66

See Explanatory Memoranda on page 124. The Miscellaneous figure for 1925 includes transfers to investment and other reserves, £947,532; staff bonus, £440,945; income tax, £411,664, and transfers to superannuation funds, £203,886.

8,953,491

6,710,682

£

£

1925 1924

181 2,202,917 266,409 1,340,875 74,265 15,423,396 29,325,375 5,027,135 183 2,065,323 260,119 1,221,608 72,863 14,868,013 26,391,409 4,762.336

1925 2,211,139 266,800 1,342,459 75,534 15,478,633 30,938,687 8,821,302 1,581,379 1924 2,074,297 260,496 1,223,320 74,280 14,919,280 27,735,155 8.355,926 1,415,141

* Before the Industrial Assurance Act, 1923, Societies were not required to keep a separate account of Industrial Assurance business.

† See Explanatory Memoranda on page 124.

£

£ 51,717

£

£

£

£

£ 1,495,095 2,485,639 640,245 57,696 131,465 178,621, 1,344,763 144,102 2 381,738 541,480 53,314 | 123,777 14,086

33,668,144

17,065 2,519,454 682,081 166,866 2,411,950 582,646

146,670 2,700,890 945,413 695,781
136,958, 2,536,283. 812,917 263,606 30,928,728

The figures for 1925 include transfers to investment and other reserves £147,220;

staff bonus, £94,282, and transfers to superanuation funds, £165,603.

§ The figures published in the 1925 Report included reinbursement of expenditure on behalf of State Insurance. This has now been excluded and deducted from the Expenditure appearing on the opposite side of the account.

1925
1924

(v.)—Balan ce

British
Government
Securities
(including
Deposits with
National Debt

4,603,726

31,845,830 1,545,160 | 277,154 846,932 714,317
29,321,726 1,343,649 263,353 623,153 513,289 5,005,531

*The figures for 1915-1923 include the whole of the business of Collecting Societies, but the Benefit Funds other than Industrial are excluded from those for 1924-1925. It will be seen, however, from the Summary on pp. 174-5 that the aggregate figures are not materially affected. The figures included in this column for Companies are taken from the second summary on pages 172-3.

For 1915-23 the Company figures included in this column represent "Interest less Tax." See Explanatory Memoranda on page 124.

§ Mainly reimbursement of expenditure on behalf of State Insurance. The amount included in the 1925 figure is £675,240.