B.—l [Pt. IV

TEACHERS' SUPERANNUATION FUND. Revenue Account for the Period from Ist January, 1922, to 31st January, 1923. £ s. d. i £ s. d. To Balanoe, 31st December, 1921 .. 681,776 13 8 By Retiring and other allowances .. 100,13110 4 Contributions of mem- £ s. d. Contributions refunded — bers .. .. 104,400 19 10 On voluntary retire- £ s. d. Less rebate under merit .. .. 10,052 15 0 section 11 (2) of On death of member 4,834 1.1 6 the Publio Expen- On lapse of memberditure Adjustment ship .. .. 1,452 18 2 Act, 1921-22 .. 4,209 5 8 On cancellation of —' 100,191 14 2 membership (wrongly Contributions transferred from other admitted) .. 16 12 0 funds.. .. .. .. 117 9 3 10,350 17 2 Government subsidy Contributions transferred to other funds 394 7 4 under the Aot— Interest allowed on amounts wrongly Thirteen months £ s. d. held in fund .. .. .. ,408 at £43,000 per Administration expenses — £ s. d. annum .. 40,583 0 8 Commission, G.P.O. 290 0 0 ' Additional amount Commission, Public voted for 1922.. 25,000 0 0 Trustee .. 1,007 5 2 - 71,583 0 8 Office expenses .. 170 3 6 Intorest — Postage and telegrams 111 3 4 On investments .. 44,847 14 0 Travelling-expenses of On arrears of con- Board members .. 117 2 5 tributions .. 193 3 9 Clerical assistance . . 325 0 0 45,040 17 9 Medical fees .. 36 15 0 Aotuarial investigation .. .. 20 4 7 Audit fees.. .. 50 0 0 2,187 14 6 Balance, 31st January, 1923 ..779,635 5 6 £898,710 1 0 £898,710 1 0 Cost-of-living Bonus Account for the Period ended 31st January, 1923. £.s. d. j £ s. d. To Refund from Consolidated Fund .. 0,070 111: By Balance due from Consolidated Fund at 31st December, 1921 .. .. 29 7 7 Payment of bonus .. .. 6,041 6 6 Balance due to Consolidated Fund .. 5 710 £0,070 1 11 i £6,076 1 11 Balance-sheet as at 31st January, 1923. Liabilities. £ s. d. Assets. £ s. d. Fund as per Revenue Account .. 779,635 5 6 Amount held by Publio Retiring and other allowances due and Trustee—• £ s. d. unpaid .. .. •- ■■ 977 17 7 Invested .. ..736,348 711 Refund of contributions due and unpaid 2,772 16 9 Uninvested .. .. 72,939 2 0 Contributions to be transferred to other 809,287 9 11 funds .. .. . • • • 54 16 6 Contributions of members— Rebate of contributions under Section 11 In transit .. .. 3,681 5 3 (2) of the Public Expenditure Adjust- Due and outstanding .. 2,609 6 1 ment Act, 1921-22 .. .. .. 26 15 1 6,290 11 4 Administration expenses unpaid— Interest on investments — Commission, Post and Tele- £ s. d. Duo and outstanding .. 2,532 5 4 graph Department ..90 7 0 Accrued, but not due .. 11,258 8 8 Audit fee .. .. 50 0 0 13,790 14 0 140 7 0 Interest on arrears of contributions due Unclaimed contributions .. .. 1,385 11 0 and outstanding .. .. .. 153 15 2 Amounts overpaid or paid in error into Amounts overpaid— fund .. .. .. •• 16 18 0 Retiring-allowance .. 33 5 0 Department of Internal Affairs— Refund of contributions 0 11 0 On account of cost-of-living bonus .. 5 710 33 16 0 Amount paid in advance — Government subsidy (for period to 31st Deoembor, 1923) .. •• 39,416 13 4 Vouchors issued but unpaid £ s. d. at 31st December, 1923.. 7,296 0 4 Less cash in hands of Post Offico .. .. 2,178 4 0 — 5,117 16 4 £829,556 6 5 £829,556 6 5 C. E. Crawford, Secretary, Teachers' Superannuation Board, Education Department.

96