E„ —8.

1935. 1934. Expenditure— £ £ Betiring and other allowances .. .. .. 306,350 299,516 Contributions refunded or transferred .. .. .. 33,462 31,802 Administration expenses, &c. .. .. .. .. 3,887 3,634 Total expenditure .. .. .. .. £343,699 £334,952 £ £ Net loss for year .. .. .. .. .. 13,875 108,457 Balance at credit of Fund .. .. .. .. 989,310 1,003,185 Funds invested at 31st January —• At 4 per cent. .. .. .. .. .. 59,820 2,855 At 4J per cent. .. .. .. .. .. 54,160 81,180 At 4f per cent. .. .. .. .. .. .. 400 At 4f 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. J"subject to reduction under the National \ 802,502 834,943 At 6§- per cent. \ Expenditure Adjustment Act, 1932 J 9,431 17,432 Mortgage security acquired . . .. .. .. 3,255 3,365 Total .. .. .. .. .. £952,248 £1,022,323 f unreduced rate .. 5-745 5-78 Average rate of interest (per cent.) after reduction as shown above .. 4-881 4-94 Unclaimed contributions held at 31st January .. .. £1,680 £1,727 Cost-of-living Bonus.—The payment of this bonus has been continued in necessitous cases. S. G. Smith, Chairman.

No. 2.—STATEMENTS IN ADDITION TO THOSE PRESCRIBED BY THE ACT AND REGULATIONS. A. Number of Contributors on the 31st January, 1935, arranged according to Percentage of Contribution.

B. Total Number of Contributors who have joined and left the Fund since its Establishment (1st January, 1906, to 31st January, 1935).

2

5 per Cent. 6 per Cent. 7 per Cent. 8 per Cent. 9 per Cent. Totals. M. | P. M. E. M> P. M. P. M. 3?. M. F. M. 3?. Total. ; I I . Number at 31st January, 1934 3,254 4,530 264 245 147 189 70 93 40 33 30 8 3,805 5,098 8,903 New entered during 32 50 5 18 2 3 2 1 3 2 1 2 45 76 121 year Transfers from other funds .. 1 1 .. J 3,287 4,580 269 263 149 192 72 94 43 35 31 10 3,851 5,174 9,025 Number left during year .. 69 377 5 14 16 15 5 10 5 3 3 3 103 422 525 Number at 31st January, 1935 3,218 4,203 264 249 133 177 67 84 38 32 28 7 3,748 4,752 8,500

Number. Annual Annual Rate M. : F. Total. Salary ' Contribution. I £ £ Total entered (including net increases in salary 6,463 12,939 19,402 4,591,103 260,983 and contributions) Total discontinued .. .. .. .. 2,715 8,187 10,902 2,449,219 147,263 Total existing at 31st January, 1935 .. 3,748 4.752 8,500 2,141,884 113,720