E.—B.

1938. 1937. £ £ Net loss for year .. .. .. .. .. 130,140 10,111 Balance at credit of Fund .. .. .. .. 834,465 964,605 Funds invested at 31st January — At 3 per cent. .. .. .. .. .. 5,000 5,000 At 3| per cent. .. .. .. .. .. 5,000 8,175 At 3| per cent. .. .. .. .. .. 65,676 51,681 At 3f per cent. .. .. .. .. . • 1,200 1,200 At 4 per cent. .. .. .. •• •• 83,291 24,650 At 4| per cent. .. .. .. .. .. 383,759 280,239 At 4f per cent. .. .. -• 1,800 1,800 At per cent. .. .. .. •• 198,965 136,730 At 4f per cent. .. .. .. . • • • 300 100 At 4f per cent. . . . . . . . . . ■ . • 1,100 At 4f per cent. . . .. . • • . . • 100 300 At 5 per cent. .. .. .. .. .. .. 60,715 At 5J per cent. .. .. . . .. . ■ 2,250 2,250 At 5J per cent. .. .. .. .. .. 2,400 2,400 At 6 per cent. .. .. .. .. .. 269 1,750 At 6 per cent- J'(subject to reduction under the National J"211,432 376,392 At 6| per cent. \Expenditure Adjustment Act, 1932) •• \ • • 197 Total .. .. .. .. .. £961,442 £954,679 f unreduced rate .. 4-608 4-972 Average rate of interest (per cent.) Rafter reduction as shown above .. 4-378 4-577 Unclaimed contributions held at 31st January .. .. £1,410 £855 Cost-of-living Bonus.—The payment of this bonus has been continued in necessitous cases. For the Teachers' Superannuation Board, C. E. Crawford, Secretary.

No. 2.—STATEMENTS IN ADDITION TO THOSE PRESCRIBED BY THE ACT AND REGULATIONS. A. Number of Contributors on the 31st January, 1938, 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, 1938).

2

5 per Cent. 6 per Cent. 7 per Cent. 8 per Cent. 9 per Cent. *q^ 1 Totals. M. F. M. F. M. F. M. P. M. F. M. F. M. F. Total. Number at 31st January, 1937 3,195 3,801 254 267 124 173 62 80 40 28 28 6 3,703 4,355 8,058 New contributors entered during 231 415 20 30 11 19 6 16 3 3 1 2 272 485 757 year i Transfers from other funds . . 2 1| 2 1 3 3,428 4,217 274 297 135 192 68 96 43 31 29 8 3,977 4,841 8,818 Number left during year . . 58 339 13] 14j 5 10 .. 9 1 4 6 2 83 378 462 Number at 31st January, 1938 3,370 3,878 261 j 283 130 182 68 87] 42 27 23 6 3,894 4,463 8,357 I [ L

Number. . . _ Annual ■ Annual Rate Salary. n , ?/ .. M. F. Total. Contribution. £ £ Total entered (including net increases in salary 6,884 13,781 20,665 5,266,643 304,141 and contributions) Total discontinued .. .. ., .. 2,990 9,318 12,308 2,662,341 166,501 Total existing at 31st January, 1938 .. 3,894 4,463 8,357 2,604,302 137,640 _ I