NATIONAL PROVIDENT FUND: FOURTH ANNUAL REPORT OF THE BOARD FOR THE YEAR ENDED 31st DECEMBER, 1914.

Appendix to the Journals of the House of Representatives, 1915 Session I, H-17

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1915 NEW ZEALAND.

NATIONAL PROVIDENT FUND: FOURTH ANNUAL REPORT OF THE BOARD FOR THE YEAR ENDED 31st DECEMBER, 1914.

Prepared in Terms of Section "23 of the National Provident Fund Act, 1910.

The number of contributors to the Fund at the 31st December, I 111 J, was C,858, representing an addition of 1,067 contributors. There was a check in the rate of enrolment during the five war months of the year. The annual contribution rate as at the 31st December last wan .£26,520, and the total funds at llmt dale amounted to £53,717 Us. lid. There were paid 306 claims for maternity expenses, amounting to £1,816 ss. An important extension of the Fund for superannuation purposes was adopted by the National Provident Fund Amendment Act, 1914, to enable the staffs of local authorities, companies, firms, and employers generally to be entered into the Fund in groups. The (loveriimeut decided to meet one-half of the contributions due from members joining the Expeditionary Forces for active service outside the Dominion, a concession that has been much appreciated by contributors. The management expenses for the year are at the same rate as in 1913—viz., 19 per cent, of the contribution income. Abthub M. Myejis, Chairman of the Board. R. E. Hates, Wellington, 24th September, 1915. Superintendent of the Fund.

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NATIONAL PROVIDENT FUND. (1.) Revenue Account fob the Yeak ended 31st December, 1914. £ s. d. i £ 8. d. Amount of fund at beginning of year .. 29,327 7 6. Maternity claims (section 18) .. .. 1,816 6 0 Contributions .. .. .. .. 20,276 4 10 ! Refund of contributions on lapse, reducIniereet .. .. .. .. 1,264 19 11 tion, and withdrawal (sections 10, 11, 12, Fines .. .. .. .. .. 222 96 | and 13) .. .. .. .. 1,986 10 2 Benefits refunded by deduciion .. .. 83 1 1 i Death : Refund of contributions (section 15) 98 11 3 Government contribution under section 25 4,614 0 5 ! Refund of contributions overpaid .. 0 9 11 Refund of maternity claims by the State., 1,816 5 0 I Amount of fund at end of year .. .. 53,717 14 11 Refunds unclaimed .. .. .. 12 2 2 Miscellaneous receipts .. .. .. 0 0 10 £57,616 11 3 £57,616 11 3 (2.) Balance-sheet as at 31st December, 1914. £ b. d. £ s. d. Fund as per Revenue Account .. .. 53,717 14 11 Invested with Public Trustee .. .. 41,860 10 1 Claims due and in course of payment— * Balance with Post Office .. .. 837 12 5 Maternity .. .. .. .. 205 16 6 Contributions outstanding or in course of Death .. .. .. .. 9 10 4 transmission —• Refunds in suspense .. . .. 1,667 2 8 (a.) Contributions due but not overdue 4,951 6 S Deposits on incomplete applications to join (b.) Contributions overdue .. .. 2,014 12 3 fund .. .. .. .. 18 0 Government subsidy due under section 25* 4,614 0 5 Contributions propaid .. •.. .. 1,016 6 9 Refund duo in respect of maternity claims* 1,816 5 0 Balance at Head Offico .. .. .. 0 17 6 Fines due .. .. .. .. 244 16 (i One-half contributions of members of Mxpeditionary Forces due by the State* .. . 297 13 i £56,637 13 9 | £56,637 13 9 1 Included in Hovenue Account. E. B. Hayes, Examined and found correct. Superintendent. Robert J. Collins, A. T. Tbaveesi, A.I.A. (Lond.), Controller and Auditor-General. Secretary.

Numerical Statement for the Year ended 31st December, 1914.

Approximate Cost of Paper. —Preparation, not given; printing (HOO copies), £2.

By Authority : John Maokay, Government Printer, Wellington. 1915.

Price 3d.]

