ANNUAL PREMIUM PER EMPLOYEE EARNING 500 KRONER OR LESS PER ANNUM AND COMPUTED PREMIUM RATES PER CENT OF HYPOTHETICAL PAY ROLL, ON THE ASSUMPTION OF UNIFORM EARNINGS OF 500 KRONER PER ANNUM FOR EACH EMPLOYEE-DENMARK-Continued.

[The rates here given are average rates for the industries or industry groups specified; rates in subdivisions of the specified industries may vary considerably. Unless otherwise stated the rates given are for establishments "with power." For benefits, see p. 728.]

ANNUAL PREMIUM PER EMPLOYEE EARNING 500 KRONER OR LESS PER ANNUM AND COMPUTED PREMIUM RATES PER CENT OF HYPOTHETICAL PAY ROLL, ON THE ASSUMPTION OF UNIFORM EARNINGS OF 500 KRONER PER ANNUM FOR EACH EMPLOYEE-DENMARK-Continued.

[The rates here given are average rates for the industries or industry groups specified; rates in subdivisions of the specified industries may vary considerably. Unless otherwise stated the rates given are for establishments "with power." For benefits, see p. 728.]

ANNUAL PREMIUM PER EMPLOYEE EARNING 500 KRONER OR LESS PER ANNUM AND COMPUTED PREMIUM RATES PER CENT OF HYPOTHETICAL PAY ROLL, ON THE ASSUMPTION OF UNIFORM EARNINGS OF 500 KRONER PER ANNUM FOR EACH EMPLOYEE-DENMARK-Concluded.

[The rates here given are average rates for the industries or industry groups specified; rates in subdivisions of the specified industries may vary considerably. Unless otherwise stated the rates given are for establishments "with power." For benefits, see p. 728.]

In Finland employees and their dependents are entitled to indemnity for death, or disability lasting longer than six days, caused by industrial accidents, except when due to the intentional act or gross negligence of the victim, the intentional act of any other person unless charged with supervision, or caused by something entirely independent of the occupation.

Employers are required to carry insurance against this liability which may be at their option in a governmental insurance office, in a stock insurance company, in a mutual association of employers, or in an approved foreign insurance company. If unable to obtain such insurance the employer may be excused upon giving satisfactory guaranties to the government, or he may be released from the obligation to insure on similar conditions, but in such case if a pension for disability, or to widow, descendant, or ascendant is granted, the employer must purchase an annuity in a private insurance company to cover the same.

The rates of premium which are presented in the first column of the table following are percentages of the actual pay roll charged for insuring employers of the classes mentioned against liability under

the act by the leading stock and the leading mutual company of Finland. They have agreed upon these rates after careful analysis of their actual experience. The sole difference, of course, is that while the stock company is not bound to make any concessions in the way of dividends or rebates and may not levy assessments in the event the premiums prove insufficient, the mutual company may do both.

In a second column are presented the percentages charged by another mutual company which carries on its business in a somewhat different way; all wages lower in amount than the minimum compensation basis being treated as if they were equal to that minimum, and all wages in excess of the maximum set forth in the statute being treated as if they were that maximum, the maximum wages taken into account in fixing indemnities being 720 marks ($138.96) per annum, or 2.4 marks (46.3 cents) per day, on the basis of 300 full working days per annum, and the minimum wages 300 marks ($57.90) per

annum.

In consequence of these percentages being computed in this manner, they are almost uniformly higher than the percentages named in the first column, although when distributed over the entire pay roll they would doubtless be lower in many cases, or possibly in all cases. The rates given in the following table are as furnished for this report by the chief insurance inspector of Finland:

PREMIUM RATES IN THE FORM OF PERCENTAGE OF PAY ROLL AS CHARGED BY INSURANCE COMPANIES COVERING INDUSTRIAL ACCIDENTS CAUSING DISABILITY LASTING LONGER THAN SIX DAYS OR DEATH UNDER THE COMPENSATION ACT— FINLAND.

[The rates here given are average rates for the industries or industry groups specified; rates in subdivisions of the specified industries may vary considerably. Unless otherwise stated the rates given are for establishments with power." For benefits, see p. 729.]

PREMIUM RATES IN THE FORM OF PERCENTAGE OF PAY ROLL AS CHARGED BY INSURANCE COMPANIES COVERING INDUSTRIAL ACCIDENTS CAUSING DISABILITY LASTING LONGER THAN SIX DAYS OR DEATH UNDER THE COMPENSATION ACT

FINLAND-Continued.

(The rates here given are average rates for the industries or industry groups specified; rates in subdivisions of the specified industries may vary considerably. Unless otherwise stated the rates given are for establishments "with power." For benefits, see p. 729.]