H.—l7

Session [I. 1921. NEW ZEALAND.

NATIONAL PROVIDENT FUND. TENTH ANNUAL REPORT OF THE BOARD, FOR THE YEAR ENDED 31st DECEMBER, 1920.

Prepared, in Terms of Section 23 of the National Provident Fund Act, 1910.

At 31st December, 1920, there were 19,724 persons contributing to the fund, as compared with 16,154 at the close of the previous year. The total of the fund was £473,360 Us. Bd., an increase of (2134,631 10s. 6d., while the income from all sources amounted to £15K.478 10s. 9d. The annual contribution rate at 31st December last was £129,003 4s. Allowances for maternity were paid out amounting to £31,972, the sum of £25,318 being claimed for members of " approved " friendly societies, and £6,654 going to contributors to the fund. The amount of £6,553 18s. 10d. was granted in allowances on retirement and incapacity, and to widows and children. The expenses of administration in respect of the ordinary contributors' business were at the rate of 29-9 per cent, of their contribution income. Wμ. Downib Stewakt, Chairman of the Board. E. B. Hates, Wellington, 18th August, 1921. Superintendent of the Fund.