E.—B,

1936. 1935. Expenditure— £ £ Retiring and other allowances' .. .. .. .. 313,372 306,350 Contributions refunded or transferred .. .. . . 33,508 33,462 Administration expenses, &c. .. .. .. .. 3,423 3,887 Total expenditure .. .. .. .. £350,303 £343,699 £ £ Net loss for year .. .. .. .. .. 14,595 13,875 Balance at credit of Fund .. .. .. .. 974,715 989,310 Funds invested at 31st January— At 3 per cent. .. .. .. .. .. 5,000 At 3| per cent. .. .. .. .. . . 2,855 At 3| per cent. .. .. .. .. .. 200 At 3| per cent. . . .. .. . . . . 1,200 At 4 per cent. .. .. .. .. .. 80,215 59,820 At 4| per cent. .. .. .. .. .. 174,055 54,160 At 4f per cent. .. . . .. . . . . 1,800 At 4| per cent. .. .. .. .. .. 70,082 17,195 At 4f per cent. .. .. .. .. .. 2,000 At per cent. .. .. .. .. .. .. 500 At 6 per cent. .. .. .. .. .. .. 5,385 At 6 per cent, /"subject to reduction under the National \ 607,365 802,502 At 6J per cent.\ Expenditure Adjustment Act, 1932 / 6,250 9,431 Mortgage security acquired .. .. .. .. 3,109 3,255 Total .. .. .. .. .. £954,131 £952,248 f unreduced rate .. 5-374 5-745 Average rate of interest (per cent.) after reduction as [_ shown above .. 4-729 4-881 Unclaimed contributions held at 31st January .. .. £1,279 £1,680 Cost-of-living Bonus. —The payment of this bonus has been continued in necessitous cases. For the Teachers' Superannuation Board, C. E. Crawford, Secretary.

No. 2.—STATEMENTS IN ADDITION TO THOSE PRESCRIBED BY THE ACT AND REGULATIONS. A. Number of Contributors on the 31st January, 1936, arranged according to Percentage of Contribution.

B. Total Number of Contributors who have joined and left the Fund since its Establishment (1st January, 1906, to 31st January, 1936).

2

5 per Cent. 6 per Cent. 7 per Cent. 8 per Cent. 9 per Cent. r Totals. M. P. M. F. M. P. M. 1 P. M. P. M. P. M. P. Total I ! I Number at 31st January, 1935 3,218 4,203 264 249 133 177 67 84 38 32 28 7 3.748 4,752 8,500 New contributors entered during 26 65 4 18 2 8 2 5 2 2 1 1 37 99 136 year Transfers from other funds .. 1 1 1 j 2 3,245 4,269 268 267 135 185 69 89 40 34 29 8 3,786 4,852 8 638 Number left during year . . 68 342 18 12 9 14 5 12 1 5 1 3 102 388 490 Number at 31st January, 1936 3,177 3,927 250i 255 126[ 171 64 77 39 29 28 5 3,684 4,464 8,148 I '

Number. _ Annual Annual Rate Salary. n 1* M. F. Total, i Contribution. £ £ Total entered (including net increases in salary 6,501 13,039 19,540 4,809,509 272 223 and contributions) Total discontinued .. .. .. .. 2,817 8,575 11,392 2,563,453 153,524 Total existing at 31st January, 1936 .. 3,684 4.464 8,148 2,246,056 118 699