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Revenue Account op the State Fire Insurance Office for the Year Ended 31st December, 1948 £ s. d. 1 £ s. d Premiums after deduction of reinsurances .. .. 300,195 9 9 Bonus rebate to policyholders .. .. .. 55,410 2 6 Other receipts— Losses by fire and earthquake (after deduction of Interest, commission, rent, and £ s. d. reinsurances) .. .. . . .. .. 47,683 17 9 exchange .. .. .. 75,278 9 5 Income-tax on underwriting account .. .. 36,166 19 1 Less tax on interest, commission, Social security tax on underwriting account .. . . 5,467 15 9 rent, and exchange— Commission .. .. .. .. .. 19,871 18 10 Land and income £ s. d. Salaries . . . . . . . . . . . . 53,298 16 10 tax .. .. 33,639 17 2 Contribution to the Government Superannuation Fund .. 2,421 16 1 Social security tax 4,730 0 0 Contribution to Fire Boards under the Fire Brigades Act, ——— 38,369 17 2 1908 .. .. .. .. .. .. 22,009 10 0 36,908 12 3 Expenses of management— £ s. d. Travelling-expenses .. .. 2,150 7 5 Printing, stationery, and advertising 3,118 12 2 Rent . . . . .. . . 1479 2 6 Exchange . . .. .. 45 15 0 Postages, telegrams, cablegrams, and sundry charges .. . . 2,250 0 7 —— 9,043 17 8 Office equipment .. .. .. .. .. 10,534 3 2 Office premises : Depreciation . . . . . . 3,322 0 0 Reserve for unearned premiums . . .. .. 18,768 19 6 283,999 17 2 Office premises: Written off .. .. .. 20,000 0 0 Amount of fire-insurance funds at end of year . . 33,104 4 10 £337,104 2 0 £337,104 2 0

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