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Revenue Account of the Accident Branch op the State Fire Insurance Office for the Year ended 31st December, 1942 £ s. d. £ s - d - Premiums after deduction of reinsurances .. 232,240 16 2 Bonus and sums accrued under profit-sharing £ s d. schemes .. .. •• •• •• d »' 4 ° 1 ® . oo QfiQ 1 q Claims .. .. •• •• 122,826 8 0 In terest_ .. •• £ -• 22,363 18 9 Cme-tax'" " 56,008 10 1 Income-tax .. 12,921 National and social security tax .. .. 11.000 14 8 National and social Commtssion 22 100 10 0 Recuritv tax .. 2,796 Salaries .. .. . . •• •• 1U u 15 717 0 0 Contribution to Public Service Superannuation —1 6,646 18 9 Fund 215 10 0 Profit on realization of securities .. .. 17 18 4 Expenses of management 8,044 lb d 231,753 14 8 Amount of Accident Funds, 31st December, 1942 7,151 18 7 £238,905 13 3 £238,905 13 3 Balance-sheet of the Accident Branch of the State Fire Insurance Office as on the 31st December, 1942 Liabilities £ s. d. Assets £ s. d. Accident Funds, as per Revenue Account .. 7,15118 7 Government securities 337,406 0 0 Outstanding accident claims 111,802 0 0 Local-authority securities 181,253 8 7 Government taxes 148,978 18 9 Rural Advances bonds .. .. 4,725 0 0 .. •• 970 11 4 Fixed deposits and at short call .. •• 97,b20 0 0 Premiums and other deposits 1,478 15 8 Interest accrued but not due 4,959 1 5 Snndrv creditors .. •• •• 11,756 16 3 Agents'balances .. .. .. •• 8,055 I^lo Reinsurance premiums due 621 8 8 Sundry debtors including Motor-veh.cles Officers' Fidelity Fund 500 0 0 Insurance (Third-party Risks) Act pool .. 181,604 8 6 Reserve for unearned premiums .. .. 134,387 8 3 Cash m hand on current account .. .. 47,061 11 6 Investment Fluctuation Reserve .. •• 70,000 0 0 Reinsurance Reserve .. • • • • 56,000 0 0 Bad Debts Reserve .. •• •• •• 1,000 0 0 Reserve Fund constituted under section 6 of the Government Accident Insurance Amendment Act, 1924 318,037 5 4 £862,685 2 10 £862,685 2 10 24th May, 1943. J - H - JeRRAm, General Manager R. H. Newbold, 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.— C. G. Collins, Controller and Auditor-General.

Approximate Cost oj Paper.—Preparation, not given ; printing (1,778 copies), £4 15s.

By Authority: E. V. Paul, Government Printer, Wellington. —1943. Price 3d. ]

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