E— 8.

1936. NEW ZEALAND.

EDUCATION: TEACHERS' SUPERANNUATION FUND.

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

No. I.—THIRTIETH ANNUAL REPORT OF THE TEACHERS' SUPERANNUATION BOARD. For the Year ended 31st January, 1936. The Hon. the Minister of Education. g IR) Wellington, 27th August, 1936. The Board has to submit the following report for the year ended the 31st January, 1936 : — 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, 1936, as compared with those for previous year : — 1936. 1935. Contributors on roll at 31st January .. .. .. 8,148 8,500 Decrease from previous year .. .. .. •. 352 403 Retiring and other allowances — Annual rate granted during'year .. .. .. £18,547 £15,577 Total annual rate at 31st January .. .. £315.438 £304,860 Number granted during year — On retirement .. . . • • • • • • 93 84 To widows .. . • • • • • • • 19 29 To children .. .. ■ • • • • ■ 19 8 Number discontinued during year — By death .. .. .. • • • • 46 69 By other causes .. .. . • • ■ • • 8 14 Number current at 31st January— Retired members .. •• •• 1,629 1,575 Widows and children .. . • ■ ■ • • 367 344 Income for year— £ £ Contributions .. .. •• -■ 119,568 114,699 Government subsidy— Section 112 of Act .. •• 43,000 43,000 Section 114 of Act .. •• •• 4,652 4,538 Section 17, Finance Act (No. 2), 1934 .. .. 112,800 108,000 Special on account of interest reductions .. .. 9,594 10,510 Total Government subsidy .. .. 170,046 166,048 Interest .. •• •• •• •• • 46,056 48,327 Profit on realization of investments, &o. .. .. 38 750 Total income <• . £335,708 £329,824 I—E. 8.