H —26A

TABLE IX. SUMMARY OF PUBLIC SERVICE SUPERANNUATION RESULTS. Valuation Balance-sheet as at 31st March, 1924. Males- Liabilities. £ £ Value of — 1,269 pensions for £229,726 Os. lOd. per annum already granted .. .. .. 2,113,894 516 pensions for £9,288 per annum granted to widows of contributors or pensioners .. .. .. .. .. .. .. .. 101,120 469 pensions for £6,097 per annum granted to children of deceased contributors or pensioners .. .. .. .. .. .. .. .. 24,121 Prospective pensions for back service .. .. .. .. .. .. 3,260,657 Prospective pensions for future service .. .. .. .. .. 2,773,701 Prospective pensions to widows '.. .. .. .. .. .. 441,013 Prospective pensions to children .. .. .. .. .. .. 81,887 Return of contributions on death . . .. .. .. .. .. 45,056 Return of contributions on withdrawal .. .. .. .. .. 710,830 9,552,279 Females — Value of— 108 pensions for £6,782 19s. lid. per annum already granted .. .. .. 84,853 Prospective pensions for back service .. .. .. .. .. .. 245,193 Prospective pensions for future service .. .. .. .. .. 233,934 Return of contributions on death and withdrawal .. .. .. .. 106,286 070,266 £10,222,545 Assets. £ Accumulated funds .. .. .. .. .. .. .. .. 2,103,543 Value of— Future contributions from males .. .. .. .. .. .. .. .. 2,429,693 Future contributions from females .. .. .. .. .. .. . . 155,136 Subsidy of £136,000 per annum now being paid .. .. .. .. .. .. 3,400,000 Future increases in subsidy to be provided .. .. .. .. .. ... 2,134,173 £10,222,545

TABLE X. Statement showing Subsidies paid as compared with Subsidies required under the System INDICATED IN THE ACT.

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'I 'I Year ended. j Subsidy required. ! Subsidy paid. i Shortage. , ** £ ! £ £ £ 31st December, 1908 . . (Say) 20,000 20,000 1909 .. (Say) 20,000 20,000 1910 .. (Say) 22,500 22,500 .. ' 1911 .. 48,000 23,000 25,000 ; 45,020 1912 .. 48,000 23,000 25,000 43,288 1913 .. 48,000 48,000 1914 .. 66,000 48,000 18,000 28,817 1915 .. 66,000 48,000 18,000 27,709 1916 .. 66,000 48,000 18,000 26,644 1917 .. 86,000 48,000 38,000 54,084 1918 .. 86,000 48,000 38,000 52,004 1919 .. 86,000 86,000 1920 .. 125,000 86,000 39,000 49,347 1921 .. 125,000 86,000 39,000 47,449 1922 .. 125,000 ; 86,000 39,000 ' 45,624 1923 .. 172,000 86,000 86,000 . 98,673 1st January to 31st March, 1924* .. 43,000 34,000 9,000 9,929 Totals .. .. 1,252,500 ' 860,500 j 392,000 528,588 * Taken as one-fourth of a full year's factors.