H.—l7

1931. NEW ZEALAND

NATIONAL PROVIDENT FUND. TWENTIETH ANNUAL REPORT OF THE BOARD, FOR THE YEAR ENDED 31st DECEMBER, 1930.

Prepared in Terms of Section 72 of the National Provident Fund Act, 1926.

At the 31st December, 1930, the contributors to the fund totalled 31,293. The total income for the year amounted to £459,151 os. 3d., including £254,380 3s. 6d. paid by contributors and £152,631 13s. interest. The fund at the end of the year totalled £2,936,203 6s. lid., an increase of £337,221 19s. 7d. The benefits paid out by the fund during the year amounted to £169,143 16s. Bd., including maternity benefits of £42,984. The rate of interest earned was £5 13s. 5d., as compared with £5 14s. 2d. for the previous year.. The expenses of administration in respect of ordinary contributors to the fund continue to show a satisfactory decrease, the percentage being 20-2, against 21-02 for the previous year. Jas. B. Donald, Chairman of the Board. R. With.efoed, Wellington, 29th May, 193]. Deputy Superintendent of the Fund..