The circle banner. [volume] (Circle, Mont.) 1914-1939, 1920-05-07
State Accident Board Efficient.

State Accident Board Efficient.
Assets of the state industrial acct
| dent fund, made up by employers OF
| Montana who have taken out state in
surance for their employees, are suf-
ficient to meet future payments on all
incurred claims and in addition to
provide a contingency surplus which
| is necessary to assure adequacy in
| event of q catastrophe or of unforeseen
succession or combination of serious
| accidents other than by catastrophe,
according to e. L. Marshall.
Mr.. Marshall, who is fellow of the
National Association of Actuaries of
America, is in charge of the Des
Moines, Ia, offices of Frank J. Haight,
consulting actuary
The examination was made by direc-
ton of G. P. Porter, state insurance
commissioner, who was instructed to
make the examination by the state
board of examiners. Mr.. Marshall
says the board has been fair and lib
eral in settling claims and the cost
to the employer has nevertheless been
extremely low and that the overhead
expense of administration is "sur-
prisingly small" and during the course
of his examination the board retrans-
ferred to the general fund of the state
$4,000 of unused appropriations and
fees.
In, speaking of his work in Mon
tana, Mr.. Marshall adds
sit is very evident from the examin-
alton that the state industrial acct
dent board and its small staff of eight
employees is administering the work
mems compensation act with great eff
ficiency, and yet with an administra-
tive cost probably lower than any
other similar institution that the
funds are in excellent condition, and
that the plan is proving successful in
every way"
Renders Opinion on Basis for Bonding.
Attorney General Ford has written
an opinion regarding the full cash
value of taxable property of a county
as it relates to the limit to which a
county may obligate itself in bonded
Indebtedness.
His decision follows:
"The full cash value has always
been the basis on which to compute
the limit of Indebtedness in this state.
In view of this declaration of the pub
lie policy of this state, the language
of the constitution above must be con-
strued to mean that the limit of county |
H. t. nnf of q
value of the taxable property as that |
value is disclosed by the assessment |
roll; and since the only value which |
appears on the assessment roll Is the
value fixed by the county assessor as
equalized by the county and state
,oard Of equalization, the cash value
taxable property and assessed value
mean the same thing"
x 4 X
Reapportion Federal Aid Funds.
On Nav 1 the executive committee
# the state highway commission met
It Helena to reapportion to the vari-
JUS counties the federal aid funds for
he year and to provide for the use Of
hose not expended.
The commission now has contracts
or roads in effect for total of more
han s2,OOO,OOO in work on Montana
highways.
4 4 4
tate Land Demand Below 1919 Figure
Application for purchases of state
and are not as numerous this spring as
asst year, according to Sidney Miller,
egister Of the state land office. To
ate the department has received APP
lications from prospective purchasers
or only $3.50 acres.
At this time last year applications
nd been received for purchases of
&C. 900 acres and 1854 600 acres Of land
vere sold in 1919.
OF the applications to buy state
Ind this year, 1926 acres Of Fer
= county land are sought