PUBLIC SERVICE SUPERANNUATION BOARD (TWENTY-SEVENTH ANNUAL REPORT OF THE), WITH ACCOUNTS, FOR THE FINANCIAL YEAR ENDED 31st MARCH, 1935.

Appendix to the Journals of the House of Representatives, 1935 Session I, H-26

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1935. NEW ZEALAND.

PUBLIC SERVICE SUPERANNUATION BOARD (TWENTY-SEVENTH ANNUAL REPORT OF THE), WITH ACCOUNTS, FOR THE FINANCIAL YEAR ENDED 31st MARCH, 1935.

Presented to Parliament pursuant to the Provisions of the Public Service Superannuation Act, 1927.

RE POET.

The Board lias the honour to submit the following report upon the transactions in connection with the Public Service Superannuation Fund : — The Revenue Account, balance-sheet, and statements regarding membership and retiring and other allowances will be found appended. The Board.—An extraordinary vacancy occurred during the year due to the death of J. W. Maodonald, Esq., C.M.G., a representative for twenty years of contributors other than those belonging to the Post and Telegraph Department and Police Department. Mr. H. W. C. Mackintosh, Commissioner of Crown Lands, Wellington, was elected unopposed to fill the vacancy. Mr. E. 0. Hales, State Advances Superintendent, a statutory member of the Board, ceased to be a member on his appointment as Public Trustee, and was succeeded by Mr. G. E. Miller. Mr. T. Brook, Valuer-General, also a statutory member of the Board, retired during the year and was succeeded by Mr. W. Stewart. The triennial election of members of the Board was held in the month of March last. Messrs. R. H. Brown and E. H. R. Green were re-elected as representatives of contributors belonging to the Post and Telegraph Department; Mr. W. G. Wohlmann was re-elected as representative of contributors belonging to the Police Department; Messrs. J. H. Jerram, H. W. C. Mackintosh, and R. Sinel were re-elected as representatives of contributors belonging to Departments other than those mentioned above. Contributors. —The number of new contributors who joined the scheme during the year, and other particulars, are contained in the following table : —

Number. Rate per Cent, of Annual Salary Annual Contribution. AnnUal balary ' Contributions. Male. Female. Total. I • £ s. d. £ s. d. 5 1,025 340 1,365 127,918 1 8 6,395 18 1 6 34 9 43 9,181 0 10 550 17 3 7 19 7 26 5,670 16 8 396 19 2 8 10 4 14 3,488 15 0 279 2 0 9 6 6 1,791 5 0 161 4 3 10 1 .. 1 205 4 2 20 10 5 Transfers from other 3 1 4 789 6 8 39 9 4 funds Totals .. 1,098 361 1,459 149,044 10 0 7,844 0 6

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The following table shows particulars of the public servants who were contributing to the fund on the 31st March, 1935 (after allowing for deaths, retirements, and withdrawals), grouped according to their respective rates of contribution : —

The number of male contributors increased by 778 ; female contributors increased by 58. The net increase in the annual contributions amounts to £i 3,391, due partly to new contributors and partly to the festoration of salary " cuts." Retiring and other Allowances.—Pensions for £21,610 9s. per annum were granted during the year as follows : For age or length of service, £13,813 7s. to 53 members (41 male and 12 female members) : for medical unfitness for duty, £3,287 12s. to 32 members ; to 1 contributor retired under the provisions of section 14, Finance Act, 1931, £247 10s. per annum ; to 1 Police contributor injured on duty, £126 per annum ; to widows and children of deceased members, £2,914 per annum to 94 widows and £1,222 per annum to 47 children. Under section 114 of the Public Service Superannuation Act, 1927, the statutory allowances to widows and children were increased from £18 to £31 per annum and from ss. per week to 10s. per week respectively. The additional expenditure on this account is recovered from the Consolidated Fund. Civil Service Act, 1866 : Compensation Rights.—The total amount of such compensation for which the fund became liable since the initiation of the scheme is £561,134. To this amount must be added accretions to the date of retirement, approximately £143,000, for which the Consolidated Fund would otherwise have been liable, and the whole may be fairly set against the total subsidies paid to the fund during the past twenty-seven years, amounting to £2,203,415. One hundred and twenty-two retiring or other allowances were discontinued by death, and sixty-six for other causes —viz., five widows remarried and sixty-one children reached the age of fourteen years. The annual amount payable at the close of the year was £489,198 195., as shown in the statement attached. Income. —The total income for the year was made up as follows :— Members'ordinary contributions .. .. .. .. .. 239,030 Subsidy, Cook Islands and Samoan Administration .. . . .. 555 Contributions from Government .. . . .. .. .. 149,211 Fines, &c. . . . . . . .. . . .. . . 405 Interest . . . . . . . . . . . . . . . . 153,333 Premium on conversion, local-body debentures .. .. .. 18,681 Total income for year .. . . .. . . . . £561,215 Outgo.—The pensions paid during the year to contributors who have retired and to dependants of deceased contributors amounted to £488,836 ss. 3d.—viz., £449,435 Bs. to members and £39,400 17s. 3d. to widows ancl children. Refunds of contributions to contributors who have left the Service amounted to £29,488 6s. 4d., while the refunds under section 42 to personal representatives of deceased contributors and annuitants amounted to £9,865 12s. sd. Three contributors who were retired elected to accept a refund of their contributions under section 34, amounting to £711 3s. 4d., in lieu of retiring-allowances. Three contributors were transferred to other funds in accordance with the provisions of section 120, and their contributions, amounting to £356 ss. Bd., were accordingly transferred to such funds. The salaries of the staff and other office expenses were £2,383 7s. lid. and £1,979 13s. 4d. respectively. The total outgo for the year was £543,327 7s. lid. Accumulated Funds.—These amounted at the end of the year to £2,917,451 12s. 3d. Balance-sheet. —On the 31st March the total assets of the fund, which include provision for the outstanding accounts, amounted to £2,997,584 9s. 3d. The balance-sheet appended gives full particulars as to the liabilities and assets.

