E.—B A,

12

TABLE VIII. SUMMARY OF TEACHERS' SUPERANNUATION FUND RESULTS. Valuation Balance-sheet as at 31st January, 1924. Liabilities. Males— £ £ Value of 344 pensions for £61,727 15s. per annum already granted .. 556,869 „ 152 pensions for £2,749 3s. per annum granted to widows .. 27,542 ~ 96 pensions for £1,248 granted to children .. .. .. 5,199 „ prospective pensions for back service .. .. .. 1,315,140 ~ prospective pensions for future service .. .. .. 897,259 ~ prospective pensions to widows .. .. .. .. 114,407 ~ prospective pensions to children .. .. .. .. 15,817 ~ return of contributions on death .. .. .. .. 10,931 ~ return of contributions on withdrawal .. .. .. 96,856 3,040,020 Females — Value of 486 pensions for £52,783 9s. per annum already granted .. 666 ,831 ~ prospective pensions for back service .. .. .. 1,102,493 „ prospective pensions for future service . . . . 1,152,226 „ prospective death benefits —viz., return of contributions and pensions to children .. .. .. .. 25.363 ~ return of contributions on withdrawal .. .. .. 138,764 ■ 3,085,677 £6,125,697 Assets. £ Accumulated funds .. .. .. .. .. .. .. .. 858.662 Value of future contributions from males .. .. .. .. .. .. 670,071 ~ future contributions from females .. .. .. .. .. 522,416 ~ subsidy of £68,000 per annum now being paid .. .. .. .. 1,700,000 ~ future subsidies to be provided .. .. .. .. .. 2,374,548 £6,125,697

TABLE IX. Statement showing Subsidies paid as Compared with Subsidies required under the System indicated in the Act.

Approximate Cost of Paver. —Preparation, not given ; printing (1,600 copies), £22 10s.

By Authority: W. A. G. Skinner, Government Printer, Wellington.—l 927.

Price 6d. J

Shortage Year ended Subsidy required. Subsidy received. Shortage. 4 * to Fnd of 1927. I £ £ £ £ 31st March, 1906 .. .. 5,000 —(5,000) —(11,850) 1907 .. 2,000 .. 2,000 4,558 1908 .. 5,000 .. 5,000 10,956 3Jst December, 1908 .. 5,000 .. 5,000 10,534 1909 .. 8,000 7,000 1.000 2,026 1910 .. 11,000 7,000 4,000 7,792 1911 .. 17,000 7,000 10,000 18,730 1912 .. 17,000 7,000 10,000 18,009 1913 .. 17,000 17,000 Nil 1914 .. 33,000 17,000 16,000 26,641 1915 .. 33,000 17,000 16,000 25,617 1916 .. 33,000 17,000 16,000 24,631 1917 .. 43,000 17,000 26,000 38,486 1918 .. 43,000 17,000 26,000 37,006 1919 .. 43,000 43,000 Nil 1920 .. 68,000 43,000 25,000 32,898 1921 .. ; 68,000 43,000 25,000 31,633 31st January, 1923* .. 73,667* 71,583 2,084 2,536 1924 .. j 93,000 63,833 29,167 34,121 Totals .. .. | 612,667 399,416 213,251 314,324 * Period of 13 months.