TEACHERS' SUPERANNUATION BOARD.

Dominion, Volume 1, Issue 256, 22 July 1908, Page 2

TEACHERS' SUPERANNUATION BOARD.

; —— : —• • The Teachers' Superannuation Board met yesterday, there being present:—The Hon. G. Fowlds, Minister tor Education (in the chair), and Messrs. G. Hogben (InspectorGeneral of Schools),'J. .W. Poynton (Public Trustee), W. H. Newtoii-(President of the ' Now : Zealand Educational Institute),-' Win.' Foster, and AV. T.-Grundy (North Island "con- ; tributors' representatives), T. Hughes-(South' Island : contributors' representative), ; Dr. • Fitchett (Solicitor-General), R. J. . Collins (Secretary to the Treasury), and F; de Castro (Secretary to the Board). '- . :Refunds of contributions •' amounting' .to- : £563 7s. 9d."were authorised to be paid to teachers who had left the service since April 2i, 1903. ■; ; ; v.y The' following retiring allowances wero made: — ' ''' - Optional age retirements—P. Moores, Auckland, £52; Miss Margaret Henny; Auckland, £C 2. ■ Retiring , medically unfit—J.. H. Broughton(Department), £62; H. Bussell, North (Gait-;. .. terbury, £52 ; : Miss ' Mary " Virtue,, Nelson, £52. . V '• Allowances to ! widows—Mrs. Greenwood,' £18, also, refund of husband's contributions and ss. a'weok for her child until it.reaches tho age of 14 years; Mrs: M. J. Kerr, Canterbury Board, £18 and refund' of con-' ' tributions; Mrs. M'Clellaml, Otago' Board, £18 and refund, of contributions; Mrs. A., Webber,.'Hawke's; Bay Board, £18, .also 'refund of contributions and ss. per Week for her ■ child until it reaches the ' age of. 1-I'. 'Jlarch- 31, 1908, the list of members . of'the fund totalled 2883; during the; period' ' fro'in'. that time until' June 30, 74 new' members had' been admitted, while -48 "had 're-" ■ tired, 'leaving a total membership' on June 30" of 2914. - For the period ending June 30; 1908, thoreceipts :totalled £8018 185.'5 d.; interest amounted to £583 4s. Id.: and the total receipts to date, including tho bank balance of £62,222 lis., on March 30 amounted to £70,824 13s. 6d... Tho sum of £1671 9s 6d has been paid out in allowances since March 30, and £593.165. 9d. in refunds of ' contributions.-- The balance,to date is .now £68,555,'35.' 3d.; of.this sum, £5000 is invested sat' 5 per cent., £41,600. at>4l.. per , ■cent., and £19,455 3s. 3d.'at 4 per cent. Witt .; the Public Trustee.