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NATIONAL PROVIDENT FUND. (1.) Revenue Account for the Year ended 31st December, 1914. £ s. d. I £ e. d. Amount of fund at beginning of year .. 29,327 7 6 : Maternity claims (section 18) .. .. 1,816 5 0 Contributions .. .. .. .. 20,276 4 10 ' Refund of contributions on lapse, reducInterest .. .. .. .. 1,264 19 11 tion, and withdrawal (sections 10, 11, 12, Fines .. .. .. ... .. 222 9 6 | and 13) .. .. .. .. 1,986 10 2 Benefits refunded by deduciion .. .. 83 1 1 i Death : Refund of contributions (section 15) 98 11 3 Government contribution under section 25 4,614 0 5 ! Refund of contributions overpaid .. 0 9 11 Refund of maternity claims by the State., 1,816 5 0 I Amount of fund at end of year .. .. 53,717 14 11 Refunds unclaimed .. .. .. 12 2 2 j Miscellaneous receipts .. .. .. 0 0 10 I £57,616 11 3 ! £57,616 11 3 (2.) Balance-sheet as at 31st December, 1914. £ s. d. £ s. d. Fund as per Revenue Account .. .. 53,717 14 11 Invested with Public Trustee .. .. 41,860 10 1 Claims due and in course of payment— * Balance with Post Office .. .. 837 12 5 Maternity .. .. .. .. 205 16 6 Contributions outstanding or in course of Death .. .. ... .. 9 10 4 transmission —* Refunds in suspense .. ... 1,667 2 3! (a.) Contributions due but not overdue 4,951 6 8 Deposits on incomplete applications to join (6.) Contributions overdue .. .. 2,014 12 3 fund .. .. .. .. 13 0 Government subsidy due under section 25* 4,614 0 5 Contributions propaid .. •.. .. 1,016 6 9 Refund duo in respect of maternity claims* 1,816 5 0 Balance at Head Offico .. .. .. 0 17 6 Fines due .. .. .. .. 244 16 6 One-half contributions of members of Expeditionary Forcos duo by the State* .. ■ 297 13 4 £56,637 13 9 | £56,637 13 9 ' Ineludeii in Revenue Account. R. E. Hayes, Examined and found-correct. Superintendent. Robert J. Collins, A. T. Traversi, A.I.A. (Bond.), Controller and Auditor-General. Secretary. Numerical Statement for the Year ended 31st December, 1914. Numbers. .,. . Class 2. Class 3. Class 4. t> „ il„ .)„,'„ hi., Pension Rate, Pension Rate, Pension Rate, Aggregate. „ Annual Pension Rale, 10s. VM ., 0s 40s Contributions. a, Hate, Pom Pom M. P. T. M. F. T. M. P. I. M. P. T. M. j F. j T. ■ £ s. d. Number of contributors at 4825 316 5141 426 81 507 55 8 63 73 7 80 5379 412 5791 22,719 0 4 commencement of year New entrants during the 1966 136 2102 228 28 256 23 2 25 25 1 26 2242 467 ;2409 8,718 0 I year Transfers from another 53 2 55 22 2 24 3 .. 8 3 .. 8 81 4 85 74 19 I class Increases due to adjust- 234 ment on age-error, &o. Total .. .. 6844 454 7298 676 111 '787 81 10 91 101 8 109 7702 '583 8285 31,514 3 4 Discontinuances, &c. (as 1148 84 1232 135 12 147 22 2 21 23 1 24 1328 99 1427 4,994 3 4 per detailed statement below) Total at end of year 5696 370 6066 541 99 640 59 j 8 i 67 78 7 85 6374 1484 6858 26,520 0 0 M. T. M. 316 5141 426 81 507 73 7 HO 136 2102 228 28 256 25 1 26 2 55 22 2 24 3 3 454 84 . 7298 1232 676 135 111 12 1787 147 101 23 8 1 109 24 541 99 640 59 | 8 i 67 78 7 85 Details of Discontinuances, &c, during the Year. Hscontin .uaiu ees, &c, dm •iw(/ the Yea: Death .. .. ] 6 i .. 6 1 .. 1 .. .. I 7 .. 7 41 7 8 Notice of withdrawal .. 455 53 508 35 8 43 8 .. 8 6 .. 6 499 61 560 1,894 6 4 Lapso.. .. .. ! 667 31 698 56 3 69 7 .. 7 11 .. 11 741 34 775 2,777 4 8 Transfers to another class 20 ! .. 20 43 1 44 12 2 14 6 1 7 81 4 85 278 8 4 Decreases due to adjust- .. .. j 2 16 4 ment on age-error, &o. 1 .. 35 8 56 3 43 1 1 43 59 44 •3 ::h 7 .. 7 12 2 14 6 11 6 6 11 7 i •• 135 12 22 i 2 24 —I I— Total .. -..,1148 i 84 1232 135 12 147 22 2 24 23 \ 1 24 1328 99 1427 4,994 8 4 147 23 ! l 21 4,994 6 4 Numerical Progress since Establishment. ;al Frog: 758 1118 33 6 ress since Estab, lishn \tent, Total entered .. .. 7411 509 7920 758 ill8 876 05 l 13 108 122 8 130 8386 (648 9034 ' .. Total transferred from 129 3 132 33 6 39 6 2 7 6 1 7 173 12 185 other classes ■ ■ 7540 512 8052 791 124 915 100 15 115 128 9 137 8559 660 9219 35,197 I 4Total discontinued .. 1814 ,139 1953 149 22 171 21 3 24 28 .. 28 2012 164 2176 Total transferred to other 30 | 3 33 101 8 104 20 4 24 22 2 24 173 12 185 classes i j 1844 142 1986 250 ; 25 275 41 7 48 50 2 52 2185 176 2361 8,677 1 4 Total contributors on 5696 '370 6066 541 99 640 59 ! 8 67 78 7 85 6374 ,484 6858 26,520 0 0 books at 31st December, 1914 876 39 05 I 13 108 5 | 2 7 122 6 8 1 130 7 791 124 915 100 15 115 128 9 137 35,197 1 i 149 22 101 8 171 llll 21 3 24 20 4 24 41 ; 7 48 28 22 2 28 24 250 ! 25 541 ] 99 275 50 2 52 8,677 1 4 (.10 59 ! 8 67 78 7 85 26,520 0 0 I Approximate Cost of Paper. —Preparation, not given; printing (SOO copies), £2. on, not given ; p laratti in; pi By Authority: John Mackay, (lovernment Printer, Wellington. 1915. Price 3d.]