H.—l7.

NATIONAL PROVIDENT FUND. (1) Revenue Account for the Yeab ended 31st December, 1931. £ s. d. £ s. d. Amount of fund at beginning of year .. 2,936,203 611 Maternity claims (section 19) .. .. 6,796 0 0 Contributions .. .. .. .. 248,882 11 0 Maternity claims (approved friendly societies) 36,786 0 0 Interest .. .. .. .. .. 170,493 15 11 Refund of contributions on lapse, reduction, Fines .. .. .. .. •• 680 7 4 and withdrawal (sections 11, 12, and 13) .. 84,138 10 3 Government contribution under Act .. 49,955 16 1 Refund of contributions in lieu of pension Refund of maternity claims by the State .. 43,582 0 0 (section 14) .. .. .. .. 844 0 5 Contributions overpaid on exit .. .. 78 1 10 Incapacity allowances (sections 17 and 18), Benefits refunded on exit .. .. .. 9,107 3 9 including contributions waived on incapacity Miscellaneous receipts .. .. .. 14 3 (£937 18s. Id.) .. .. .. .. 5,784 12 11 Refunds unclaimed .. .. .. 11,480 2 8 Death: Refund of contributions (sections 15 (5) and 16) .. .. .. .. 13,617 10 5 Death : Allowances on account of widows and children (section 15) .. .. .. 11,558 19 4 Retirement: Allowances (sections 13 and 48) .. 29,445 1 6 Refund of contributions overpaid on exit .. 78 1 10 Expenses — Salaries .. .. .. .. 6,875 2 5 Commission, allowances, and agency expenses 3,936 18 6 Postages .. .. .. . • 450 11 7 Printing and stationery .. .. .. 198 8 3 Rent .. .. .. .. . • 667 10 3 Government Actuary .. .. .. 601 13 5 Government Insurance Department: Services 45 8 4 Post and Telegraph Department: Charges .. 630 9 6 Public Trustee: Charges .. .. 4,238 15 11 Travelling allowances and expenses .. 179 7 4 General expenses .. .. 586 1 9 Amount of fund at end of year .. .. 3,263,005 5 10 £3,470,464 9 9 £3,470,464 9 9 Balance-sheet as at 31st December, 1931. Liabilities. £ s. d. Assets. £ s. d. Fund as per Revenue Account .. .. 3,263,005 5 10 In hands of Public Trustee — AM value of office furniture and fittings .. 21 12 3 Invested .. .. •• 3,169,062 8 6 Uninvested .. .. .. .. 7,588 13 3 3,263,026 18 1 Post Office .. .. .. .. 2,553 13 5 Claims due and in course of payment* — Balances in transit .. .. .. 14,909 3 4 Maternity .. .. .. •• 3,030 10 8 Contributions outstanding or in course of Death (section 16) .. .. .. 919 12 9 transmission*— Death (section 15) .. .. 523 18 2 {a) Contributions due but not overdue .. 14,825 17 4 Death: Allowances (section 15) .. .. 432 19 4 (b) Contributions overdue .. .. 4,699 8 6 Allowances (section 13) .. .. •• 1,329 0 1 Government subsidy due under Act* .. 49,955 16 1 Allowances (section 17) .. .. .. 277 9 3 Refund due in respect of maternity claims* .. 3,432 0 0 Expenses due and in course of payment*— Fines duo* .. • • . • .. 295 13 9 Sundry creditors .. .. .. 4,142 16 6 Interest due* .. .. .. .. 18,327 7 3 Commission, allowances, and agency expenses 671 12 4 Interest accrued but not due* .. .. 52,670 5 6 Refunds in suspense .. .. •• 47,651 15 3 Office furniture and fittings.. .. .. 2112 3 Deposits on incomplete applications to join fund 0 14 0 Suspense Account .. ■■ 112 6 6 Contributions prepaid .. ... .. 10,375 7 2 Investment Fluctuation Reserve (by transfer from refunds unclaimed) .. •• 5,846 19 1 £3,338,341 19 2 £3,338,341 19 2 * Included in Revenue Account. R. WITHEFORD, Deputy Superintendent. R. M. Porteous, Wellington, Ist July, 1932. Accountant. I hereby certify that the Balance-sheet and Revenue Account have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby. — Gr. F. 0. Campbell, Controller and Auditor-General.

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