E — 8

1937. 1936. £ £ Net loss for year .. .. .. .. .. .. 10,111 14,595 Balance at credit of Fund .. .. .. .. 964,605 974,715 Funds invested at 31st January — At 3 per cent. .. .. .. .. .. 5,000 5,000 At 3§ per cent. .. .. .. .. .. 8,175 2,855 At 3| per cent. .. .. .. .. .. 51,681 200 At 3f per cent. .. .. .. .. . . 1,200 1,200 At 4 per cent. .. .. .. .. .. 24,650 80,215 At 4J per cent. .. .. .. .. .. 280,239 174,055 At 4§ per cent. .. .. .. .. .. 1,800 1,800 At 4| per cent. .. .. .. .. .. 136,730 70,082 At 4§ per cent. .. .. .. .. .. 100 2,000 At 4f per cent. . . .. . . . . . . 1,100 At 4f per cent. . . . . . . . . .. 300 At 5 per cent. .. .. .. .. .. 60,715 At 5$ per cent. .. .. .. .. .. 2,250 At 5\ per cent. .. .. .. .. .. 2,400 At 6 per cent. .. .. .. .. .. 1,750 At 6 per cent, f subject to reduction under the National 1 376,392 607,365 At 6J per cent. \ Expenditure Adjustment Act, 1932 J 197 6,250 Mortgage security acquired .. .. .. .. .. 3 ; 109 Total .. .. .. .. .. £954,679 £954,131 f unreduced rate .. 4-972 5-374 Average rate of interest (per cent,) <( after reduction as shown above .. 4-577 4-729 Unclaimed contributions held at 31st January .. .. £855 £1,279 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, 1937, 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, 1937).

2

5 per Cent. 6 per Cent. 7 per Cent. 8 per Cent. 9 per Cent. ] (' e jj£ r Totals. M. F. M. F. M. F. M. F. M. F. M. F. M. F. | Total. I ~ " Number at 31st January, 1936 3,177 3,927 250 255 126 171 64 77 39 29 28 5 3,684 4,464 8,148 New contributors entered during 76 188 19 31 6 13 3 13 4 6 .. 4 108 255 363 year ! Transfers from other funds .. 1 1 . 1 3,254 4,115 269 286 132 184 67 90 43 35 28 9 3,793 4,719 8^512 Number left during year .. 59 314 15l 19 8 11 5 10i 3 7 .. 3 90 364 454 Number at 31st January, 1937 3,195 3,80.1 254:j 267 124 173 62 8oj 40 28 28 6 3,703 4,355 8,058

Number. _ Annual Annual Rate M. F. Total, j Salary ' Contribution. £ £ Total entered (including net increases in salary 6,610 13,294 19,904 5,219,849 294,321 and contributions) Total discontinued .. .. .. .. 2,907 8,939 11,846 2,679,104 159,887 Total existing at 31st January, 1937 .. 3,703 4,355 8,058 2,540,745 134,434