E.—l

Of the children in foster-liomes at the 31st March, 1937, 133 over the age of fourteen years were receiving further education, 67 at primary schools and 66 at secondary or technical schools. Furthermore, 32 children under the age of fourteen years were receiving higher education. In addition, there were 15 residing in hostels receiving secondary education, and 11 children were boarding in colleges. 37. TEACHERS' SUPERANNUATION FUND. The position of the fund at the 31st January, 1937, and the principal figures concerning the transactions for the year, compared with those for the year ended 31st, January, 1936, are given below : — 1935-36. 1936-37. £ £ Balance at credit of fund at end of year .. .. .. .. 974,715 964,605 Decrease over balance at end of previous year .. .. .. 14,595 10,110 Income for the year — Members'contributions .. .. .. .. .. 119,568 132,631 Interest .. .. .. .. .. .. .. 46,056 44,187 Government subsidy .. .. .. .. .. 170,046 171,800 Profit on realization of investments, &c. .. .. .. 38 34 Total income .. .. .. .. .. £335,708 £348,652 Expenditure— Retiring and other allowances .. .. .. .. 313,372 323,976 Contributions refunded, &c. .. .. .. .. 33,508 31,481 Administration expenses, &c. .. .. . . .. 3,423 3,306 Total expenditure .. .. .. .. £350,303 £358,763 1935-36. 1936-37. Number of contributors at 31st January .. .. .. .. 8,148 8,058 Number of members admitted during period .. .. . . 138 364 Number retiring from the fund during period . . . . .. 490 454 Net decrease in membership at 31st January . . . . .. 352 90 Number of allowances in force at 31st January .. .. .. 1,996 2,038 Representing an annual charge of .. .. .. .. £315,438 £322,557 Ordinary retiring-allowances .. .. .. 1,288 £256,971 1,306 £261,513 Retiring-allowances under extended provisions of section 75 of the Act, and under section 14 of Finance Act, 1931 .. .. .. .. .. 142 £21,902 138 £21,883 Retiring-allowances in medically-unfit cases .. .. 199 £25,575 216 £27,830 Allowances to widows .. .. .. .. 288 £8,936 299 £9,277 Allowances to children .. .. .. .. 79 £2,054 79 £2,054 Funds invested at 31st January — £ £ At 3 per cent. .. .. .. .. .. .. 5,000 5,000 At 3§ per cent. .. .. .. .. .. .. 2,855 8,175 At per cent. .. .. .. .. .. .. 200 51,681 At 3f per cent. . . . . . . . . . . . . 1,200 1,200 At 4 per cent. .. .. .. .. .. .. 80,215 24,650 At 4-L per cent. .. ~ .. .. .. .. 174,055 280,239 At 4§ per cent. .. .. .. .. .. .. 1,800 1,800 At 4$ per cent. .. .. .. .. .. .. 70,082 136,730 At 4§ per cent. .. .. . , .. .. 2,000 100 At 4f per cent. . . . . . . . . . . . . .. 1, 100 At 4f per cent. .. .. .... .. .. .. 300 At 5 per cent. .. .. .. .. .. .. .. 60,715 At 5£ per cent. .. ~ .. .. .. .... 2,250 At 5i per cent. . . . . . . . . . . . . . . 2,400 At 6 per cent. . . . . . . . . . . .. .. 1,750 At 6 per cent. \Subject to reduction under the National f 607,365 376,392 At 6J- per cent. / Expenditure Adjustment Act, 1932 \ 6,250 197 Mortgage security acquired .. .. . . .. 3,109 Total .. .. .. .. .. £954,131 £954,679 Average rate of interest (per cent.) — Unreduced rate .. .. .. .. .. .. 5-374 4-972 After reduction as shown above .. .. .. .. 4-729 • 4-577 Unclaimed contributions held at 31st January .. .. .. £1,279 £855

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