1T.—17.

NATIONAL PROVIDENT FUND. (1) Revenue Account foe the Year ended 31st December, 1927. £ s. d. £ s. d. Amount of fund at beginning of year .. 1,652,901 18 3 Maternity claims (section 19) .. .. 7,080 0 0 Contributions .. .. .. .. 228,378 16 5 Maternity claims (approved friendly societies) 36,446 0 0 Interest .. .. .. .. 101,303 19 6 Refund of contributions on lapse, reduction, Fines .. .. .. .. .. 914 711 and withdrawal (sections 11, 12, 13, and 14) 51,811 9 7 Government contribution under Act .. 57, 856 15 4 | Incapacity allowances (sections 17 and 18), Refund of maternity claims by the State .. 43,526 0 0 i including contributions waived on incapacity Contributions overpaid on exit .. 14 8 1 (£430 2s. Id.) .. .. .. .. 2,941 8 6 Benefits refunded on exit .. .. .. 4,876 010 Death: Refund of contributions (sections Miscellaneous receipts .. .. .. 0 12 1 15 (5) and 16) .. .. .. .. 7,951 15 7 Death : Allowances on account of widows and children (section 15) .. .. .. 8,610 2 9 Retirement: Allowances (section 13) .. 17,691 1 2 Refund of contributions overpaid on exit .. 14 8 1 Amount of fund at end of year .. .. 1,957,226 12 9 £2,089,772 18 5 £2,089,772 18 5 Balance-sheet as at 31st December, 1927. Liabilities. £ s. d. Assets. £ s. d. Fund as per Revenue Account .. .. 1,957,226 12 9 ,In hands of Public Trustee — Claims due and in course of payment— Invested .. .. .. .. 1,854,356 12 8 Maternity .. .. .. .. 2,093 510 i Uninvested .. .. .. .. 24,984 5 4 Death (section 16) .. .. .. 114 3 0 Balance with Post Office .. .. .. 7,156 2 2 Death: Allowances (section 15) .. .. 386 7 9 Balances in transit .. .. .. 13,411 6 7 Allowances (section 13).. .. .. 750 83 Contributions outstanding or in course of Allowances (section 17) .. .. .. 179 4 11 transmission*— Refunds in suspense .. .. .. 33,290 15 7 j (a) Contributions due but not overdue .. 13,260 18 8 Deposits on incomplete applications to join fund 0 12 0 (b) Contributions overdue .. .. 3,777 0 9 Suspense Account .. .. .. 128 18 3 Government subsidy due under Act* .. 57,856 15 4 Contributions prepaid .. .. .. 7,058 9 7 Refund due in respect of maternity claims* .. 3,754 0 0 Investment Fluctuation Reserve (by transfer Fines due* .. .. .. .. 472 2 7 from refunds unclaimed) .. .. 13,829 5 4 Interest due* .. .. .. .. 5,705 0 6 Interest accrued but not due* .. .. 27,748 5 5 Writing off Suspense Account .. .. 2,575 13 3 £2,015,058 3 3 £2,015,058 3 3 * Included in Revenue Account. R. E. Hayes, Superintendent. R. M. Porteous, Wellington, Ist July, 1928. 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.— G-. F. C. Campbell, Controller and Auditor-General.

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