H.—l7

2

NATIONAL PROVIDENT FUND. (1) Revenue Account for the Year ended 31st December, 1928. £ s. d. £ s. d. Amount of fund at beginning of year .. 1,957.226 12 9 Maternity claims (section 19) .. .. 7,236 0 0 Contributions .. .. .. .. 234,820 14 4 Maternity claims (approved friendly societies) 36,186 0 0 Interest .. .. .. .. 115,769 17 10 Refund of contributions on lapse, reduction, Pines .. .. .. .. .. 969 5 3 and withdrawal (sections 11, 12, 13, and 14) 58,213 16 0 Government contribution under Act .. 59,125 1 9 Incapacity allowances (sections 17 and 18), Refund of maternity claims by the State .. 43,422 0 0 ! including contributions waived on incapacity Contributions overpaid on exit .. .. 212 12 2 ! (£521 4s. 9d.) .. .. .. .. 3,559 14 6 Benefits refunded on exit .. .. .. 4,281 2 5 Death: Refund, of contributions (sections Miscellaneous receipts .. .. .. 17 0: 15 (5) and 16) .. .. .. .. 5,369 1 2 Death : Allowances on account of widows and children (section 15) .. .. .. 9,428 17 8 Retirement: Allowances (section 13) .. 19,940 17 11 Refund of contributions overpaid on exit .. 212 12 2 Amount of fund at end of year .. .. 2,275,681 14 1 £2,415,828 13 6 £2,415,828 13 6 Balance-sheet as at 31st December, 1928. Liabilities. £ s. d. 1 Assets. £ s. d. Fund as per Revenue Account .. .. 2,275,68114 1 In hands of Public TrusteeClaims due and in course of payment— , Invested .. .. .. .. 2,172,382 0 2 Maternity .. .. .. .. 3,235 9 0 | Uninvested .. .. .. .. 27,107 10 11 Death (section 16) .. .. .. 660 7 3 Balance with Post Office .. .. .. 491 6 7 Death: Allowances (section 15) .. .. 397 0 3 j Balances in transit .. .. .. 13,794 19 0 Allowances (section 13) .. .. .. 939 4 6 ' Contributions outstanding or in course of Allowances (section 17) .. .. .. 98 14 0 transmission*— Refunds in suspense .. .. .. 32.129 11 5 (a) Contributions due but not overdue .. 13,561 4 11 Suspense Account .. .. .. 361 8 3 (6) Contributions overdue .. .. 3,778 12 5 Contributions prepaid .. .. .. 7,151 15 5 Government subsidy due under Act* .. 59,125 1 9 Investment Fluctation Reserve (by transfer Refund due in respect of maternity claims* ~ 3,810 0 0 from refunds unclaimed) .. .. 13,169 15 9 Fines due* .. .. .. .. 472 6 6 Interest due* .. .. .. .. 5,855 10 11 Interest accrued but not due* .. .. 33,446 6 9 £2,333.824 19 11 £2,333,824 19 11 * Included in Revenue Account. R. E. Hayes, Superintendent. R. M. Porteous, Wellington, Ist June, 1929. Accountant. I hereby certify that the Balance-sheet and Revenue Account have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—G. F. C. Campbell, Controller and Auditor-General.