1941. 1940. £ £ Net surplus for year .. .. .. .. .. 7,809 8,659* Balance at credit of Fund .. .. .. .. 974,885 967,076 Funds in hands of Public Trustee at 31st January — At 3§ per cent. .. .. .. .. . 5,000 5,000 At 3J per cent. .. .. .. .. .. 67,821 69,314At 3f per cent. .. .. .. .. .. 1,200 1,200 At 4 per cent. .. .. .. .. .. 84,191 84,191 At 4J per cent. .. .. .. .. •• 326,755 414,136 At 4f per cent. .. .. .. .. .. 1,800 1,800 At 4-|- per cent. .. .. .. .. .. 360,289 242,203 At 4f per cent. .. .. .. .. .. 300 300 At 4f per cent. .. .. .. .. .. 100 100 At 5 per cent. .. .. .. .. .. 200 200 At 51 per cent. .. .. .. .. .. 2,400 At 6 per cent. .. .. .. .. .. 671 „ , C (reduced to 5% by the National Expendi-~\ IAO OOQ , ... _ 10 At 6 per cent. ture Adjustment Act, 1932) ) 103,233 145,518 Uninvested.. .. .. .. .. .. 8,810 1,581 Mortgage security acquired .. .. .. .. 1,865 Total .. .. .. .. .. £964,635 £965,543 f unreduced rate .. 4 • 449 4 • 497 Average rate of interest (per cent.) < after reduction as [_ shown above .. 4 • 341 4 • 346 Unclaimed contributions held at 31st January .. .. £2,020 £1,763 * Deficiency. Cost-of-living Bonus. —The payment of this bonus has been continued in necessitous cases. For the Teachers' Superannuation Board, A. E. McKinnon, Secretary.

No. 2.—STATEMENTS IN ADDITION TO THOSE PRESCRIBED BY THE ACT AND REGULATIONS. A. Number of Contributors on the 31st January, 1941, 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, 1941).

E.—B.

2

j 5 per Cent. 0 per Cent. 7 per Cent.|8 per Cent.jS per Cent.1 Totals. M. F. M. j F. j M. F. M. F. M. F. M. I F. M. F. ' Total. Number at 31st January, 1940 3,766 4,098 259 294 120 203 64 86 36 43 18 18 4,263 4,742 9,005 New contributors entered during 291 567 25 31 8 29 1 14.. 6 1 3 326 650 976 year Transfers from other funds .. 6.. 1 7.. 7 4,063 4,665 285 325 128 232 65 100 36 49 19 21 4,596 5,392 9,988 Number left during year .. 78 374 14 17 4 17 3 3 4 4 1 6 104 421 525 Number at 31st January, 1941 3,985 4,291 271 308 124 215 62 97 32 45 18 15 4,492 4,971 9,463

Number. ; Annual Annual Rate M. F. Total. t,alal ' y ' Contribution. £ £ Total entered (including net increases in salary 7,827 15,477 23,304 6,171,158 352,371 and contributions) Total discontinued .. .. .. 3,335 10,506 13,841 3,069,083 188,567 Total existing at 31st January, 1941 .. 4,492 4,971 9,463 3,102,075 163,804