. .. .. .. 192,537 5 4 £265,724 10 6 £265,724 10 6 I J. H. Jerram, General Manager. 27th March, 1929. 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.

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