B.—l [Pt. IV].

TEACHERS' SUPERANNUATION FUND. Revenue Account for the Year ended 31st January, 1931. £ s. d. £ s. d. To Balance, 31st January, 1930 .. .. 1,198,711 3 8 By Retiring and other allowances .. .. 235,90110 6 Contributions of members .. .. 142,343 16 11 Contributions refunded— £ s. d. Additional contribution from Fiji Govern- On voluntary retirement .. 25,040 12 5 ment in respect to teachers in Fiji schools 254 118 On death of members .. 3,227 0 3 Contributions transferred from other funds 793 7 2 On lapse of membership .. 944 15 11 Government subsidy— £ s. d. 29,212 8 7 Under the Public Service Contributions transferred to other funds .. 92 8 0 Superannuation Ac t, Administration expenses— £ s d 1927, section 112 .. 43,000 0 0 Commission, G.P.O. .. 501 15 0 Under the Act, section 112 Commission, Public Trustee 1,815 18 9 (additional) .. 75,000 0 0 Clerical assistance .. 900 0 0 Under the Act, section 114 3,939 811 Postage and telegrams .. 77 15 7 Additional grant (part of Office expenses, printing, &c. ]14 17 0 £25,000 for year ended Travelling-expenses of Board 31st March, 1930) .. 4,166 13 4 members .. .. 113 10 3 126,106 2 3 I Medical fees .. .. 35 14 0 Interest— Audit fees .. .. 50 0 0 On investments .. 72,538 10 6 3,609 10 7 On contributions in arrears 566 7 11 Actuarial investigation as at 73,104 18 5 31st January, 1930 (in progress), reserve for cost .. .. 350 0 0 Balance, 31st January, .1931 .. 1,272,148 2 5 £1,541,314 0 1 £1,541,314 0 1 Cost-op-living Bonus to Annuitants Account for the Year ended 31st January, 1931. £ s. d. £ s . d. To Refund from Consolidated Fund .. .. 1,619 6 8 By Balance due from Consolidated Fund, 31st Balance due from Consolidated Fund, 31st Janu- January, 1930 .. .. .. .. 141 0 11 ary, 1931 .. .. .. .. 131 0 3 Payment of bonus .. .. .. 1,609 6 0 £1,750 6 11 £1,750 6 11 —i i i Balance-sheet as at 31st January, 1931. Liabilities, £ s. d. Assets. Fund as per Revenue Account .. .. 1,272,148 2 5 Amount held by Public Retiring and other allowances due and unpaid 2,341 7 1 Trustee— £ s. d. £ s. d. Refund of contributions due and unpaid .. 791 9 4 Invested .. .. 1,250.115 14 1 Administration expenses due and Invested in Common Fund 37,000 0 0 unpaid— Uninvested .. .. 4,794 0 1 Commission, Post and Telegraph £ s. d. 1 291 909 14 2 Department .. .. 159 10 0 Contributions of membersClerical assistance .. .. 750 0 0 In transit .. .. 1,240 5 2 Postage and telegrams .. 66 13 4 Due and outstanding .. 5,375 14 4 Office expenses, printing, and 6 615 19 6 stationery .. .. 22 6 10 Interest on investmentsAudit fee .. .. .. 41 13 4 Due and outstanding .. 3,861 15 7 1,040 3 6 Accrued, but not due .. 20,753 19 0 Unclaimed contributions .. .. 693 9 4 24 615 14 7 Amounts paid into fund in error .. 292 010 Interest on arrears of contributions due and outGovernment subsidy —Statutory standing (contributors') .. .. .. 433 15 3 grant paid in advance for 1931 39,416 13 4 Due by annuitants (contributions and interest) 150 14 7 Less additional subsidy under Due by Consolidated Fund, on account of costsection 114 of Act not yet paid 325 19 8 of-living bonus .. .. .. .. 131 0 3 Less additional subsidy under section 114, payable in respect to allowances outstanding at 31st January, 1931 .. .. 80 17 0 39,009 16 8 Reserve — For commission payable to Public Trustee in respect to interest due or accrued .. 615 8 0 For commission to Post and Telegraph Department in respect to vouchers issued but unpaid .. .. 33 10 6 For actuarial investigations .. 350 0 0 998 18 6 Reserve for loss on realization of securities .. .. .. .. 4 10 8 Vouchers issued but unpaid at 31st January, 1931 .. .. 15,814 1 6 Less cash in Post Office .. 9,277 1 6 6,537 0 0 £1,323,856 18 4 £1,323,856 18 1 0. E. Crawford, A.R.A.N.Z... Secretary, Teachers' 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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