Die Eisenindustrie in Südrußland

Bibliographic data

Monograph

Identifikator:: 897231309

URN:: urn:nbn:de:zbw-retromon-12220

Document type:: Monograph

Author:: Sawelieff, Maximilian http://d-nb.info/gnd/1036372987

Title:: Die Eisenindustrie in Südrußland

Place of publication:: Weida i. Th.

Publisher:: Druck von Thomas & Hubert, Spezialdruckerei für Dissertationen

Year of publication:: 1911

Scope:: 1 Online-Ressource (130 Seiten)

Digitisation:: 2017

Collection:: Economics Books

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MAJORITY REPORT. 79 a valuations of Societies and Branches in the United Kingdom (including Ireland) was 10,162, the total membership being 16,250,778. The accumulated funds of Societies at the valuation date amounted to £119,479,279, of which reserve values out- standing represented £64,017,994. The valuations showed an aggregate surplus of £17,192,968, this sum being the difference between total surpluses in 9,745 cases amounting to £17,273,887, and total deficiencies in 407 cases amounting to £80,919. In 10 cases the assets and liabilities were of equal value. The average amount of surplus was £1:08 per member, taken over the membership of the cases in which the surplus was found, while similarly the average amount of deficiency, taken over the cases in this category, was £25. Of the total surpluses of £17,273,887, amounts aggregating £9,184,087 were certified by the valuers to be disposable in the provision of additional benefits, leaving sums amounting in total to £8,089,800 to be carried forward to the next valuation. In addition to these amounts there were also carried forward Contingencies Funds approximating closely to £6,500,000, the total of the sums carried forward thus being about £14,600,000. Of this sum about £14,000,000 may be attributed to Great Britain. 169. The total amount credited to the Benefit Funds of Approved Societies in respect of contributions from the com- mencement of the Act to 31st December, 1918, is estimated to have been about £87,000,000, and the aggregate surplus therefore represents 20 per cent. of the contributions received up to the valuation date. This striking and, in great measure, unforeseen result of the first stocktaking operation is attributed prepond- erantly to conditions set up by the Great War. What these conditions were, and what was their effect, is shown in con- siderable detail in the Report of the Government Actuary, and it is unnecessary for us to discuss them at any length. It is sufficient to say that the claims upon the funds for sickness and disablement benefits were below the ‘‘ expectation ’’ to an amount of £10,000,000: that maternity benefits cost £1,700,000 less than the sum provided for ; that interest on investments pro- duced £1,600,000 in excess of the yield required by the basic rate of 3 per cent. ; and that interest on the growing surplus accounted for £1,200,000. In respect of each of these items, the Report referred to finds the governing factor in the profound and universal disturbance of the normal life of the community in the years over which the gigantic conflict extended. We lay stress on this conclusion because it precludes us from assuming anything as to the existence of a ‘margin in the contribution from the results of the first valuation. THE SECOND VALUATION. 170. The second valuations, which relate to Great Britain, are still in progress, and their complete results are not expected to

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