B—ll

EARTHQUAKE AND WAR DAMAGE FUND (Under Earthquake and "War Damage Act, 1944) Income and Expenditure Account for the Year Ended 31st March, 1949 £ . s. d. £ s. d. , £ s. d. Premiums, less returns and reinsurances .. .. 540,704 6 9 Claims paid and outstanding .. .. .. 12,876 8 11 Interest .. .. .. -• 150,992 18 0 Salaries and overtime .. .. .. . . 2,643 2 3 Less premium and costs incurred in Superannuation subsidy . . . . . . . . 43 9 2 purchase of Imperial stock .. 21,402 Oil Fees of Members of Commission .. .. .. 307 15 0 ■ ■ 129,590 17 1 Expenses of management .. .. .. .. 1,313 17 9 Discount allowed insurance offices .. .. .. 13,572 6 6 Amount written off investments (alteration in exchange rate) 339,525 0 0 Balance transferred to Earthquake and War Damage Fund .. .. .. .. .. .. 300,013 4 3 £670,295 3 10 £670,295 3 10

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