B.—l [Pt. IV

94

SUPERANNUATION

FUND.

PUBLIC SERVICE SUPERANNUATION FUND. Revenue Account for the Period Ist January, 1922, to 31st March, 1923.* £ s. d. I Retiring-allowances— £ s. d. Amount of fund at beginning of yoar 1,718,837 311 To members .. .. .. 239,343 4 1 Members' contributions under section To widows and children .. .. 18,189 9 4 29 (ordinary) .. .. .. 200,410 7 5 \ Contributions returned— Transfers from other superannuation Under section 40, Amendment Act funds .. .. .. .. 531 18 8 (left service) .. .. 09,145 8 11 Government subsidy!— £ Under section 42 (death).. .. 10,091 17 10 1922 .. .. .. 80,000 Under section 32 (cc) .. .. 325 9 5 1923 (proportion) .. 21,500 Under section 32 (f) .. .. 1,800 5 8 107,500 0 0 Under section 38 (retirement) .. 1,852 10 1 Interest .. .. .. .. 121,330 8 7 Interest, section 2, Amendment Act .. 852 1 2 Fines, &o. .. .. .. 500 17 10 Contributions to other superannuation Westport Harbour Board Superannua- funds (section 48) .. .. 204 0 7 tion Fund transferred .. .. 2,877 10 7 Kxpcnses— Salaries .. .. ... 3,077 8 3 Office expenses .. .. .. 485 11 11 Public Trustee's charges .. .. 3,035 11 1 Medical fees .. .. .. 80 12 6 Audit fees .. .. .. 50 0 0 Post Office oharges .. .. 50 0 0 Heating and lighting .. .. 19 14 8 Cleaning .. .. .. 107 14 0 Rent .. .. .. .. 150 0 0 Messenger service .. .. 75 0 0 Board members' election -expenses.. 12 12 0 Balance as at 31st March, 1923 .. 1,809,027 15 0 £2,217,988 13 0 £2,217,988 13 0 * Financial year altered from 31st December to 31 at March. t Government subsidy payable ia January of each year. Balance-sheet as at 3 Ist March, 1923. Liabilities. Assets. £ s. d. Superannuation Fund Amount invested by the Board .. 1,799,041 6 9 Account— £ s. d. £ s. d. Contributions due, in course of transBalance from Re- mission .. .. .. 23,457 16 7 venue Account .. 1,809,027 15 6 Interest duo and accrued .. .. 31,177 18 11 Amount of fees Cost-of-living bonus recoverable (Conremitted, &c. .. 100 0 10 solidatedFund).. .. .. 1,373 3 S 1,869,127 .10 4 Bank Account .. .. .. 94,947 4 10 Retiring and other allowances due, in Balance in hands of Public Trustee .. 11,877 9 7 course of payment— Rates and taxes paid on account of To members .. .. .. 2,480 12 2 mortgagors (recoverable).. 125 8 2 To widows and children .. .. 288 0 0 Refunds of contributions due, in course of payment — Under section 46, Amendment Act (left service) .. .. .. 1,827 12 4 Under sections 42 and 43 (death) .. 640 2 5 Expenses due, in course of payment— Office oxponses .. .. .. 38 10 7 Public Trustee's charges .. .. 779 9 0 Heating and lighting .. .. 013 2 Rent .. .. .. .. 30 0 0 Contributions paid in advance or in error 4,152 2 4 Valuation fees due to Valuation Department ... .. . . 515 0 Unclaimed Account (contributions, efee.) 1,855 5 1 Post Office Account .. .. 10,202 3 1 Balance Government subsidy* .. 04,500 0 0 £1,902,000 8 0 £1,902,000 8 (i * The Government subsidy is paid in January of each yoar. Owing to the change in the date of the financial year and to show the true position of the fund it is necessary to include this item as a liability. Subsidiary Account. Cost-ofdiving Bonus paid to Annuitants of the Public Service Superannuation Fund on behalf of the Treasury. £ s. d. £ s. d. To amount disbursed for period Ist Janu- By amount received from Treasury .. 21,402 13 3 ary, 1922, to 31st March, 1923 .. 22,775 16 11 Balance due .. .. .. 1,373 3 8 £22,775 16 11 £22,775 16 11 William M. Wright, Secretary, "R. S. Wogan, Accountant, Public Service Superannuation Board. 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. Campbell, Controller and Auditor-General.