DOMINION ITEMS

Hokitika Guardian, 15 June 1931, Page 5

DOMINION ITEMS

TEACHERS’ SUPERANNUATION FUND. (By Telegraph—Per Press Association) AUCKLAND, June 13. The serious posnon of the Teachers’ Superannuation Fund was referred to by Mr F. A. Gaitry, a member of the Teachers’ Siipernunuuatiuii Board, at a meeting of Auckland members of the New Zealand Federation of Teachers

last evi uing. it, was known that the state of the fund had been growing worse within recent years, hut members of the hoard refrained from making the position public. At the last meeting, however, an alarming statement was submitted by the secretary,,said, Mn Gamy,., For the first time in the history of the fund the capital had been eaten into to meet commitments, ’’The state of the fund is going from bad to worse.” lie said, “If the present position contines, in fifteen years, when the peak of the payment is reached, there will he no more capital, and the fund will practically cease to exist. It was decided ty set up a committee to investigate the position of the fund and report to a later meeting

YOUTHS' RESCUED. NEW -PLYMOUTH, June 15. On Sunday afteroon two elimWs, Do-nis Hastings Dudd, 20. of New Plymouth, and John Fitzgibbons, 22, of Waitarn. whose parents reside in Wellington (both clerks of the Bank or New Zealand) were caught 2000 feet up on the seaward side of the Paritutu 500 feet rock base of the breakwater. They were unable to advance or retire. Their signals were seen at 4,25. Attempts at their rescue were made by Alpine Club members. Officers and seamen of the steamer Kim and Opilii ascended the rock on the landward side, and endeavoured to reach the youths with a rope and a bosun’s chair. When night came the rock was lighted with hreak-do-wn ear lights and searchlight’s all night. Their efforts were unsuccessful.

Their rescue was accomplished at 8 o’clock this morning. 1 The youths were pulled up little the worse for their experience.

LYTTELTON WATERS! DERS. STOP WORK MEETING. CHRISTO BURCH. June 15. A special stop work meeting of Lyttelton Watersiders was held this morning to consider a resolution to apply to the Arbitration Court for exemption from the general wage reduction order. The resolution was carried unanimously.