H. —17

1945 NEW ZEALAND

NATIONAL PROVIDENT FUND THIRTY-FOURTH ANNUAL REPORT OF THE BOARD, FOR THE YEAR ENDED 31st DECEMBER, 1944

Presented to both Houses of the General Assembly pursuant to the National Provident Fund Act, 1926, Sections 72 and 74

PART I.—THE FUND (SECTION 72) The report this year is confined to the following figures and tables:— 1944. 1943. New contributors .. .. .. .. 2,856 2,846 Local bodies .. .. .. .. .. 148 144 Total contributors .. .. .. .. 28,054 28,352 Annuitants .. .. .. .. .. 1,462 1,324 £ £ Contributions .. .. .. .. .. 357,887 349,096 Interest .. .. .. .. .. 270,977 260,018 Total income .. .. .. .. .. 754,673 718,075 Annuity payments .. .. .. .. 118,900 110,233 Other benefits .. .. .. .. 192,755 173,046 Total outgo .. .. .. .. .. 314,977 287,295 Funds at end of year .. .. .. .. 7,732,833 7,293,137 Rate of interest, per cent. .. .. .. £3 12s. 9d. £3 14s. Id. PART lI.—STATE SUBSIDY (Section 74) The amount of subsidy paid by the State for the year was £88,030. A. H. Nordmeyeb, ChairmaD of the Board. R. M. Porteous, Superintendent of the Fund. Wellington, 6th August, 1945.