H.—l7

1944 NEW ZEALAND

NATIONAL PROVIDENT FUND THIRTY-THIRD ANNUAL REPORT OF THE BOARD, FOR THE YEAR ENDED 31st DECEMBER, 1943

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 confined to the following figures and tables : — 1943. 1942. New contributors .. .. .. .. 2,846 2,687 Local bodies 144 139 Total contributors .. .. .. .. 28,352 28,508 Annuitants .. .. .. .. .. 1,324 1,229 £ £ Contributions .. .. .. .. .. 349,096 342,234 Interest .. .. .. .. .. 260,018 248,416 Total income .. .. .. .. .. 718,075 695,648 Annuity payments .. .. .. .. 110,233 104,379 Other benefits .. .. .. .. .. 173,046 158,043 Total outgo .. .. .. .. .. 287,295 266,149 Funds at end of year .. .. .. .. 7,293,137 6,862,358 Rate of interest, per cent. .. .. .. £3 14s. Id. £3 15s. 9d. PART lI.—STATE SUBSIDY (Section 74) The amount of subsidy paid by the State for the year was £86,573. A. H. Nordmeyer, Chairman of the Board. R. M. Porteous, Deputy Superintendent of the Fund. Wellington, 25th July, 1944.