H.—26.

Revenue Account foe the Year ended 31st March, 1928. £ s. d. £ s. d. Amount of fund at beginning of year 2,429,290 711 Retiring-allowances— Members' contributions — To members .. .. .. 307,352 4 2 Under section 19 (ordinary) .. 248,790 5 1 To widows and children .. .. 30,785 16 2 Transferred from other superan- Contributions returned— nuation funds .. .. 510 10 2 Under section 37 (left service) .. 34,352 11 8 Interest on arrears of contributions 439 8 1 Under section 42 .. .. 14,722 4 6 Government subsidy— Under section 34 .. .. 939 3 0 Statutory .. .. .. 86,000 0 0 Under section 22 (17) .. .. 178 16 5 Section 114, Public Service Super- Contributions to other superannuation annuation Act, 1927 .. .. 13,810 10 0 funds (section 120) .. .. 465 8 2 Interest on investments .. .. 146,351 3 6 Loss on realization of security .. 1,658 7 7 Fines, &c. .. .. .. 305 5 2 Expenses— Subsidy—Cook Islands and Samoa .. 1,144 10 2 Medical fees .. .. .. 66 3 0 £ s. d. Salaries .. .. .. 2,723 2 0 Refunds, adjusting charges 123 0 4 Audit fees .. .. .. 50 0 0 76 2 6 Heating and lighting .. .. 9 15 3 199 2 10 Rent .. .. .. .. 197 0 0 Cleaning .. .. .. 65 14 4 Messenger service .. .. 53 5 0 Public Trustee's charges .. .. 3,638 0 6 Furniture and fittings .. .. 614 11 Contingencies .. .. .. 54 18 5 Printing and stationery .. .. 167 17 4 Typewriter and other machines (upkeep) .. .. .. 7 18 6 Postages, telegrams, and services .. 165 10 0 Post and Telegraph charges .. 726 6 6 Balance as at 31st March, 1928 .. 2,528,454 5 6 £2,926,841 2 11 £2,926,841 2 11 Balance-sheet as at 31st March, 1928. Liabilities. Assets. Superannuation Fund Account— £ s. d. £ s. d. Balance due from Revenue Account 2,528,454 5 6 Amount invested by the Board .. 2,533,438 18 1 Add value of office furniture, fittings, Contributions due in course of transand machinery .. .. 565 12 4 mission .. .. .. 21,304 18 4 Interest due and accrued .. .. 44,455 0 1 2,529,019 17 10 SubsidyRetiring and other allowances due, in Cook Islands and Samoa .. 160 10 5 course of payment — Section 114, Public Service SuperanTo members .. .. .. 3,165 4 0 nuation Act, 1927 .. .. 54 13 2 To widows and children .. .. 360 8 2 Balance in hands of Public Trustee .. 12,253 7 7 E«fund of contributions due, in course Bank account .. .. .. 5,195 0 9 of payment— Office furniture, fittings, and machinery 565 12 4 Under section 37 (left service) .. 1,233 0 5 Rates and taxes paid on account of Under section 42 (death) .. 654 10 0 mortgagors (recoverable).. .. 2,032 16 4 Under section 120 (other funds) .. 95 10 10 Cost-of-living bonus (recoverable from Expenses due, in course of payment— Consolidated Fund) .. .. 260 4 4 Medical fees .. .. .. 2 2 0 Sundry debtor—Mortgage Account .. 282 15 4 Public Trustee's charges .. .. 1,1117 6 Heating and lighting .. .. 1 18 9 Printing and stationery .. .. 7 5 9 Post and Telegraph charges .. 152 2 6 Typewriter, &c. (upkeep) .. 0 9 0 Postages, &c. .. .. .. 9 0 4 Contributions paid in advance or in error .. .. .. 289 11 4 Unclaimed account (contributions, &c.) 1,613 6 1 Balance, Government subsidy* .. 64,500 0 0 Post Office Account .. .. 17,788 2 3 £2,620,003 16 9 £2,620,003 16 9 * 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. £ g. (J, To Amount disbursed for period Ist April, By Amount received from Treasury .. 3,170 311 1927 to 31st March, 1928 .. 3,430 8 3 Balance due, 31st March, 1928 .. 260 4 4 £3,430 8 3 £3,430 8 3

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