E.—l

from one to five years, 78 ; from five to ten years, 84 ; from ten to fourteen years, 120 ; over fourteen years, 129. The length of period of residence for the children temporarily admitted was from one day to seven weeks. Of the children in foster-homes at 31st March, 1935, 110 over the age of fourteen years were still attending school, 52 receiving primary education and 58 receiving higher education. Furthermore, 21 children under the age of fourteen years were receiving higher education. In addition, there were 21 children residing in hostels who were receiving higher education. 37. TEACHERS' SUPERANNUATION FUND. The position of the fund at the 31st January, 1935, and the principal figures concerning the transactions for the year, compared with those for the year ended 31st January, 1934, are given below : — 1933-34. 1934-35. £ £ Balance at credit of fund at end of year .. .. .. 1,003,185 989,310 Decrease over balance at end of previous year .. .. 108,457 13,875 Income for the year— Members'contributions .. .. .. .. 114,775 114,699 Interest .. .. .. .. .. .. 54,310 48,327 Government subsidy .. .. .. .. 55,948 166,048 Profit on realization of investments, &c. .. .. 1,462 750 Total income .. .. .. .. £226,485 £329,824 Expenditure— Retiring and other allowances .. .. .. 299,516 306,350 Contributions refunded, &c. .. .. .. .. 31,802 33,462 Administration expenses, &c. .. .. .. 3,634 3,887 Provision for loss on investment Total expenditure .. .. .. £334,952 £343,699 Number of contributors at 31st January .. .. .. 8,903 8,500 Number of members admitted during period .. .. 99 122 Number retiring from the fund during period .. .. 551 525 Net decrease in membership at 31st January .. .. 452 403 Number of allowances in force at 31st January .. .. 1,881 1,919 Representing an annual charge of .. .. .. £299,667 £304,860 Ordinary retiring-allowances .. .. .. .. 1,230 £245,779 1,254 £250,113 Retiring-allowances under extended provisions of section 75 of the Act, and under section 14 of Finance Act, 1931 .. .. .. .. .. .. 136 £21,270 137 £21,121 Retiring-allowances in medically unfit cases .. .. 176 £22,457 184 £23,280 Allowances to widows .. .. .. .. 268 £8,316 279 £8,657 Allowances to children .. .. .. .. 71 £1,846 65 £1,690 Funds invested at 31st January— £ £ At 4 per cent. .. .. .. .. .. 2,855 59,820 At 4J per cent. .. .. .. .. .. 81,180 54,160 At 4| per cent. .. .. .. .. .. 400 At 4| per cent. .. .. .. .. .. .. 17,195 At 4§ per cent. .. .. .. .. .. 500 500 At 5 per cent. .. .. .. .. .. 81,648 At 6 per cent. .. .. .. .. .. .. 5,385 At 6 per cent. \ Subject to reduction under the Nationalf 834,943 802,502 At 6| per cent. J Expenditure Adjustment Act, 1932 \ 17,432 9,431 Mortgage security acquired .. .. ~ .. 3,365 3,255 Total .. .. .. .. .. £1,022,323 £952,248 Average rate of interest (per cent.) — Unreduced rate after reduction .. . .. .. 5-78 5-745 As shown above .. .. .. .. .. 4-94 4-881 Unclaimed contributions held at 31st January .. .. £1,727 £1,680

34