5

D—-5

Table C.—Progress of the Fund Balance forward. Allowances granted. £ s. d. £ s. d. 1903 to 1935 .. .. .. .. .. 658,575 16 5 1936 .. .. .. .. .. 1,246,984 711 14,637 7 0 1937 .. .. .. .. .. 1,250,860 10 2 13,863 2 0 1937 (increased allowances, section 27, Statutes Amendment Act, 1936) .. .. 3,553 8 0 1938 .. .. .. .. .. 1,272,724 7 5 24,622 14 0 1939 .. .. .. .. .. 1,282,354 0 2 36,872 9 0 1940 .. .. .. .. .. 1,279,836 2 8 51,808 12 0 1941 .. .. .. .. .. 1,248,383 22 58,157 10 0 1942 .. .. .. .. .. 1,187,537 1 10 47,033 1 0 1943 .. .. .. .. .. 1,164,045 0 0 27,466 4 0 1944 .. .. .. .. .. 1,151,546 6 9 66,188 14 0 1945 .. .. .. .. .. 1,130,936 6 0 71,088 16 0 1946 .. .. .. .. .. 1,080,778 12 11 70,410 13 0 1946 (increased allowances, Superannuation Amendment Act, 1945) .. .. .. 36,408 19 0 1947 .. .. .. .. .. 473,089 15 9 101,585 9 0 1947 (increased allowances, Superannuation Amendment Acts, 1945 and 1946) .. .. 91,702 8 0 1,373,975 2 5 Less members died, &c. . . .. .. 501,305 0 0 Less liability of Working Railways Account 60,720 0 0 562,025 0 0 Annual liability at 31st March, 1947 .. .. £811,950 2 5

Table D.—Statement of Investments

1947. 1946. Per Cent. Per Cent. Average rate of interest on securities held at 31st March .. 4*278 4*201 Average rate of interest earned on the mean funds, including reimbursements made by the Treasury in respect of reduction of interest .. .. .. .. 5*322 4*772

Funds invested at 31st March. 1947. 1946. £ s. d. £ s. d. At 3 per cent. 46,425 0 0 „ 3-25 „ 1,700 0 0 „ 3-375 25,000 0 0 25,000 0 0 ,, 3*5 ,, 21,143 17 4 152,646 14 4 „ 4 „ 89,431 8 0 212,070 10 0 „ 4-25 „ 139,928 7 4 400,753 13 5 „ 4-4 „ 335 0 0 335 0 0 „ 4-5 „ 80,711 1 5 111,992 10 11 „ 4-75 „ 869 5 9 „ 5 „ 65,85i 16 1 76,752 8 10 „ 6 „ 1,238 15 0 1,316 8 4 Cash in hand 2,559 0 0 9,119 2 1 426,199 5 2 1,038,980 13 8