H.—l7

1943 NEW ZEALAND

NATIONAL PROVIDENT FUND THIRTY-SECOND ANNUAL REPORT OF THE BOARD, FOR THE YEAR ENDED 31st DECEMBER, 1942

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 :— 1942. 1941. New contributors .. .. .. .. 2,687 3,230 Local bodies .. .. ~ .. .. 139 137 Total contributors ..' .. .. .. 28,508 28,347 Annuitants .. .. .. .. .. 1,229 1,144 £ £ Contributions .. .. .. .. .. 342,234 328,884 Interest.. .. .. .. .. .. 248,416 238,225 Total income .. .. .. .. .. 695,648 667,564 Annuity payments .. .. .. .. 104,379 97,781 Other benefits .. .. .. .. .. 158,043 157,937 Total outgo .. .. .. .. .. 266,149 258,638 Funds at end of year .. .. .. .. 6,862,358 6,432,859 Rate of interest, per cent... .. .. .. £3 15s. 9d. £3 17s. Id. PART lI.—STATE SUBSIDY (Section 74) The amount of subsidy paid by the State for the year was £82,719. A. H. Nordmeyer, Chairman of the Board. R. M. Porteous, Deputy Superintendent of the Fund. Wellington, 15th August, 1943.