The Oamaru Mail WITH WHICH IS INCORPORATED THE NEW ZEALAND AGRICULTURIST. SATURDAY, FEBRUARY 7, 1880.

Oamaru Mail, Volume IV, Issue 1189, 7 February 1880, Page 2

The Oamaru Mail WITH WHICH IS INCORPORATED THE NEW ZEALAND AGRICULTURIST. SATURDAY, FEBRUARY 7, 1880.

We lately suggested that some provision should be made whereby the teachers of the Government schools in the Colony would be placed in positions of comfort when past work. We argued that teachers themselves should make that provision, and expressed an opinion that, as they were able to do so, ifc would be obviously unfair and injudicious for them to look to the State to do ifc for them. A school teacher has favored us with tables which , it lo possible that, if the teachers were brought together to discuss the matter—or if it were taken in hand by the Educational Institutes—modifications might be made in these tables, the calculations given will at least afford a substratum upon which to found the system sought to be established. We have also before us suggestions that vreremadebyMessrsMackayandMacarthur to the Finance Committee of the Educational Institute of Scotland in June last. Leaving those more immediately interested to judge for themselves of the relative merits of the suggestions, we shall reproduce them one at a iime. The two schemes proposed by the Educational Institute of Scotland do not comprise tables. Those who brought forward those schemes left this hiatus, as well as other details, to be filled up by experienced actuaries. We presume that such an important element in the system should be lefc in the hands of an expert in order to ensure a correct adjustment of premiums based upon probable disbursements. We give below iiie tables referred to : Table A. First table showing the working of the fund at the end of the fifth year; second, capital; third, interest at 7 percent. ; fourth, annnal subscriptions at three, four, or five guineas (average four guineas); fifth, annuities at L 75, LIOO, L 125 (average L 100); sixth, balance at the end of each yeat ; seventh, number of teachers on the annuity I list.

u 03 g < -2 1 «5 O o s § eg '•P a J "o £ J" S" o Hi S -5 >1 d o 5 £ ~ 5 20000 1400 4000 500 24900 5 G 24000' 1743 4000 1000 29643 10 7 211043 20 74 4000 1500 34217 15 S 34217 2305 4000 2000 3SG12 20 9 3S6I2 2702 -1000 2500 42S14 25 10 42814' 2996 4000 3000 46810 30 11 46810 3276 4000 3500 50586 35 12 505S6 3540 4000 4000 54126 40 13 5412G 37S7 4000 4500 57413. 4o 14 57413 401S 4000 5000 60431 50 15 60431 422S 40 GO 5500 63159! oo 1 Table B. Ten annuities for the end of the fifth year, and twenty for the next year, &c. 5 20000 1400 4000 1000 24400 10 6 24400 1700 4000 2000 2SIOO 20 7 28100 1960 4000 3000 31060 30 8 31060 2170 4000 4000 33230 40 9 33230 23*20 4000 5000 34550 50 10 34550 2410 4000 6000 34960 60 11 34960 2440 5000 7000 35400 70