D.—s.

Table B.—Statement of Contributors.

Table C. —Statement of Investments. 1928. 1927. Funds invested at 31st March — £ s , d. £ s. d. At 4_ per cent. .. .. .. .. .. 5,500 0 0 5,500 0 0 „5 „ .. .. .. .. .. 17,535 0 0 17,535 0 0 „5| .. .. .. .. .. 170,045 0 0 152,045 0 0 ~ 5| „ .. .. .. 80,120 0 0 80,120 0 0 „6 „ .. .. .. .. .. 762,025 510 658,135 15 8 „6J „ .. .. .. .. .. 10,000 0 0 7,500 0 0 Repayments during March and held for investment as from Ist April.. .. .. .. .. .. 6,335-14 1 1,725 4 3 £1,051,560 19 11 £922,560 19 11 Per Cent. Per Cent. Average rate of interest on securities held, at 31st March .. 5820 5-790 Average rate of interest earned on the mean funds . . 5-758 5708 Table D. —Progress of the Fund. Balance forward. Allowances granted £ s. d. £ s. d. 1903 .. .. .. .. .. 7,056 11 9 1904 .. .. .. .. .. 40,357 17 3 12,010 14 8 1905 .. .. .. .. .. 68,670 7 8 8,519 7 8 1906 .. .. .. .. .. 90,984 1110 6,348 13 7 1907 .. .. .. .. •• 110,736 12 3 4,398 14 11 1908 .. .. .. .., .. 126,642 18 11 7,332 711 1909 .. .. .. .. .. 157,15114 9 6,359 11 0 1910 .. .. .. .. .. 173,876 1 8 11,828 0 6 1911 ~ .. .. .. .. 207,242 7 11 8,064 11 5 1912 .. .. .. .. .. 233,457 8 6 7,005 16 4 1913 .. .. .. .. .. 264,455 5 4 8,568 6 6 1914 .. .. .. .. .. 295.469 11 6 9,865 17 8 1915 .. .. .. .. .. 346,155 18 2 11,87114 3 1916 .. .. .. .. .. 362,810 4 2 9,662 2 5 1917 .. .. .. .. •■ 377,585 2 1 11,733 1111 1918 .. .. ■• .. •■ 373,097 12 7 8,386 4 0 1919 .. .. .. .. .. 363,804 4 4 9,252 17 8 1920 .. .. .. .. .. 408,232 10 8 20,341 7 3 1921 .. .. •• .. -. 464,490 17 0 20,346 8 9 1922 .. .. , .. .. .. 543,531 10 8 23,050 2 0 1923 .. .. .. .. .. 584,219 2 4 22,791 1 0 1924 .. .. .. .. •• 671,827 6 6 21,272 4 0 1925 .. .. .. .. •• 734,112 8 11 36,409 14 0 1925 (increased allowances to widows and children) .. .. 12,246 0 0 1926 .. .. .. .. •• 862,139 3 6 23,509 6 0 1927 .. .. ■• •• •■ 985,828 4 0 28,281 4 0 1928 .. .. .. .. ..1,111,199 112 21,120 12 0 £ s. d. 370,636 11 5 Less members died, &c. .. .. .. 110,740 5 3 Less liability of Working Railways Account on account increased payments to widows and children 12,454 0 0 123,194 5 3 Annual liability at 31st March, 1928 .. .. .. £247,442 6 2

3

3 per Cent. 4 per Cent. 5 per Cent. 6 per Cent. 7 per Cent. 8 per Cent. 9 per Cent. Total. Contributors at commencement of year New contributors during year 2,386 568 8,942 373 1,420 58 229 4 15 4 13,564 435 Total Contributors discontinued, during year 2,386 45 568 37 9,315 235 1,478 50 233 6 15 4 1.3,999 373 Total contributors at 31st March, 1928 2,341 531 9,080 1,428 227 15 4 13,626