H.—l7.

NATIONAL PROVIDENT FUND. (1) Revenue Account for the Year ended 31st December, 1934. £ s. d. £ s d Amount of fund at beginning of year .. 3,756,980 13 1 Maternity claims (section 19) .. .. 5,252 0 n Contributions .. .. .. .. 227,651 17 2 Maternity claims (approved friendly societies) 0 0 Interest .. .. .. .. 165,828 19 6 Refund of contributions on lapse, reduction, F" 1 ® 8 •• •• •• 707 17 6 and withdrawal (sections 11, 12, and 13) .. 61,610 010 Government contribution under Act .. 56,732 11 7 Refund of contributions in lieu of pension Refund of maternity claims by the State .. 29,878 0 0 (section 14) .. .. .. .. 5 594 12 4 Contributions overpaid on exit .. .. 52 18 5 Incapacity allowances (sections 17 and 18), Benefits refunded on exit .. .. .. 11,683 13 3 including contributions waived on incapacity Miscellaneous receipts .. .. .. 013 0 £1,189 9s. 2d.) .. .. .. 7 752 10 11 Premium on conversion .. .. .. 636 7 1 Death: Refund of contributions (sections 15 (5) and 16) .. .. .. .. 24,950 15 8 Death : Allowances on account of widows and children (section 15) .. .. .. 11,873 5 2 Retirement: Allowances (sections 13 and 48) 46,403 19 9 Refund of contributions overpaid on exit .. 52 18 5 Expenses— Salaries .. .. .. .. 8,291 17 5 Commission, allowances, and agency expenses 4,001 6 7 Postages .. .. .. .. 293 18 3 Printing and stationery .. .. .. 286 12 0 Rent .. .. .. .. .. 634 17 4 Government Actuary .. .. .. 698 0 4 Post and Telegraph Department : Charges 610 15 0 Public Trustee : Charges .. .. 3,007 6 1 Travelling allowances and expenses .. 515 13 5 General expenses .. .. .. 509 1 4 Legal expenses .. .. .. .. 143 7 0 Amount of fund at end of year .. .. 4,037,792 14 9 £4,250,153 12 7 Balance-sheet as at 31st December, 1934. Liabilities. £ s. d. Assets. £ s d Fund as per Revenue Account .. .. 4,037,792 14 9 In hands of Public Trustee — Post Office .. .. .. .. 5,003 4 4 Invested .. .. .. .. 3,847 484 16 1 Claims due and in course of payment*— Uninvested .. .. .. .. '105316 6 7 Maternity .. .. .. .. 2,509 0 11 Balances in transit .. .. .. 7,727 13 2 Death (section 16) j. .. .. 379 7 3 Contributions outstanding or in course of Death (section 15 (5)) .. .. .. 1,262 11 5 transmission*— Death : Allowances (section 15) .. .. 342 4 5 (a) Contributions due but not overdue .. 10 028 14 2 Allowances (sections 13 and 48) .. .. 1,668 711 (bj Contributions overdue .. .. 2,'664 19 2 Allowances (section 17) .. .. .. 224 17 0 Government subsidy due under Act* .. 56'732 11 7 Expenses due and in course of payment*— Refund due in respect of maternity claims* .. 2',204 0 0 Sundry creditors .. .. .. 4,025 0 3 Pines due* .. .. * .. "167 12 11 Commission, allowances, and agency expenses 612 12 7 Interest due* .. .. .. .. 29 386 19 7 Refunds in suspense .. .. .. 43,704 13 11 Interest accured but not due* .. " 45!7)7 6 1 Suspense Account .. .. .. 144 11 5 Contributions prepaid .. .. .. 9,761 13 2 £4,107,430 19 4 £4,107,430 19 4

* Included in Revenue Account.

R. WITHEFORD, Superintendent. R. M. Porteous, Wellington, Ist July, 1935. 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 J. H. Fowler, Deputy Controller and Auditor-General.

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