Sl.—B.

3

Net Revenue. —The total for the period was £84,093, compared with £79,027 in 1923-24. Government Subsidy.—The statutory Government subsidy of £43,000 for 1925 was received during January, 1925, and was augmented by an additional grant of £25,000. The total subsidies paid by the Government since the inception of the fund for the period up to the 31st January, 1925, amount to £467,4J 6. Investment of the Fund.-—The arrangement with the Public Trustee for the investment of the fund was continued during the period. The total investments at the different rates of interest on the 31st January, 1925, were : At 4|- per cent., £38,150 ; at 5 per cent., £12,920 ; at 5£ per cent., £38,260 ; at 5J per cent., £137,002 ; at 5f per cent., £80,795 ; at 6 per cent., £376,531 ; at 6| per cent., £216,706. Average rate of interest, 5-93 per cent. Unclaimed Contributions.—The amount unclaimed at the 31st January last was £1,573. Approval was given for the continuance of the cost-of-living bonus to widows and children, and, in cases of special hardship, to other annuitants, for the year Ist April, 1924, to 31st March, 1925, the rate being—widows, £13 per annum ; children, £13 per annum ; other annuitants sufficient to bring the allowance up to £100 per annum, but with a maximum bonus of £26. Approval has also been given for the continuance of the bonus up to 31st March, 1926. This bonus is not a charge on the Superannuation Fund, but is provided for out of the Consolidated Fund. Under the provisions of section 36 of the Finance Act of last session, contributors and annuitants who on the coming into force of the present Superannuation Act had elected to remain under the provisions of the original superannuation scheme were given an opportunity of revoking such election and so coming under the provisions of the more liberal Act of 1908. All of such annuitants (fortyeight. in number) who would be beneficially affected by the change have revoked the election, and of thirty-three contributors under the old Act thirty-two have, up to the present date, also revoked the election. I have, &c., C. J. Parr, Chairman.

No. 3.—STATEMENTS IN ADDITION TO THOSE PRESCRIBED BY THE ACT AND REGULATIONS.

A. (i.) Number of Contributors on the 31st January, 1925, arranged according to Percentage of Contribution.

(ii.) Number of Contributors under Part IX, Education Act, 1908 (included in above Figures).

5 per 6 per 7 per 8 per i 9 per 10 per T , , Cent. Cent. Cent. ! Cent. ! Cent. Cent. M. P. I M. F. M. : F. M. F. M. F. M. F. M. | F. j Total. Numbers at 31st January, 1924 1,798 3,465 324 339 248 232 172 113 73 49 29 1 10 2,644 4,214 6,858 New contributors entered during 297 613 24 39 10 26 4 9 4 6 6 ; 4 345 697 1,042 ye.ar Membership reinstated ... I 1 .. 1 Transfers from other funds .. 1 J . . 1 2,096 4,078 348 378 258 258 ml 122 77 55 35 20 2,991 4,911 7,90? Numbers left during year .. 51 277 7 24 20 21 20 8 16 11 3 1 117 342 459 Numbers at 31st January, 1925 .. |2, 04.5 3,801 341 354 238 237 157j 114 01 44 32 19 2,874 4,569 7,443

Numbers at 31st January, 1924 .. 3 5 5 5| 9 4 4 .. 2. 3 3 .. | 20 17 43 Numbers left during year .. .. 1 1 .. 1 1 I . • 1 2 i 2 6 4 10 Transferred to Public Service 3 J 3 3 4 1 2 3 .. 1 I I .. 16 10 25 Classification and Superannuation Amendment Act, 1008 . . j Numbers at 31st January, 1925 .. . . 1 I 1 I 4 1 .. 5 3 8 I It - 1 II. I . , - ]