of employees employed, the degree of hazard to employees
engaged in the employment, the likelihood or danger of sev-
eral employees being injured or killed by one and the same
accident, the relative influence, the different methods, by
which compensation may be assured under this Act, are likely
to exert upon the employer and his employees for the preven-
tion of accidents, and any other facts or conditions bearing
upon the security and promptness of payment of the compen-
sation and the prevention of accidents.

SEC. 16. The State Industrial Accident Commission is here-
by authorized and directed to create and establish a fund to
be known as the "State Accident Fund," for the purpose of
insuring employers against liability under this Act and to
their employees and their dependents the payment of the com-
pensation specified in this Act, Such fund shall consist of all
premiums or taxes received and paid into the fund and of
property and securities acquired and interest earned through
the use of moneys belonging to the fund. Said fund
shall be administered by the Commission without liability
on the part of the State or the custodian thereof be-
yond the amount of such fund, and shall be applicable to the
payment of losses sustained on account of insurance and to the
payment of expenses in the manner provided in this Act.

SEC. 17. For the purpose of creating such State Accident
Fund each employer insured in this Fund or required to be
insured therein by this Act shall pay into the State Treasury
the premiums of liability based upon and being such percent-
age of the payroll of such employer, as may have been de-
termined and published by the Commission and be then in
effect. The premiums shall be paid quarterly, and shall be
the prescribed percentage of the total wages paid to all em-
ployees subject to the Act for such preceding quarter. The
State Treasurer shall issue his receipt for any sums paid him
hereunder in duplicate, the original to be delivered to the
person, firm or corporation or other employer paying the
same and the duplicate to he filed with the Commission; pro-
vided, however, that in order to create a fund available upon
the application of this Act as aforesaid on November first, one
thousand nine hundred and fourteen, the payment for the
months of November, one thousand, nine hundred and four-
teen, to February, inclusive, one thousand nine hundred and
fifteen, shall be made on or before November first, one thous-
and nine hundred and fourteen, and be preliminarily based