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REPORT The Board has the honour to submit its report upon the transactions in connection with the Public Service Superannuation Fund. The report this year is confined to the following accounts, statements, and tables : Contributors. —The number of new contributors who joined the scheme during the year, and other particulars, are contained in-the following table :

The following table shows particulars of the public servants who were contributing to the fund on the 31st March, 1946 (after allowing for deaths, retirements, and withdrawals), grouped according to their respective rates of contribution.

Investment of the Fund. —Including £26,826 invested on Stipendiary Magistrates' account, the total investments of the fund amount to £3,053,090. The average rate of interest earned for the financial year was £4 4s. 4d. per cent., an increase of 4s. lid. per cent, as compared with the previous year. Operations of the Fund. —The following comparative statement shows the operations of the fund (to the nearest pound) as disclosed in the Revenue Accounts and Balancesheets for the twelve-year period ended 31st March, 1946.

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Rate per Cent, of Number. Annual Annual Contribution. Male. Female. Total. Salary. Contributions. £ £ 5 636 327 963 163,812 8,191 6 48 10 58 21,893 1,313 7 36 12 48 ; ' 20,218 L4J5 8 15 15 6,845' < 548 9 11 1 12 5,616 505 10 Irausfers from 6 ■ 4 10 3,478 174 nf HPT Til T1H Q UtiltJl luilUo 752 354 1,106 221,862 12,146

Rate per Cent, of Contribution. Male. Number. Female. Total. Annual Salary. Annual Contributions. £ £ 5 22,621 3,771 26,392 7,195,228 359,761 6 1,543 103 1,646 596,806 35,808 7 889 61 950 363,066 25,415 8 363 12 375 143,598 11,488 9 127 4 131 55,647 ' 5,008 10 26 1 27 15,030 1,503 25,569 3,952 29,521 8,369,375 438,983