H.—26

4

Public Sekvice Supekannuation Fund. Revenue Account for the Year ended 31st December, 1916. £ s. d. j Retiring-allowances— £ s. d. Amount of fund at beginning of year .. 775,952 19 11 | To members .. .. .. 77,088 15 6 Members'contributions— To widows and children .. .. 7,702 15 1 Under section 29 (ordinary) .. .. 140,119 17 7 | Contributions returned— Transfers from other superannuation Under section 46, Amendment Act funds .. .. .. .. 481 7 1 (left sorvioe) .. .. .. 13,919 9 5 Government contribution .. .. 48,000 0 0 Under seotion 42 or 43 (death) .. 4,327 16 11 Interest .. .. .. .. 42,314 6 3 Under seotion 32 (cc) .. .. 1,478 18 11 Fines, &c. .. .. .. .. 199 9 5 Under seotion 32 (c) .. .. 427 13 1 Under seotion 32 (/) .. .. 1,858 16 1 Under section 38 (retirement) .. 636 4 5 Transfers to other superannuation funds (seotion 48) .. .. .. 741 13 1 Expenses— Salaries .. .. .. .. 775 8 3 Office expenses .. .. .. 281 10 6 Publio Trustee's charges .. .. 1,057 17 1 Election expenses .. .. .. 4 4 0 Post Office oharges .. .. 50 0 0 Medical fees .. .. .. 48 6 0 Advertising .. .. .. 78 1 6 Board members' travelling-expenses 22 10 2 Amount of fund at end of year .. 896,568 0 3 £1,007,068 0 3 £1,007,068 0 3 Balance-sheet as at the 31st December, 1916. Liabilities. £ s d. Assets. £ s> Fund as per Rovenue Aocount .. 896,568 0 3 Amount invested by the Board .. 834,341 2 3 Retiring and other allowanoes due, in Contributions due, in course of transcourse of payment— mission— Members .. " .. .. ■• 1,342 14 11 Under section 29 (ordinary) .. 4,216 10 3 Widows and children .. • .. 139 9 2 Transfers from other superannuation Refunds of contributions due, in course funds .. .. .. .. 0 7 8 of payment— Interest due and accrued .. .. 14,223 17 3 Under seotion 46, Amendment Aot Bank balanoo .. .. .. 15,078 10 6 (left servioe) .. .. ■• 1,024 4 8 Balance in hands of Postal Department 20,831 14 7 Under seotion 42 or 43 (death) .. 1,314 0 5 Balance in hands of Publio Trustee .. 15,946 510 Under seotion 32 (cc) .. .. 337 2 4 Transfers to other fundß due, in course of payment (seotion 48) .. 2 9 2 Expenses due, in course of paymentSalaries .. .. .. .. 459 6 7 Offioe expenses .. .. • • 13 7 6 Medioal fees .. .. ■ • 8 8 0 Post Offioe charges .. .. .. 50 0 0 Publio Trustee's charges .. .. 637 13 11 Valuation fees due to Valuation Department 38 17 6 Unclaimed Account (contributions, &o.) 417 4 8 Contributions paid in advance and in error 2,285 9 3 £904,638 8 4 £904,638 8 4 William M. Weight, Secretary to the Public Service Wellington, 21st August, 1917. Superannuation Board. Examined and found correct.—Bobeet J. Collins, Controller and Auditor-General. Note to Balance-sheet. —On 31st December, 1916, the investments of the Fund were as follows :— „ Debenture Securities. *> ~_.„. ...... 46,350 *4P eroB ? b 49,135 5 per cent. .. •• •• •• •• •• 11 423 5J per cent ■• •■ ■• ;; ' 5$ per cent. .. ■ • • • • • • • • • '• ' Mortgage Securities. 49 540 4| per cent, •■ •• u > 4_P°r° e1 ' 1 ■' " 108,387 sP eroont ; 545,519 5* par cent .. .. 3 637 6 per oent. Total £834,341