H. 17

1942. NEW ZEALAND.

NATIONAL PROVIDENT FUND. THIRTY-FIRST ANNUAL REPORT OF THE BOARD, FOR THE YEAR ENDED 31st DECEMBER, 1941.

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). The report this year is confincd to the following figures and tables: — 1941. 1940. New contributors .. .. .. •• •• 3,230 2,950 Local bodies .. .. .. .. . • 137 133 Total contributors .. .. .. .. 28,347 28,302 Annuitants .. .. .. •• •• 1,144 1,025 £ £ Contributions .. .. .. .. . • 328,884 309,499 Interest 238,225 225,546 Total income 667,564 627,086 Annuity payments .. .. .. .. 97,781 89,737 Other benefits .. .. .. .. .. 157,937 158,895 Total outgo .. .. .. .. • • 258,638 251, 567 Funds at end of year .. .. .. 6,432,859 6,023, 934 Rate of interest, per cent. .. .. .. ..£3 17s. Id. £3 17s. lOd. PART lI.—STATE SUBSIDY (Section 74). The amount of subsidy paid by the State for the year was £80,324. A. H. Nordmeyer, Chairman of the Board. R. M. Porteous, Deputy Superintendent of the Fund. Wellington, Ist October, 1942.