§ Sir A. Wilsonasked the Home Secretary what proportion of the income for accident insurance companies for the years 1932, 1933, and 1934 was expended, respectively, in payment of compensation to workmen, legal and medical expenses, payments for commission, expenses of management, and distributed profit, excluding interest and dividend on reserves?
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§ Dr. BurginI have been asked to reply. The following table gives the desired particulars, so far as available, of the Em-
— 1932. 1933. 1934. Amount. Percentage of earned Premiums. Amount. Percentage of earned Premiums. Amount. Percentage of earned Premiums. £ Per cent. £ Per cent. £ Per cent. Payments under Policies after adjustment for claims outstanding (including Legal and Medical expenses). 3,018,337 58.17 3,116,835 62.31 3,404,116 65.57 Commission 458,910 8.85 462,625 9.25 482,439 9.29 Expenses of Management 1,279,613 24.66 1,257,938 25.15 1,305,146 25.14 Miscellaneous (mainly transfers to Profit and Loss Account). 431,861 8.32 164,604 3.29 93 — Total earned premium income (i.e. after adjustment for unexpired risk reserves). 5,188,721 100.00 5,002,002 100.00 5,191,794 100.00 Note.—The figures given under the heading "miscellaneous (mainly transfers to Profit and Loss Account)" include transfers to Profit and Loss Account (other than amounts provided out of interest and dividends on reserves) increases to additional reserves and small amounts such as bad debts.