H.—35.

THE UNEMPLOYMENT FUND. Accompanying this report is an audited statement of the receipts and payments of the Unemployment Fund for the year ended 31st March, 1935. Summarized, this statement shows the following position, the corresponding figures for previous years being shown for the purpose of comparison : —

Revenue, 1934-35. The actual revenue received into the Unemployment Fund during the year exceeded that of the previous year by £183,227. Included in the receipts for last year, however, is the sum of £38,225, being revenue received in advance and £14,500 being an internal adjustment between accounts in connection with the general unemployment levy. The actual net receipts into the Fund are therefore greater by £130,502 than those of the previous year. When it is remembered that taxation was reduced to lOd. in the pound from Ist October, 1934, and that certain other exemptions were granted that had the effect of reducing the Board's revenue, it is very encouraging to find that the receipts into the Fund have exceeded those of the previous year. This increased revenue represents a very material improvement in economic and industrial conditions in the Dominion. Expenditure 1934-35. During the year payments under various headings were as follows : — £ Farming schemes .. .. .. .. .. . . 232,377 Building schemes .. .. .. .. .. .. 183,193 Gold-prospecting schemes .. .. .. . . .. 187,689 Camp schemes .. .. .. .. .. .. .. 178,175 Distribution of food, clothing, &c. .. .. .. .. 74,285 Sustenance payments .. .. . . . . . . .. 239,983 Scheme No. 5 .. .. .. .. .. .. .. 2,481,951 Relief of unemployment among Maoris . . . . .. . . 39,843 Loans under section 17 .. .. , . .. .. . . 8,000 Payments under section 17 .. .. .. .. .. 39,362 Loans under section 18 .. .. . . . . . . . . 14,403 Miscellaneous grants, &c. . . . . .. . . . . 93,871 Administration expenses.. .. .. .. .. .. 139,000 £3,912,132

4

a q T . Year ended Year ended Year ended Year ended '' M , 31stMareh, 31stMarcb, 31stMarch, 31stMarch, 1931* ' 1932 " 1933 ' 1934 " 1935 ' £ £ £ £ £ Cash in Fund at beginning of year .. .. .. 69,115 184,967 424,426 621,518 Receipts. Levy .. .. .. .. ..229,000 538,503 429,004 428,550 433;665 Wages-tax .. ,. .. .. .. .. 490,0532,471,0282,891,7152,821,824 Tax on income other than salary or wages .. .. 220,245 1,120,4041,106,6021,349,230 Subsidy from Consolidated Fund .. .. 159,247 1,118,753 Miscellaneous .. .. .. .. 9 2,530 7,563 13,466 18,841 Total .. .. .. .. 388,256 2,439,1994,212,9664,864,759j5,245, 078 Payments. Grants under section 18, Unemployment Act, 1930 313,209 2,200,545 3,594,637 3,972,186;3,397,099 Loans under section 18, Unemployment Act, 1930 .. 16,340 21,633 20,919 14,403 Payments under section 17, Unemployment Act, .. .. .. .. 39,362 1930 Loans under section 17, Unemployment Act, 1930 .. .. . . .. 8,000 Sustenance under section 20, Unemployment Act, .. .. 12,960 33,302 239,983 1930 Purchases of food, &c., under section 14, Unemploy- .. .. 58,667 104,278 73,885 ment Amendment Act, 1932 Grants to persons entitled to sustenance under .. .. .. .. 400 section 14, Unemployment Amendment Act, 1932 Administration expenses .. .. .. 5,932 37,347 100,643 112,556 139,000 319,141 2,254,232 3,788,540 4,243,2413,912,132 Cash in hand at end of year .. .. .. 69,115 184,967 424,426 621,5181,332,946 Total .. .. .. .. 388,256 2,439,1994,212,9664,864,7595,245,078 * Period 11th October, 1930, to 31st March, 1931.