B.—l [PT. IV].

TEACHERS' SUPERANNUATION FUND. Revenue Account foe the Year ended 31st January, 1932. £ s. d. £ s. a. To Balance, 31st January, 1931 .. .. 1,272,148 2 5 By Retiring and other allowances .. .. 254,927 3 4 £ s. d. Contributions refunded— £ s. d. Contributions of members .. 136,693 7 9 On voluntary retirement .. 24,419 10 10 Less rebate under section On death of members .. 4,447 511 8 (2) of Finance Act, 1931 20,969 19 1 On lapse of membership .. 1,745 11 8 115,723 8 8 30,612 8 5 Additional contribution from Fiji Government Contributions transferred to other funds .. 16 0 0 in respect to teachers in Fiji schools .. 238 7 2 Administration expenses— £ s. d. Government subsidy— £ s. d. Commission, G.P.O. .. 506 11 6 Under the Act, section 11.2 43,000 0 0 Commission, Public Trustee 2,120 14 0 Under the Aot, section 114 3,916 12 10 Clerical assistance .. 900 0 0 46,916 12 10 Postage and telegrams .. 138 5 8 Interest — Office expenses .. . . 80 19 9 On investments .. 72,603 10 11 Travelling-expenses of Board 110 3 2 On contributions in arrears 78 4 9 members 72,681. 15 8 Medical fees .. .. 28 7 0 Audit fees .. . . 50 0 0 3,935 1 1 Actuarial investigation as at 31st January, 1930 . . 402 0 0 Less reserved last year . . 350 0 0 52 0 0 Balance, 31st January, 1932 .. .. 1,218,165 13 11 £1,507,708 6 9 £1,507,708 6 9 Cost-of-living Bonus Account for the Year ended 31st January, 1932. £ s. d. £ s. d. To Refund from Consolidated Fund .. .. 1,547 310 By Balance due from Consolidated Fund, January, Balance due from Consolidated Fund, 31st Janu- 1931 .. .. .. •• 131 0 3 ary, 1932 .. .. .. •• 128 3 9 Payment of bonus .. .. .. .. 1,544 7 4 £1,675 7 7 £1,675 7 7 Balance-sheet as at 31st January, 1932. Liabilities. £ s. d. Assets. Fund as per Revenue Account .. .. 1,218,165 13 11 Amount held by Public Retiring and other allowances due and unpaid .. 2,640 16 9 Trustee — £ s. d. £ s. d. Refund of contributions due and unpaid .. 1,225 18 8 Invested .. .. 1,217,174 7 9 Administration expenses unpaid— Invested in Common Fund 19, 000 0 0 Commission, Post and Telegraph £ s. d. Uninvested .. .. 4,621 17 5 Department .. .. 161 14 0 1,240,796 5 2 Clerical assistance .. .. 750 0 0 Amount held by High CommisPostage and telegrams .. 125 0 0 sioner, London, for payment Office expenses, printing, and of allowances, &c. .. .. 1,664 11 1 stationery .. .. 19 0 11 Contributions of members— Audit fee .. .. .. 41 13 4 In transit .. .. 3,173 0 3 Medical fees .. .. 9 9 0 Due and outstanding .. 7,134 10 6 Actuarial investigation .. 402 0 0 10,307 10 9 1,508 17 3 Interest on investments — Unclaimed contributions .. .. 1,051 1 4 Due and outstanding .. 13,315 7 10 Contributions paid in advance Accrued, but not due .. 19,997 7 0 (rebate under Finance Act, 1931) .. 5,018 15 8 33,312 14 10 Amounts paid into fund in error .. 2 18 4 Interest on arrears of contributions due and outGovernment subsidy—Statutory standing (contributors) .. .. .. 409 3 6 grant paid in advance for 1932 39,416 13 4 Due by annuitants (contributions and interest) .. 37 4 6 Less additional subsidy under sec- Consolidated Fund, on account of cost-of-living tion 114 of Act not yet paid .. 322 4 5 bonus .. .. .. .. .. 128 3 9 Less additional subsidy under section 114, payable in respect to allowances outstanding at 31st January, 1932 .. .. 85 11 3 39,008 17 8 Rent received from securities leased (in excess of interest yet due by mortgagor) .. .. .. 28 14 6 Reserve — For commission payable to Public Trustee in respect to interest due or accrued . . 1,037 0 0 For commission to Post and Telegraph Department in respect to vouchers issued but unpaid .. .. .. 42 1 6 1,079 1 6 Reserve for loss on realization of securities .. .. .. .. 4 10 8 Vouchers issued but unpaid at 31st January, 1932 .. .. 21,733 5 9 Less cash in Post Office .. 4,812 18 5 — 16,920 7 4 £1,286,655 13 7 £1,286,655 13 7 C. 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.— J. H. Fowler, Deputy Controller and Auditor-General.

100