NATIONAL PROVIDENT FUND. FIFTH ANNUAL REPORT OF THE BOARD FOR THE YEAR ENDED 31st DECEMBER, 1915.

Appendix to the Journals of the House of Representatives, 1916 Session I, H-17

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1916. NEW ZEALAND.

NATIONAL PROVIDENT FUND. FIFTH ANNUAL REPORT OF THE BOARD FOR THE YEAR ENDED 31st DECEMBER, 1915.

Prepared in Term* of Section 23 of the National Provident Fund Act, 1910.

There were 8,101 contributors to the Fund at the 31st December, 1915, the increase in membership during the year amounting to 1.243. The annual contribution rate at the above date was £31,874 14s. The total funds amounted to £83,000 9s. 5d., compared with £53,717 14s. lid. at the close of 1914. Maternity benefits paid amounted to £2,806 75., claimed by 472 contributors. It is satisfactory to report a reduction in the proportion of outstanding and overdue contributions as compared with the previous year. Since the war broke out 1,500 contributors have left with (he Expeditionary Force on active service, and thus became entitled lo the Government concession to pay half contributions during their service. The sum due lo the Fund at the 31st December, 1915, on this account amounted to £1,705 2s. sd. The management expenses were 22 per cent, of contribution income. Arthur M. Myers, Chairman of the Board. 11. E. Hayes, Wellington, 21st July, 19 Id. Superintendent of the Fund.

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NATIONAL PEOVIDENT FUND. (1.) Revenue Account fob the Year ended 31st December, 1915. £ s. d. £ s. d. Amount of fund at beginning of year .. 53,717 14 11 I Maternity claims (section. 18) .. .. 2,806 7 0 Contributions .. .. .. .. 24,392 13 10 Refund of contributions on lapse, reducInterest .. .. .. .. 2,236 1 10 tion, and withdrawal (sections 10, 11, 12, Fines.. .. .. .. .. 265 15 6 ; and 13) .. .. .. .. 3,539 5 2 Benefits refunded by deduction .. .. 260 5 6 | Death : Refund of contributions (section 15) 410 5 0 Government contribution under section 25 5,927 0 11 Amount of fund at end of year .. .. 83,000 9 5 Refund of maternity claims by the State.. 2,806 7 0 Refunds unolaimed .. .. .. 150 7 1 £89,756 6 7 i £89,756 6 7 I (2.) Balance-sheet as at 31st December, 1915. £ s. d. £ s. d. Fund as per Revenue Account .. .. 83,000 9 5 Invested with Public Trustee .. .. 69,412 5 5 Claims due and in course of paymont— * Balance with Post Office .. .. 1,053 13 8 Maternity .. .. .. .. 271 9 0 Contributions outstanding or in course of Death .. .. .. .. 224 3 7 transmission— * Refunds in suspense .. .. .. 2,917 15 4 (a.) Contributions due but not overdue 5,292 8 1 Deposits on incomplete applications to.join (6.) Contributions overdue .. .. 1,328 15 8 fund .. .. .. 213 3 Government subsidy due under section 25* 5,927 011 Contributions prepaid .. .. .. 1,266 10 4 : Refund due in respect of maternity claims* 2,806 7 0 Suspense account .. .. .. 814 2 Fines due .. .. .. .. 166 111 . One-half contributions of members of Expeditionary Forces due by the State* .. 1,705 2 5 £87,691 15 1 £87,691 15 1 * Included in Revenue Account. E. B. Hayes, Examined and found correct. Superintendent. Eobekt J. Collins, Controller and Auditor-General.

Numerical Statement for the Year ended 31st December, 1915.

Approximate, Cost of Paper. —Preparation, not given ; printing (800 copios), £2.

By Authority : Maimjus F. MaeKß, Government Printer, Wellington.—l9l6

i'ricti 3d.]

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Numbers. Class] PonsionKa Peni Mass : (ion I 20s. a, late, Class 3. Pension Kate, 30s. llass 4 uonB 40s. ate, Aggregi ,te. Annual Contributions. _^> te, 10s. Pen; M. I P. T. M. P. T. M. j P. I T. ft I T. M. I P. I T. M. Number of contributors at commencement of year New entrants during the year Transfers from another class Increases due to adjustment on age-error, &o. 5696 1370 2218 178 6066 2396 541 278 99 31 640 309 ... . 59 I 8 34 3 6 1 67 37 78 47 7 3 85 50 6374 !484 2577 215 1484 215 6859 2792 £ B. d 26,520 0 0 10,800 3 8 70 5 75 31 4 35 7 9 1 10 116 11 11 127 230 10 8 9 6 4 Total Discontinuances, &c. (as per detailed statement below) 7984 553 1350 93 8537 1443 850 169 134 16 984 185 99 12 17 2 111 19 134 28 11 1 145 29 9067 710 1564 112 710 112 9777 1G76 37,560 0 8 5,685 6 8 Total at end of year 6634 460 7094 I I 681 I |118 799 j 82 10 10 j 92 j |l06 I 10 j [.116 | 7503 598 8101 31,874 14 0 Details of L 66 586 752 39 )isco mtin mances, dc, &c, dur ■ing the 1 .. 10 1 4 .. 13 .. Yea Death Notice of withdrawal 64 1 2 525 61 727 25 34 5 13 38 54 64 8 3 5 13 2 .. 46 8 1 57 2 .. 69 5 1 185 17 2 .. I 2 1 ' 9 2 1 I 6 4 I 13 80 581 787 116 2 71 28 11 82 652 815 127 291 12 8 2,349 10 8 2,695 2 4 348 16 8 0 4 4 Lapse Transfers to another class Decreases due to adjustment on age-error, &c. Total .. 1350 ! 93 111;! 169 16 2 19 28 1 1 Nu meric :al 1 ress since I )e Estabi lishment ■A\) 1564 112 1076 I 5,685 6 g Total entered Total transferred from other classes 9629 687 199 8 10316 207 1036 64 Prog', 149 10 1185129 16 74 11 3 16 145 3 14 109 U 15 2 lent. U 2 10963 863 289J 23 180 17 11826 31.2 • 9828 695 10523 1100 159 1259140 19 19 159 184 13 13 197 11252 886 12138 Total discontinued Total transferred to other classes 3130 227 64 8 3357 72 254 105 33 8 287 33 4 173 25 5 4 37 5 30 43 1 35 2 1 2 44 37 8460 265 289 23 3725 312 3194 235 3429 419 41 460 58 9 9 67 78 3 3 81 3749 288 4037 Total contributors on books at 31st Deoomber, 1915 6634 460 7094 681 118 799 82 10 10 92 106 10 10 116 7503 598 8101 31,874 14 0 799