B.—l [PT. IY, Sup.] .

PUBLIC SERVICE SUPERANNUATION FUND. Revenue Account for the Year ended 31st March, 1925. £ a. d. , Amount of fund at beginning of year.. 2,039,042 19 11 Retiring-allowances — £ s. d. Members'contributions— To members .. .. .. 244,882 0 0 Under section 29 (ordinary) .. 231,626 16 3 To widows and children .. .. 15,826 6 4 Transfers from other superannuation Contributions returned— funds .. .. .. 102 15 10 Under section 46 (aa) (left service) .. 40,518 3 7 Interest on contributions.. .. 29 15 2 Under section 42 .. .. 6,875 1 6 Government subsidy— £ Under section 32 (/) .. .. 2,768 16 1 Statutory .. .. 86,000 Under section 38 .. .. 192 4 8 Additional .. .. 50,000 Contributions to other superannuation 136,000 0 0 funds (section 48) .. .. 271 15 7 Interest on investments .. .. 122,480 13 8 Expenses— Fines, &e. .. .. .. 333 17 7 Salaries .. .. .. 2,692 17 3 Medical fees .. .. .. 42 0 0 Postage, services, &e. .. .. 199 510 Audit fees .. .. .. 50 0 0 Heating and lighting .. .. 16 9 0 Rent .. .. .. .. 149 i 1 Cleaning .. .. .. 104 19 1 Messenger service .. .. 75 0 0 » Furniture and fittings .. .. 40 6 4 Office appliances .. .. 472 7 6 Contingencies .. .. .. 46 0 5 Printing and stationery .. .. 169 3 6 Typewriters, &c. (upkeep) .. 8 6 11 Public Trustee's charges .. .. 3,061 17 6 Balance as at 31st March, 1925 .. 2,211,154 16 3 £2,529,616 18 5 £2,529,616 18 5 Balance-sheet as at 31st March, 1925. Liabilities. £ s. d. Assets. £ s. d. Superannuation Fund Account— Amount invested by the Board .. 2,208,096 13 11 Balance from Revenue Account .. 2,211,154 16 3 Contributions due, in course of transLess amount transferred to Stipen- mission .. .. .. 17,463 7 2 diary Magistrates' Fund Account 13,754 15 5 Interest due and accrued .. .. 38,111 16 6 Cost-of-living bonus recoverable (Con--2,197,400 0 10 solidated Fund).. .. .. 93 3 2 Retiring and other allowances due, in Rates and taxes paid on behalf of course of payment— mortgagors (recoverable).. .. 11 16 7 To members .. .. .. 2,190 13 2 Sundry debtors .. .. .. 10 0 0 To widows and children .. .. 94 16 8 Balance in hands of Public Trustee .. 19,601 14 10 Refunds of contributions due, in course Bank account .. .. .. 17,785 13 1 of payment— Under section 46 (aa) (left service).. 843 2 1 Under sections 42 and 43 (death) .. 422 9 10 Under section 38 •. ■ • 55 19 1 Under section 48 • ■ .. 190 11 9 Expenses due, in course of payment— Heating and lighting .. .. 12 6 Publio Trustee's charges .. .. 952 15 11 Printing and stationery .. .. 2 14 7 Contributions paid in advance or in error .. .. .. •• 5,189 9 11 Unclaimed Account (contributions, &e.) .. .. .. .. 1,116 19 0 Post Office Account .. .. 14,391 18 8 Balance, Government subsidy* .. 64, 500 0 0 Mortgage Security Purchase Account 66 15 10 Stipendiary Magistrates' Superannuation Fund .. •• •• 13,754 15 5 £2,301,174 5 3 £2,301,174 5 3 * The Government subsidy is paid in January of each year. Owing to the change in the date of the financial year, to show the true position of the fund it is necessary to state this item as a liability. Subsidiary Account. Cost-of-living 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 April, By Amount received from Treasury .. 17,135 16 3 1924, to 31st March, 1925 .. 17,228 19 5 Balance due .. .. .. 93 3 2 £17,228 19 5 £17,228 19 5 William M. Wright, Secretary, R. S. Wogjan, Accountant, Wellington, 15th June, 1925. 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.

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