B.—l [Pt. IV].

STATE FIRE INSURANCE OFFlCE—continued. Revenue Account of the Accident Branch op the State Fire Insurance Office for the Year ended 31st December, 1931. £ s. d. £ s. d. Premiums after deduction of reinsurances .. 102,061 15 1 Free-year bonus on persona] accident policies .. 337 310 £ s. d. Claims .. .. .. .. .. 82,561 10 5 Interest .. .. .. 16,316 11 9 Commission.. .. .. .. .. 4,585 16 11 Less lard and income tax .. 7,249 0 6 Salaries .. .. .. .. .. 10,920 0 0 ' — 9,067 11 3 Contribution to Public Service Superannuation Fund .. .. .. .. .. 210 0 0 Expenses of management .. .. .. 3,028 3 7 101,642 14 9 Payment to New Zealand Treasury under section 5, Finance Act, 1931 (No. 2) .. .. .. 881 0 0 Further appropriation to Investments Fluctuation Reserve .. .. .. .. .. 7,000 0 0 Reserve for bad debts .. .. .. 500 0 0 Amount of Accident Funds, 31st December, 1931.. 1,105 11 7 £111,129 6 4 £111,129 6 4 Balance-sheet of the Accident Branch as at 31st December, 1931. Liabilities. £ s. d. Assets. £ s. d. Accident funds, as per Revenue Account .. 1,105 11 7 Government war-loan securities .. .. 94,500 0 0 Outstanding accident claims .. .. .. 39,674 0 0 Other Government securities .. .. .. 54,000 0 0 Government taxes .. . . . . . . 7,249 0 6 Local-authority securities .. .. .. 93,548 5 0 Commission.. .. .. .. .. 595 15 7 Rural Advances bonds .. .. .. 14,425 0 0 Premium and other deposits . . .. . . 363 7 2 Property under agreement for sale and purchase .. 3,980 0 0 Sundry creditors .. . . . . . . 33 13 9 Fixed deposits and at short call .. .. 40,000 0 0 Reinsurance premiums due .. .. .. 121 18 6 Interest accrued but not due .. .. .. 4,687 8 9 Officers' Fidelity Fund . . . . .. 500 0 0 Interest overdue .. .. . . .. 199 0 0 Reserve for unearned premiums .. .. 47,220 13 10 Agents'balances .. .. .. .. 6,259 8 2 Investment Fluctuation Reserve .. 16,000 0 0 Sundry debtors, including Motor-vehicles Insurance Bad Debts Reserve .. .. .. .. 500 0 0 (Third-party Risks) Act pool .. .. 38,619 14 4 Reserve Fund constituted under section 6of the Cash in hand on current account .. ~ 9,873 4 9 Government Accident Insurance Amendment Act, 1924 .. .. .. .. .. 246,728 0 1 £360,092 1 0 £360,092 1 0 J. H. Jerram, General Manager. G. 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.

13— B. 1 [PT. IVI.

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