_.—9

2

The number of allowances in force at the end of the year was .. 324 representing an annual charge of over .. .. .. .. £18,787 viz.,— Ordinary retiring-allowances were .. .. .. 194, representing £15,349 Retiring-allowances in medically unfit cases.. .. 30, „ 1,875 Allowances to widows 50, „ 913 Allowances to children .. 50, „ 650 The balance at the credit of the fund and invested by the Public Trustee at the end of the year was .. .. .. .. .. £183,117 The fund receives 4j per cent, interest on daily balances in the hands of the Public Trustee, and no charge is made for investment.

No. 2. SIXTH REPORT OF THE BOARD CONSTITUTED BY THE PUBLIC SERVICE CLASSIFICATION AND SUPERANNUATION AMENDMENT ACT (PART I), 1908. For the -'ear ending 31st December, 1911. The Honourable the Minister of Education. Sir,— Wellington, 19th June, 1912. The Board has to submit the following report for the year ending 31st December, 1911. Mr. Hughes, one of the South Island contributors' representatives, resigned his seat on the Board in June. At the election which followed Mr. J. A. Valentine, Timaru, was the successful candidate. I '-■: In May a fresh regulation was made under which the Public Trustee is to pay. 4\ per cent, on the capital moneys belonging to the fund, instead of as formerly paying such interest as was obtained from the investment of the capital funds, after deducting commission and office charges. The number of contributors increased from 3,247 at the end of 1910 to 3,384 at the end of 1911, and the number of persons in receipt of benefits increased during the year from 270 to 324. Details of the members of the fund on 31st December, 1911, grouped according to their status, are given in the following tables: —

A. Statement of Membership as from the 1st January, 1906.

•Includes 2,2r>a tanst'eried to Port I, public Service Clarification and buperannuation Amendment Act, 1908, and included in column (51"! the same line. f It was n<>t ' ntil 1910 tl-at it was ascertained that these five persons should have become members of the fund in terms of the previsions tif section sot the Teachers' Supeiannuatiou Act, 1905. They are also included in columns (3) and (5> of the came line. j Adjusting entries.

Original Members. Ordinary Mei ibers. Total Number at End of Period. Name of Act. (1.) Number Admitted. Left. at End of Period. (2.) (3.) , (4.) Admitted. Left. (5.) (6.) Number at End of Period. (7.) Number. (8.) Period. (9.) Teachers' Superannuation Act, 1905, and Amendment Aot, 1906 Ditto 2,720 50 127 138 2,593 2,505 219 197 39 219 377 2,812 Fifteen Months ending 31st March, 1907. 2,882 Year ending 31st March, 1908. Pi it IX, Iducation Act ; 1908. Part I of Public F Classification and Supi Amendment Acl lervice 3inni uation i, 1908. Number. Total Number at End of Period. 4 2,315* 164 2,409 19 2,767 2,931 Nine Months ending 31st December, 1908. 20 144 334 93 3,008 3,152 Year ending 31st Deceuiber, 1909. St 21 128 282 171 3,119 3,247 Year ending 31st December, 1910. 19J 19 128 330 J 193 3,256 3,384 Year ending 31st Decrmher. 1911