B.—l [PT. IY, Sup.] .

TEACHERS' SUPERANNUATION FUND. REVENUE ACCOUNT foe the Year ended 31st January, 1925. £ s. d. £ s. d. To Balance, 31st January, 1924 .. 858,661 18 10 By Retiring and other allowances .. 126,232 8 4 Contributions of members .. .. 110,861 13 2 Contributions refunded— Additional contribution from Fiji Go- On voluntary retire- £ s. d. vernment .. .. .. 163 11 9 ment .. .. 14,270 14 7 Government subsidy- — £ s. d. On death of member 3,577 12 4 Under the Act .. 43,000 0 0 On lapse of memberAdditional grant .. 25,000 0 0 ship .. .. 1,520 010 ■ 68,000 0 0 19,368 7 9 Interest— Contributions transferred to other funds 92 19 6 On investments .. 53,338 410 Administration expenses— £ s. d. On contributions in Commission, G.P.O. 345 1 6 arrears .. 350 13 11 Commission, Public — 53,688 18 9 Trustee.. .. 1,333 7 10 Office expenses .. 89 3 6 Postage and telegrams .. .. 67 11 3 Travelling - expenses of Board members 105 9 11 Clerical assistance .. 900 0 0 Medical fees .. 36 3 0 Audit fees .. 50 0 0 —— 2,926 17 0 Balance, 31st January, 1925 .. 942,755 9 11 £1,091,376 2 6 £1,091,376 2 6 COST-OF-LIVING BONUS ACCOUNT FOR THE YEAR ENDED 31st JANUARY, 1925. £ s. d. £ s. d. To Refund from Consolidated Fund .. 6,113 0 3 By Balance due from Consolidated Fund, Balance due from Consolidated Fund, January, 1924 .. .. .. 1,260 17 10 31st January, 1925 .. .. 331 18 11 Payment of bonus .. .. 5,184 1 4 £6,444 19 2 £6,444 19 2 BALANCE-SHEET as at 31st January, 1925. Liabilities. £ s. d. Assets. £ a. d Fund as per Revenue Account .. 942,755 911 Amount held by Public Retiring and other allowances due and Trustee — £ s. d. unpaid .. .. .. .. 1,268 0 9 Invested .. .. 900,364 110 Refund of contributions due and unpaid 1,893 3 5 Uninvested .. .. 47,491 14 9 Administration expenses unpaid— 947,855 16 7 Commission, Post and Tele- £ s. d. Contributions of members— graph Department .. 122 0 0 In transit .. .. 6,207 7 1 Clerical assistance .. 750 0 0 Due and outstanding .. 3,560 9 3 Postage and telegrams 53 11 3 9,767 16 4 Office expenses, printing, Interest on investments— and stationery .. 20 2 6 Due and outstanding .. 2,788 19 6 Medical fees .. .. 11 11 0 Accrued, but not due 13,814 1 0 Audit fee .. .. 41 13 4 — 16,603 0 6 998 18 1 Interest on arrears of contributions due Reserve for commission payable to Public and outstanding .. .. .. 174 4 4 Trustee in respect to interest due or Consolidated Fund, on account of cost-of-accrued .. .. .. .. 415 0 0 living bonus .. .. .. 331 18 11 Unclaimed contributions .. .. 1,573 0 5 Amounts overpaid— Amounts held pending legislation .. 339 15 10 Refund of contributions .. .. 3 0 0 Amounts overpaid or paid into fund in error .. .. .. .. 3 2 8 Government subsidy—Sta- £ s. d. tutory grant paid in advance to 31st December, 1925 .. .. 39,416 13 4 Less portion of additional subsidy (£25,000) voted for year to 31st March, 1925, not paid at 31st January .. .. 20,833 6 8 18,583 6 8 Vouchers issued but unpaid at 31st January, 1925 .. 9,064 2 6 Less cash in hands of Post Office .. .. 2,158 3 7 6,905 18 11 £974,735 16 8 £974,735 16 8 C. E. Crawford, A.1.A.N.Z., Education Department, Secretary, Teachers' Superannuation Board. Wellington, 30th April, 1925. I hereby certify that the Revenue Account and balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—G. F. C. Campbell, Controller and Auditor-General.

11— B. 1 [PT. IV, Sup.] .

75