H.—6a.

Revenue Account op the Accident Branch of the State Fire Insurance Office for the Year ended 31st December, 1936. £ s. d. £ s. d. Premiums after deduction of reinsurances .. 113,648 10 4 Free-year bonus on personal accident policies .. 286 410 £ s. d. Claims .. .. .. .. .. 76,470 13 8 Interest .. .. .. 15,11165 Commission .. .. .. .. 4,821 10 4 Less land and income tax .. 6,621 10 0 Salaries .. .. .. .. .. 13,709 5 0 8,489 16 5 Contribution to Public Service Superannuation Profit on realization of securities .. .. 1,012 9 1 Fund .. .. .. .. .. 190 15 0 Expenses of management .. .. .. 4,434 13 3 Further appropriation to reserve for imearned premiums .. .. .. .. 7,941 4 3 107,854 6 4 Further appropriation to reinsurance reserve .. 10,000 0 0 Amount of Accident Funds, 31st December, 1936 5,296 9 6 £123,150 15 10 £123,150 15 10 Balance-sheet of the Accident Branch of the State Fire Insurance Office as on the 31st December, 1936. Liabilities. £ s. d. Assets. £ s. d. Accident funds, as per Revenue Account .. 5,296 9 6 Government securities .. .. .. 178,363 3 U Outstanding accident claims .. .. .. 61,945 0 0 Local-authority securities .. .. .. 178,330 18 10 Government taxes .. .. .. .. 12,621 10 0 Rural Advances bonds .. .. .. 14,425 0 0 Commission .. .. . . .. 555 7 6 Property under agreement for sale and purchase 3,980 0 0 Premium and other deposits .. .. .. 286 611 Fixed deposits and at short call .. .. 40,000 0 0 Sundry creditors .. .. .. .. 58 14 1 Interest accrued but not due . .. .. 3,890 15 3 Reinsurance premiums due . . . . .. 107 5 2 Interest overdue .. . . .. .. 199 0 0 Officers' Fidelity Fund .. .. .. 500 0 0 Agents'balances .. .. .. .. 4,191 9 10 Reserve for unearned premiums .. .. 56,824 5 2 Sundry debtors, including Motor-vehicles InsurInvestment Fluctuation Reserve .. .. 41,000 0 0 ance (Third-party Risks) Act pool .. .. 48,631 13 10 Reinsurance Reserve .. .. .. 30,000 0 0 Cash in hand on current account .. .. 7,259 410 Bad Debts Reserve .. .. .. .. 1,000 0 0 Reserve Fund constituted under section 6 of the Government Accident Insurance Amendment Act, 1924 . . .. .. . . 269,076 7 3 £479,271 5 7 £479,271 5 7 9th September, 1937. 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.—--J. H. Fowler. Controller and Auditor-General.

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