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1930. NEW ZEALAND.

EDUCATION: TEACHERS' SUPERANNUATION FUND.

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

No. I.—TWENTY-THIRD ANNUAL REPORT OF THE TEACHERS' SUPERANNUATION BOARD. For the Year ended 31st January, 1930. The Hon. tie Minister of Education. Sir, —- Wellington, 6th July, 1930. The Board has to submit the following report for the year ended the 31st January, .1930 : — The Board.—The usual quarterly meetings of the Board were held in February, May, August, and November. The following figures show the transactions, &c., of the fund for the year ended 31st January, 1930, as compared with those for previous year : — 1930. 1929. Contributors on roll at 31st January .. .. .. 9,616 9,281 Increase over previous year .. .. .. .. 335 601 Retiring and other allowancesAnnual rate granted during year .. .. .. £21,630 £24,462 Total annual rate at 31st January .. .. .. £226,967 £210,154 Number granted during year—• On retirement .. .. .. .. .. 102 110 To widows .. .. .. .. .. 18 14 To children .. .. .. .. .. 15 9 Number discontinued during year — By death .. .. .. .. .. 34 39 By other causes .. .. .. .. 15 14 Number current at 31st January — Retired members .. .. .. .. 1,231 1,157 Widows and children .. .. .. .. 299 287 Income for year — £ £ Contributions .. .. .. .. .. 141,094 136,061 Government subsidy — Section 112 of Act .. .. .. .. 43,000 43,000 Section 114 of Act .. .. .. .. 3,831 4,000 Additional grant .. .. .. .. 25,000 25,000 Total Government subsidy .. .. .. 71,831 72,000 Interest .. .. .. .. .. .. 70,144 67,828 Total income .. .. .. .. .. £283,069 £275,889

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