E.—l

1987-88. 1938-39. Number of contributors at 31st January .. .. .. .. 8,357 8,653 Number of members admitted during period .. .. .. 760 834 Number retiring from the fund during period .. .. .. 461 538 Net increase in membership at 31st January .. .. .. 299 296 Number of allowances in force at 31st January .. .. .. 2,053 2,072 Representing an annual charge of . . .. . . £325,130 £326,500 Ordinary retiring-allowances .. .. .. 1,313 £263,098 1,314 £262,503 Retiring-allowances under extended provisions of section 75 of the Act, and under section 14 of Finance Act, 1931 .. .. .. .. .. 140 £22,660 139 £22,262 Retiring-allowances in medically-unfit cases .. .. 221 £27,970 231 £30,082 Allowances to widows .. .. .. .. 308 £9,556 313 £9,703 Allowances to children .. .. .. .. 71 £1,846 75 £1,950 Funds invested at 31st January — £ £ At 3 per cent. .. .. .. .. .. .. 5,000 At 3| per cent. .. .. .. .. .. .. 5,000 5,000 At 3£ per cent. .. .. .. .. .. .. 65,676 73,948 At 3§ per cent. .. .. .. .. .. .. 1,200 1,200 At 4 per cent. .. .. .. .. .. .. 83,291 84,191 At 4£ per cent. .. .. .. .. .. .. 383,759 416,887 At 4§ per cent. .. .. .. .. .. .. 1,800 1,800 At per cent. .. .. ... .. .. .. 198,965 225,650 At 4| per cent. .. .. .. .. .. .. 300 300 At 4f per cent. .. .. .. .. .. .. 100 100 At 5| per cent. .. .. .. .. .. .. 2,250 At 5| per cent. .. .. .. .. .. .. 2,400 2,400 At 6 per cent. .. .. .. .. .. .. 269 At 6 per cent. Subject to reduction under the National 211,432 152,062 Expenditure Adjustment Act, 1932 Total .. .. .. .. .. £961,442 £963,538 Average rate of interest (per cent.) — Unreduced rate .. .. .. .. .. .. 4-608 4-504 After reduction as shown above .. .. .. .. 4-378 4-346 Unclaimed contributions held at 31st January .. .. .. £1,410 £1,408

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