5

E.—B

No. 4.—ACCOUNTS AND STATEMENTS AS PRESCRIBED BY REGULATIONS, IN TERMS OF SECTION 37 OP THE PUBLIC SERVICE CLASSIFICATION AND SUPERANNUATION AMENDMENT ACT, 1908. 1. (A.) REVENUE ACCOUNT for the Period from Ist January, 1922, to 31st January, 1923. £ s. d. £ a. d. To Balance, 31st December, 1921 .. 681,776 13 8 By Retiring and other allowances .. 100,131 10 4 Contributions of mom- £ s. d. Contributions refunded— liors .. .. 104,400 19 10 On voluntary retire- £ s. d. Less rebate under mont .. .. 10,052 15 0 section 11 (2) of ■ On death of member 4,834 11 6 the Publio Expen- On lapse of memberdituro Adjustment ship .. .. 1,452 18 2 Act, 1921-22 4,209 5 8 On cancellation of 100,191 14 2 membership (wrongContributions transferred from other ly admitted) .. 16 12 6 funds.. .. .. .. 117 9 3 16,356 17 2 Government subsidy Contributions transferred to other funds 394 7 4 under the Aot— Interest allowed on amounts wrongly Thirteen months £ s. d. lield in fund .. .. .. 4 6 8 at £43,000 per Administration expenses— £ s. d. annum .. 46,583 6 8 Commission, G.P.O. 290 0 6 Additional amount Commission, Public voted for 1922.. 25,000 0 0 Trustee .. 1,067 5 2 71,583 6 8 Office expenses .. 170 3 6 Interest — Postage and telegrams 111 3 4 On investments .. 44,847 14 0 Travelling-expenses of On arrears of oon- Board members .. 117 2 5 tributions .. 193 3 9 Clerical assistance . . 325 0 0 - 45,040 17 9 Medical foes .. 36 15 0 Actuarial investigation .. .. 20 4 7 Audit fees.. .. 50 0 0 2,187 14 6 Balance, 31st January, 1923 . . 779,635 5 6 £898,710 1 6 £898,710 1 6 COST-OF-LIVING BONUS ACCOUNT tor the Period ended 31st January, 1923. £ s. d. £ s. d. To Refund from Consolidated Fund .. 6,076 111! By Balance due from Consolidated Fund at 31st December, 1921 . . .. 29 7 7 Payment of bonus .. .. 6,041 6 6 Balance due to Consolidated Fund . . 5 7 10 £6,076 1 11 £6,076 I 11 (B.) BALANCE-SHEET as at 31st January, 1923. Liabilities. £ s. d. Assets. £ s. d. Fund as per Revenue Account .. 779,635 5 6 Amount held by Public Retiring and other allowances due and Trustee— £ s. d. unpaid .. .. •■ •• 977 17 7 Invested .. .. 736,348 711 Refund of oontributions due and unpaid 2,772 16 9 Uninvested .. .. 72,939 2 0 Contributions to be transferred to other 809,287 9 11 funds .. .. • • • • 54 16 6 Contributions of members— Rebate of oontributions under Section 11 In transit .. .. 3,681 5 3 (2) of the Public, Expenditure Adjust- Due and outstanding .. 2,609 6 1 mont Act, 1921-22 .. .. .. 26 15 1 6,290 11 4 Administration expenses unpaid— Interest on investments — Commission, Post and Tele- £ s. d. Due and outstanding .. 2,532 5 4 graph Department .. 96 7 6 Aocrued, but not due .. 11,258 8 8 Audit fee .. .. 50 0 0 13,790 14 0 — 146 7 6 Interest on arrears of contributions due Unclaimed contributions .. .. 1,385 11 6 and outstanding .. .. .. 153 15 2 Amounts overpaid or paid in error into Amounts overpaid— fund . • • • • • • • • 16 18 6 Retiring-allowance .. 33 5 0 Department of Internal Affairs — Refund of contributions 0 110 On account of cost-of-living bonus .. 5 710 33 16 0 Amount paid in advance — Government subsidy (for period to 31st Decomber, 1923) .. ■■ 39,416 13 4 Vouchers issued but unpaid £ s. d. at 31st December, 1923.. 7,296 0 4 Less cash in hands of Post Office .. .. 2,178 4 0 g,U7 16 4 £829,556 6 5 £829,556 6 5 C. E. Crawford, Education Department, Secretary, Teachers' Superannuation Board, Wellington, 30th April, 1923.