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NATIONAL PBOVIDENT FUND. Revenue Account for the Year ended 31st December, 1939. Amount of Fund at beginning of year (Ist £ s. d National Provident Fund Act, 1926 — £ s. d. January, 1939) .. .. •• •• 5,290,257 14 3 Maternity claims (section 19) .. .. 2,172 0 0 National Provident Fund Act, 1926— Maternity claims (section 43) .. .. 23,634 0 0 Contributions .. . • •. • • 299,308 2 9 Befund ot contributions on lapse, reduction, Interest .. .. .. 212,626 19 0 and withdrawal (sections 11, 12, and 13) .. 96,298 15 5 Fines (section 11 (4) ) .. .. .. 427 8 9 Befund of contributions in lieu of annuity Government contribution under Act (sec- (section 14) .. .. .. 11,678 18 11 tions 52 and 74 (2)) .. .. .. 76,662 1 7 Incapacity allowances (sections 17 and 18), Befund of maternity claims by the State including contributions waived on incapacity (sections 42 (2) and 70) .. .. 25,770 0 0 (£1,538 95.) 9,826 7 6 Contributions overpaid on exit .. .. 76 6 7 Death: Befund of contributions (sections Benefits refunded on exit (sections 11 to 16 15 (5) and 16) .. .. .. 32,138 8 6 and 28) .. .. .. .. 16,443 7 2 Death: Allowances on account of widows Miscellaneous receipts .. .. 4 2 5 and children (section 15) .. .. 12,772 8 4 Befunds unclaimed .. .. .. 809 13 1 Annuities (sections 13 and 48) .. .. 82,352 19 10 Befund of contributions overpaid on exit .. 76 6 7 Public Trustee: Charges .. .. .. 2,861 11 0 Legal expenses .. .. .. .. 159 711 Amount of Fund at end of year (31st December, 1939) .. .. .. .. .. 5,648,414 11 7 £5,922,385 15 7 £5,922,385 15 7

Balance-sheet as at 31st December, 1939. Liabilities. £ s. d. Assets. Fund as per Bevenue Account .. .. 5,648,414 11 7ln hands of Public Trustee — £ s. d. National Provident Fund Act, 1926 — Invested .. .. .. .. 5,618,373 10 10 Claims due and in course of payment*— Uninvested .. .. .. .. 4,480 18 9 Maternity (sections 19 and 43) .. .. 1,649 13 11 Post Office .. .. .. • ■ 4,554 2 0 Death: Refunds (section 16) .. .. 1,730 11 3 Balances in transit .. .. .. 8,706 6 7 Death : Befunds (section 15 (5)) .. 4,169 11 3 National Provident Fund Act, 1926— Death: Allowances (section 15) .. 300 011 Contributions outstanding or in course of Annuities (sections 13 and 48) .. .. 2,759 0 2 transmission*— Allowances (section 17) .. •• 272 12 11 (a) Contributions due but not overdue .. 12,108 17 7 Public Trustee : Charges* .. .. .. 1,156 15 10 (b) Contributions overdue .. .. 2,154 15 6 Befunds in Suspense .. .. •• 62,639 15 10 Government subsidy due under Act* (sections 52 Suspense Account .. •• 676 14 10 and 74 (2)) .. .. .. 76,662 1 7 Contributions prepaid .. .. .. 13,268 0 1 Befund due in respect of maternity claims* Investment Fluctuation Beserve .. .. 72,300 10 4 (sections 42 (2) and 70) .. .. .. 3,552 0 0 Fines due* (section 11 (4) ) .. .. 135 6 8 Interest due* .. . ■ 9,017 8 4 Interest accrued but not due* .. .. 67,592 11 1 £5,807,337 18 11 £5,807,337 18 11 ♦ Included in Revenue Account. R. Sinel, Superintendent. Wellington, Ist July, 1940. R- M. Porteous, A.R.A.N.Z., Accountant.

I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, except that the Department has, without authority, given retrospective effect to section 26 of the Finance Act (No. 2), 1939, involving thereby over-refunds of contributions to the amount of £1,354.' —Cyril G. Collins, Controller and Auditor-General.

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