H.—17.

1941. NEW ZEALAND.

NATIONAL PROVIDENT FUND. THIRTIETH ANNUAL REPORT OF THE BOARD, FOR THE YEAR ENDED 31st DECEMBER, 1940.

Presented to both Houses of the General Assembly 'pursuant to the National Provident Fund Act, 1926, Sections 72 and 74.

PART I.—THE FUND (Section 72). Owing to the exigencies of the times the report this year is confined to the following figures and tables : — 1940. 1939. New contributors .. .. .. .. .. 2,950 2,997 Local bodies .... 133 129 Total contributors .. .. .. .. 28,302 28,729 Annuitants .. .. .. .. .. 1,025 935 £ £ Contributions .. .. .. .. .. 309,499 299,308 Interest .. .. .. 225,546 212,627 Total income .. .. .. .. .. 627,086 632,128 Annuity payments .. .. .. .. 89,737 82,353 Other benefits .. .. .. .. .. 158,895 188,521 Total outgo .. .. .. .. .. 251,567 273,971 Funds at end of year .. .. .. .. 6,023,934 5,648,415 Rate of interest, per cent. .. .. .. ..£3 17s. lOd. £3 18s. 3d. PART lI.—STATE SUBSIDY (Section 74). The amount of subsidy paid by the State for the year was £76,444. A. H. Nordmeyer, Chairman of the Board. R. M. Porteous, Deputy Superintendent of the Fund. Wellington, 21st August, 1941.