NATIONAL PROVIDENT FUND.
(srxciiL to "thjs pjusss.") WELLINGTON/, September 24. The State subsidy to the National Provident Fund amounts to £36,434, being one-fourth of the total contributions paid into the fund during the year ended December 31st, 1923. At the end of the year the contributors to the fund numbered 23,230, as compared with 22,118 at the close of the previous year. At this date the fund amounted to £969,045, an increase of £176,801. A total of £40,188 was claimed in respect of maternitv allowances, and of this amount £33,22S was for members of "approved" friendly societies, and £6960 for contributors to the fund. Tho amount paid out in allowances on retirement and incapacity, and to widows and children, is steadily increasing, and shows a total of £15,031 16s 6d. These payments represent a comparatively minor phase of tho fund's beneficence, its main obligations being tho pensions which, however, will not for somo years yet bulk largely in the current accounts.
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Press, Volume LX, Issue 18187, 25 September 1924, Page 12
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161NATIONAL PROVIDENT FUND. Press, Volume LX, Issue 18187, 25 September 1924, Page 12
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