ART. 101] STATE ACCIDENT FUND. . 953

The State Treasurer may deposit any portion of the State fund not
needed for immediate use, in the manner and subject to all the pro-
visions of law respecting the deposit of other State funds by him.
Interest earned by such portion of the State Accident Fund deposited
by the State Treasurer shall be collected by him and placed to the credit
of the fund.

1914, ch. 800, sec. 26.

26. Any employer, after entering the State Accident Fund may
withdraw from said fund after the period of one year upon giving sixty
(60) days' written notice of his intention so to do and upon paying
all arrears, if any, of premiums due the said fund and such other equit-
able assessments as may be determined by the Commission to cover
accidents occurring in the industries in which his occupation may be
classified, provided that if at the time of such withdrawal liability shall
exist against the accident fund for compensation to employes or depend-
ents of employes who have heretofore been killed or injured as herein
provided, such employer shall relieve the State Accident Fund from
such liability by depositing with the State Treasurer for the benefit of
said fund the then present value of the total unpaid compensation for
which such liability exists, assuming interest at the rate of 6%, or by
purchasing an annuity with the limitations provided by law with any
insurance company approved by the Commission and licensed in this
State.

1914, ch. 800, sec. 27.

27. As soon as practicable after December thirty-first, nineteen
hundred and seventeen, and annually thereafter, the Commission shall
calculate the total administrative expense incurred during the preced-
ing calendar year in connection with the examination, determination
and payment of claims and percentage which this expense bore to the
total compensation payments made during that year. The percentage
so calculated and determined shall be assessed against the insurance
carriers including the state fund as an addition to the payments re-
qtiired from them in the settlement of claims during the year immedi-
ately following, and the amounts so secured shall be transferred to the
State Treasury to reimburse it for this portion of the expense of admin-
istering this Article.

1914, ch. 800, sec. 28.

28. If this Article shall be hereafter repealed, all moneys which
are in the State Accident Fund at the time of the repeal shall be sub-
ject to such disposition as may be provided by the Legislature, and in
default of such legislative provision, distribution thereof shall be in
accordance with the justice of the matter, due regard being had to
obligations of compensation incurred and existing.