B.—l [PT. IV],

STATE FIRE INSURANCE OFFICE. Revenue Account op the Accident Branch of the State Fire Insurance Office for the Year ended 31st December, 1935. £ s. d. £ s d. Premiums after deduction of reinsurances .. 97,766 1 10 Free-year bonus on personal accident policies .. 230 15 4 £ s - <*• Claims .. .. .. .. .. 66 171 15 10 Interest .. .. .. 14,935 14 9 Commission .. .. .. .. 4138 10 1 Less land and income tax .. 4,127 9 4 Salaries .. .. .. .. " 12'076 15 0 10,808 5 5 Contribution to Public Service Superannuation Premium on conversion of securities .. .. 2,105 5 0 Fund .. .. 175 g q Expenses of management .. .. .. 3,940 0 6 Further appropriation to reserve for unearned premiums .. .. .. .. i ; 662 7 1 88,395 8 10 Further appropriation to Reinsurance Reserve .. 10,000 0 0 Amount of Accident Funds, 31st December, 1935 12,284 3 5 £110,679 12 3 , £110,679 12 3 Balance-sheet of the Accident Branch of the State Fire Insurance Office as on the 31st December, 1935. Liabilities. £ s. d. Assets. £ s d Accident Funds, as per Revenue Account .. 12,284 3 5 Government securities .. " 178 363 3 0 Outstanding accident claims .. .. .. 55,315 0 0 Local-authority securities .. " " 136'935 3 6 Government taxes .. .. .. .. 10,127 9 4 Rural Advances bonds .. .. '14,'425 0 0 Commission .. .. .. .. 452 17 3 Property under agreement for sale and purchase 3, 980 0 0 Premium and other deposits .. .. .. 232 16 3 Fixed deposits and at short call 40 000 0 0 Sundry creditors .. .. .. .. 32 7 6 Interest accrued but not due .. 3'504 1 4 Officers' Fidelity Fund .. .. .. 500 0 0 Interest overdue .. .. . ' 199 0 0 Reserve for Unearned Premiums .. .. 48,883 011 Agents'balances .. " " 1 913 11 5 Investment Fluctuation Reserve .. .. 41,000 0 0 Sundry debtors, including Motor-vehicies InsurRemsurance Reserve .. .. .. 20,000 0 0 ance (Third-party Risks) Act pool .. .. 56 193 9 2 Bad Debts Reserve .. .. .. .. 1,000 0 0 Cash in hand on current account .. .. 11 106 10 1 Reserve Fund constituted under section 6 of the Government Accident Insurance Amendment Act, 1924 .. .. .. .. 256,792 3 10 £446,619 18 6 £446,619 18 6 J. H. Jerram, General Manager. L. H. Osborn, Deputy General Manager. 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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