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H—6

Revenue Account of the State Fire Insurance Office for the Year Ended 31st December, 1947 £ s. d. £ s. d. Premiums after deduction of reinsurances .. .. 262,657 10 10 Bonus rebate to policyholders .. .. .. 34,058 14 1 Other receipts— Losses by fire and earthquake (after deduction of Interest, commission, rent, and £ s. d. reinsurances) .. .. .. .. .. 47,194 4 10 exchange .. .. .. 84,887 19 5 Income-tax on underwriting account .. .. .. 40,158 0 0 Less tax on interest, commission, Social security tax on underwriting account .. .. 6,043 0 0 rent, and exchange— Commission .. .. .. .. .. 14,538 18 8 Land and income £ s. d. Salaries .. .. .. .. .. .. 46,859 6 0 tax.. .. 39,526 19 2 j Contribution to the Public Service Superannuation Fund 404 18 0 Social security tax 5,616 0 0 Contribution to Fire Boards under the Fire Brigades Act, 45,142 19 2 1908 .. .. .. .. .. .. 16,823 15 9 39,745 0 3 Expenses of management— £ s. d. Profit on realization of securities .. .. .. 825 0 0 Travelling-expenses .. .. 2,120 10 6 Printing, stationery, and advertising 1,068 14 3 Rent .. .. .. .. 1,364 16 7 Exchange .. .. .. 46 10 4 Postages, telegrams, cablegrams, and sundry charges .. .. 2,292 18 5 6,893 10 1 Office equipment .. .. .. .. .. 12,197 12 6 Office premises: Depreciation .. .. .. 3,722 0 0 Reserve for unearned premiums .. .. .. 17,114 10 2 246,008 10 1 Office premises : Written off . . .. .. 20,000 0 0 Amount of fire-insurance funds at end of year .. .. • 37,219 1 0 £303,227 11 1 £303,227 11 1