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TEACHERS' SUPERANNUATION BOARD. Revenue Account for the Year ended 31st December, 1921. i! s. d. £ s. d. To Balance, 31st Deoember, 1920 ..599,302 16 2 By Retiring and other allowances .. 74,31115 10 Contributions of members .. .. 90,390 17 8 Contributions refunded — £ s. d. Contributions transform! from other On voluntary retirement 11,547 1 0 funds .. .. .. .. 17 16 9 On death of contributor 2,106 3 4 Government subsidy .. .. 43,000 0 0 On lapse of membership 2,056 9 2 Interest— £ s. d. 15,709 13 6 On Investments .. 35,007 12 0 Contributions transferred to other funds 94 15 6 On arrears of ooji- Administration expenses— £ s. d. tributions .. 77 19 5 Commission, G.P.O. .. 258 13 0 35,145 11 5 i Commission, Public Trustee .. .. 809 6 4 Office oxpenses .. 105 15 5 Postage and telegrams 98 18 8 Travelling - exponses of Board members .. 89 5 2 Clerical assistance .. 300 0 0 Medical fees .. .. 35 14 0 Actuarial investigation 213 10 11 , Audit fees .. .. 50 0 0 1,961 3 0 Balanoe, 31st December, 1921 ..081,776 13 8 £773,857 2 0 £773,857 2 0 Cost-of-living Bonus Account for the Year ended 31st December, 1921. £ s. d. £ s. d. To Refund from Consolidated Fund .. 11,697 1 2 By Balance due from Consolidated Fund Balance due by Consolidated Fund .. 29 7 7 at 31st December, 1920 .. .. 2,480 5 0 Payment of bonus .. .. .. 9,246 3 9 £11,726 8 9 £11,726 8 9 Balance-sheet as at 31st December, 1921. Liabilities. £ s. d. 1 Assets. £ s. d. Fund as per Revenue Account .. .. 681,776 13 8 j Amount held by Public Retiring and other allowances due and Trustee— £ s. d. unpaid .. .. .. .. 605 7 0 Invested .. .. 056,585 5 2 Refunds of contributions on death of Uninvested .. .. 10,678 13 0 contributor due and unpaid .. ... 1,324 16 10; 667,263 18 2 Administration expenses due and un- Contributions of members— paid— £ s. d. In transit .. .. 552 12 1 Clerical assistance .. 300* 0 0 Due and outstanding .. 2,680 14 4 Commission, G.P.O. .. 76 5 6 3,233 0 5 Offioe expenses .. .. 13 17 0 Interest on investments — Postage and telegram-* .. 98 18 8 Due and outstanding .. 2,395 13 5 Medical fees .. .. 11 11 0 Accrued, but not due .. 9,237 16 6 Actuarial investigation .. 213 10 11 11,633 911 Audit fees .. .. 50 0 0 Interest on arrears of contributions due and 764 3 1 ! outstanding .. .. .. 262 13 3 Amounts held pending decision as to Department of Internal Affairs— amending legislation .. .. 49 8 6 ! Cost-of-living bonus paid to annuitants.. 29 7 7 Unclaimed contributions .. .. 2,484 15 3 Retiring-allowances overpaid .. .. 244 6 0 Contributions overpaid and paid in error.. 93 7 8 Cash in hands of General Post Offioe.. .. 6,475 7 8 Less vouchers issuod but unpaid .. 2,043 17 0 4,431 10 8 £687,098 12 0 £687,098 12 0 C. E. Crawford, Education Department, Secretary, Teachers' Superannuation Board. Wellington, 31st March, 1922. 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.- G. F. C. Campbull, Controller and Auditor-General.