E.—9.

1917. NEW ZEALAND.

EDUCATION: TEACHERS' SUPERANNUATION FUND. [In continuation of E.-9, 1916.]

Presented to both Houses of the General Assembly by Command of His Excellency.

CONTENTS. Page Part I. Extract from Report of Minister .. .. .. .. .. .. .. ~ 1 „ 11. Report of Board, with Statements Additional to those proscribed by Regulations . . .. .. '.) Statements proscribed by Regulations .. .. .. .. . . .. .. 7 Appendix— Historical Outline . . . . .. .. .. .. .. .. .. 22 Provision for Government Contribution .. .. .. .. .. .. .. 2.'i

Part I. EXTRACT FROM THE FORTIETH ANNUAL REPORT OF THE MINISTER OF EDUCATION. The balance at the credit of the fund on the 31st December, 1916, was £381,158, an increase over that on the 31st December, 1915, of £40,576. The income for 1916 was £90,481, and the expenditure £49,906. During the year 468 members were admitted, while 259 left the fund, a net increase of 209. At the end of 1916 — The number of contributors was .. .. .. .. .. 4,653 Of whom males numbered .. . . ... .. .. 1,974 And females numbered .. .. .. .. .. 2,679 Members under Part IX of Education Act, 1908, numbered .. .. 80 The annual rate of contribution paid as at the end of the year was .. £56,208 The number of allowances in force at the end of the year was .. .. 611 representing an annual charge of .. .. .. .. £44,666 viz., — Ordinary retiring - allowances £ were .. .. .. 315, representing 26,871 Retiring-allowances under extended provisions of section 12 of the Act .. 66, „ 9,412 Retiring - allowances in medically unfit cases .. 74, ~ 5,907 Allowances to widows .. 87, „ 1,579 Allowances to children .. 69, „ 897 In terms of the provisions of the Public Service Classification and Superannuation Amendment Act, 1908, section 4, and the regulations thereunder, all moneys belonging to the fund are paid to the Public Trustee for investment, and form part

I—E. 9.