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NATIONAL PROVIDENT FUND (1) Revenue Account for the Year ended 31st December, 1947 Amount of Fund at beginning of year £ National Provident Fund Act, 1926 £ (Ist January, 1947) .. .. 8,985,360 Refund of contributions on lapse, National Provident Fund Act, 1926 reduction, and withdrawal (sees. Contributions.. .. .. 622,859 11, 12, and 13) .. .. 180,397 Interest .. .. .. 305,566 Refund of contributions in lieu of Fines (sec. 11 (4) ) .. . . 457 pension (sec. 14) .. .. 25,380 Government contribution under Act Incapacity allowances (sees. 17 (sees. 52 and 74 (2)) .. 121,334 and 18), including contributions Contributions over-paid on exit 704 waived on incapacity (£7l) .. 13,399 Benefits refunded on exit (sees. Death: Refund of contributions 11 to 16 and 28) .. .. 26,219 (sees. 15 (5) and 16) .. .. 44,830 Miscellaneous receipts .. .. 2 Death: Allowances on account of Refunds unclaimed .. .. 2,346 widows and children (sec. 15) .. 31,483 Premiums on conversion .. .. 20,290 Pensions (sees. 13 and 48) .. 168,376 Refund of contributions overpaid on exit .. .. .. .. 704 Public Trustee : Charges .. .. 2,765 War-risk insurance premiums .. 92 Investment Fluctuation Account .. 31,100 Amount of Fund at end of year (31st December, 1947) .. .. 9,586,611 £10,085,137 £10,085,137 Balance-sheet as at 31st December, 1947 Liabilities . £ Assets £ Fund as per Revenue Account .. 9,586,611 In hands of Public Trustee— Disbursement Account .. .. 3,312 Invested .. .. .. 9,348,449 National Provident Fund Act, 1926 Uninvested .. .. .. 19,085 Claims due and in course of pay- Post Office .. .. .. 39,734 ment*— Balances in transit .. .. 47,716 Death : Refunds (sec. 16) .. 830 National Provident Fund Act, 1926 Death : Refunds (sec. 15 (5)) .. 1,128 Contributions outstanding or in Death: Allowances (sec. 15) .. 207 course of transmission*— Pensions (sees. 13 and 48) .. 950 (a) Contributions due but not Refunds of contributions in lieu overdue .. .. 168,796 of pension (sec. 14).. .. 2,803 (b) Contributions overdue .. 3,038 Public Trustee : Charges* .. 819 Government subsidy due under Act* Refunds in Suspense .. .. 93,605 (sees. 52 and 74 (2) ) .. .. 121,334 Suspense Account .. .. 6,268 Fines due* (sec. 11 (4) ) .. .. 192 Contributions prepaid .. .. 31,982 Interest due* .. .. .. 3,071 Investment Fluctuation Reserve .. 100,000 Interest accrued but not due* . .. 79,100 £9,828,515 £9,828,515 ♦lncluded in Revenue Account. W. L. Comrie, Superintendent. R. S. Brown, Accountant. Wellington, Bth November, 1948. I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—J. P. Rutherford, Controller and Auditor-General.

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