H.—l7

NATIONAL PROVIDENT FUND Revenue Account for the Year ended 31st December, 1944 Amount of Fund at beginning of year (Ist January, £ National Provident Fund Act, 1926 — £ 1944) .. .. .. .. .. 7,293,137 Maternity claims (section 19) .. .. .. 6 National Provident Fund Act, 1926— Refund of contributions on lapse, reduction, and Contributions.. .. .. .. .. 357,887 withdrawal (sections 11, 12, and 13) .. .. 108,424 Interest .. .. .. .. .. 270,977 Refund of contributions in lieu of annuity (section 14) 14^538 Fines (section 11 (4) ).. .. .. .. 178 Incapacity allowances (sections 17 and 18), including Government contribution under Act (sections 52 and contributions waived on incapacity (£1,371) .. 9,631 74 (2)) .. .. .. .. .. 88,030 Death: Refund of contributions (sections 15 (5) Refund of maternity claims by the State (sections and 16) .. .. .. .. 46,389 42 (2) and 70) .. .. .. .. 6 Death: Allowances on account of widows and childContributions overpaid on exit .. .. .. 232 ren (section 15) .. .. .. .. 13 767 Benefits refunded on exit (sections 11 to 16 and 28) .. 25,402 Annuities (sections 13 and 48) .. .. 118*900 Miscellaneous receipts .. .. .. .. 4 Refund of contributions overpaid on exit .. .. '232 Premium on conversion .. .. .. .. 11,957 Public Trustee: Charges .. .. .. 2,799 War-risk insurance premiums .. .. .. 291 Amount of Fund at end of year (31st December, 1944) 7,732,833 £8,047,810 £8,047,810

Balance-sheet as at 31st December, 1944 Liabilities £ Assets £ Fund as per Revenue Account .. .. .. 7,732,833 In hands of Public Trustee— Disbursement Account .. .. .. .. 1,242 Invested .. .. .. ..7 651 063 National Provident Fund Act, 1926— Uninvested .. .. .. .. °' ' j0'274 Claims due and in course of payment*— Post Office .. .. .. .. .. 13'611 Death: Refunds (section 16).. .. .. 2,040 Balances in transit .. .. .. 25*397 Death: Refunds (section 15 (5)) .. .. 1,018 National Provident Fund Act, 1926— Death : Allowances (section 15) .. .. 94 Contributions outstanding or in course of transAnnuities (sections 13 and 48) .. .. 688 mission*— Allowances (section 17) .. .. .. 2 (a) Contributions due but not, overdue .. 15,415 Public Trustee: Charges* .. .. .. 944 (b) Contributions overdue .. .. .. 1'762 Refunds in Suspense .. .. .. .. 70,983 Government subsidy due under Act* (sections 52 and Suspense Aocount .. .. .. .. 1,586 74(2)) .. .. .. __ gg 030 Contributions prepaid .. .. .. .. 16,057 Fines due* (section 11 (4)) .. '. '113 Investment Fluctuation Reserve .. .. .. 71,255 Interest due* .. .. .. ~ 3 294 Interest accrued but not due* .. .. .. 89'783 £7.898,742 £7,898,742 $ ♦ Included in Revenue Account. R. M. Porteous, Superintendent. Wellington, 16th July, 1945. % 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. Cyril G. Collins, Controller and Auditor-General.

2