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Balance-sheet of the Accident Branch of the State Fire Insurance Office as on the 31st December, 1947 Liabilities £ s. d. Assets £ s. d. Accident Funds, as per Revenue Account .. .. 2,941 7 6 Government securities .. .. .. .. 669,290 0 0 Outstanding accident claims .. .. .. 265,324 0 0 Local-authority securities.. .. .. .. 105,080 8 9 Government taxes .. .. .. 45,176127 Fixed deposits and at short call .. .. .. 50,000 0 0 Commission .. .. .. .. .. 2,495 0 0 Interest accrued but not due .. .. .. 7,607 0 0 Premium and other deposits .. .. .. 4,975 1 3 Agents' balances .. .. .. .. 22,217 5 11 Sundry creditors .. .. .. .. 2,930 9 7 Sundry debtors, including Motor-vehicles Insurance Reinsurance premiums due .. .. .. 524 7 4 (Third-party Risks) Act pool .. .. .. 207,329 12 0 Officers' Fidelity Fund .. .. .. .. 500 0 0 Cash in hand on current account .. .. .. 37,700 15 1 Reserve for unearned premiums .. .. .. 210,01440 Bonus Reserve .. .. .. .. .. 60,000 0 0 Investment Fluctuation Reserve .. .. .. 70,000 0 0 Reinsurance Reserve .. .. .. .. 66,000 0 0 Bad Debts Reserve .. .. . . ~ 1,000 0 0 Reserve Fund constituted under section 6 of the Government Accident Insurance Amendment Act, 1924 .. 367,343 19 6 £1,099,225 1 9 £1,099,225 1 9 R. H. Newbold, General Manager. 31st May, 1948. T. L. Seator, 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. P. Rutherford, Controller and Auditor-General.

Approximate Cost of Paper.—Preparation, not given; printing (1,368 copies), £lO.

By Authority: E. V, Paul, Government Printer, Wellington.— 1948, Price 3d.]

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