E.— BA.

TABLE VIII. SUMMARY OF TEACHERS' SUPERANNUATION FUND RESULTS. Valuation Balance-sheet, as at 31st January, 1930. Males — Liabilities. £ £ Value of 477 pensions for £117,913 17s. per annum already granted .. 1,045,147 „ 216 pensions for £6,709 3s. per annum granted to widows of contributors and pensioners .. .. .. .. 65,840 ~ 84 pensions for £2,184 per annum granted to children of deceased contributors and pensioners . . .. .. .. 6,846 „ prospective pensions for back service .. .. .. 1,656,786 „ prospective pensions for future service .. .. ■ .. 1,378,978 „ prospective pensions to widows .. .. .. .. 212,281 „ prospective pensions to children .. .. .. .. 42,634 ~ return of contributions on death .. .. .. .. 15,441 „ return of contributions on withdrawal .. .. .. 140,662 4,564,615 Females — Value of 754 pensions for £100,195 17s. per annum already granted .. 1,175,368 ~ prospective pensions for back service .. .. .. 1,219,644 „ prospective pensions for future service .. . . .. 1,308,193 » ~ prospective death benefits—viz., return of contributions and pensions to children . . .. .. .. .. 24,948 „ return of contributions on withdrawal .. .. .. 242,155 3,970,308 £8,534,923 Assets. £ Accumulated funds .. .. .. .. .. .. ... .. 1,198,711 Value of future contributions from males .. .. .. .. .. 973,380 ~ future contributions from females .. .. .. .. .. 662,301 ~ subsidy of £68,000 per annum now being paid .. .. .. .. 1,511,111 „ subsidy under section 114 Public Service Superannuation Act, 1927. . . . 141,329 „ future increase in subsidy to be provided .. .. .. .. 4,048,091 £8,534,923

TABLE IX. Statement showing Subsidies paid as compared with Subsidies required under the System indicated in the Act.

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Shortage accumuYear ended. Subsidy required. Subsidy paid. Shortage. Cent to End^of 1931. £ £ £ £ 31st March, 1906 .. Nil 5,000 —(5,000) —(15,703) 1907 .. 2,000 Nil 2,000 6,011 1908 .. 5,000 Nil 5,000 14,380 31st December, 1908 .. 5,000 Nil 5,000 13,761 1909 .. 8,000 7,000 1,000 2,634 1910 .. 11,000 7,000 4,000 10,080 1911 .. 17,000 7,000 10,000 24,117 1912 .. 17,000 7,000 10,000 23,079 1913 .. 17,000 17,000 Nil Nil 1914 .. 33,000 17,000 16,000 33,815 1915 .. 33,000 17,000 16,000 32,358 1916 .. 33,000 17,000 16,000 30,964 1917 .. 43,000 17,000 26,000 48,151 1918 .. 43,000 17,000 26,000 46,077 1919 .. 43,000 43,000 Nil Nil * „ 1920 .. 68,000 43,000 25,000 40,571 1921 .. 68,000 43,000 25,000 38,825 31st January, 1923* .. 73,667 71,583 2,084 3,097 1924 .. 93,000 63,833 29,167 41,478 1925 .. 137,000 68,000 69,000 93,900 1926 .. 137,000 68,000 69,000 89,856 1927 .. 137,000 68,000 69.000 85,986 1928 .. 173,000 68,000 105,000 125,214 1929 .. 173,000 68,000 105,000 119,822 1930 .. 173,000 68,000 105,000 114,663 Totals .. .. 1,542,667 807,416 735,251 1,023,136 * Period of thirteen months.