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Rate Number. per Gent, of Annual Salary. „ f 1 ?" 11 ® 1 Contribution. Contributions. Male, Female. Total. £ s. d. £ s. d. 5 13,259 2,017 15,276 3,650,158 3 4 182,507 18 2 6 1,310 137 1,447 418,714 15 10 25,122 17 9 7 807 88 895 260,629 3 4 18,244 0 10 8 397 47 444 132,240 16 8 10,579 5 4 9 114 11 125 38,325 0 0 3,449 5 0 10 16 2 18 5,032 18 4 503 5 10 Totals .. 15,903 2,302 18,205 4,505,100 17 6 240,406 12 11

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Investment of the Fund. —The total investments of the fund at each rate of interest were as I» n »T , follow :— |; r Inscribed stock — £ s. d. 4 per cent. .. .. .. .. .. .. 498,110 0 0 Rural Advances bonds— 5 per cent.* .. .. .. .. .. .. 236,155 10 0 Rural intermediate credit bonds— 5J per cent.* .. .. .. .. .. .. 29,000 0 0 Debenture securities —■ £ a. d. 4J per cent. .. .. .. .. 276,011 2 9 5 per cent.f .. .. .. .. 12,560 0 0 5J per cent.f ■ • • ■ • • • • 6,240 0 0 5J per cent.f .. .. .. .. 2,000 0 0 6 per cent.f ~ .. .. .. 187,827 5 5 484,638 8 2 Mortgage securities — 4| per cent. .. .. .. .. 75,570 0 0 5 per cent. .. .. .. .. 37,062 411 s|-per cent.f .. .. .. .. 5,059 0 9 6 per cent.f . . .. . . . . 1,347,995 6 0 6J per cent.f .. .. .. .. 6,643 9 8 1,472,330 1 4 £2,720,233 19 6

* Subject to an interest-tax at the rate of 20 per cent, charged on all interest on and from Ist April, 1933. Vide section 6, Finance Act, 1932-33. f Interest on and from Ist April, 1933, 20 per cent, lower than the rate prescribed by the securities or to the rate of 4J per cent, per annum, whichever rate is the higher. Section 5, Local Authorities Interest Reduction and Loans Conversion Act, 1932-33. % Subject to a reduction of 20 per cent., but not to be reduced below the rate of 5 per cent, per annum. Part 111, National Expenditure Adjustment Act, 1932.

A special payment into the fund was made by Treasury (amounting to £30,420), being the amount of the reduction in the interest-rate of the four classes of securities. The above total includes £20,849 18s. 7d. invested on Stipendiary Magistrates' account. The average rate of interest earned for the financial year on the mean funds was £5 Bs. 4d. per cent., a reduction of 3s. 2d. per cent, as compared with the previous year. In this connection it must be understood that the amount of interest due and outstanding and interest accrued but not due at the balance date is taken into account in arriving at the before-mentioned rate. Reference to the balance-sheet discloses the sum of £47,173 lis. 9d. is overdue on mortgage securities. The Courts, acting under the powers contained in the Mortgagors and Tenants Relief Act, 1933, have written off during the year the sum of £6,848 4s. 9d., being arrears of interest; in addition, the rate of interest has been reduced from 5 per cent, to as low as 2 per cent, in a number of cases for periods varying from one to three years. Operations of the Fund. —The following comparative statement shows the operations of the fund (to the nearest pound) as disclosed in the Revenue Accounts and balance-sheets for the ten-year period ended 31st March, 1935.

R. Masters, Chairman.

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Income. Expenditure. Contributions. Interest on Year ' Arrears o7 Miscel " Hpfmuls Pensions < A tSion" Miscel- AccumuBmployees. Employer. *'"35" Oontribu- laneous - Expenses. laneoIls - lated Funds. menus. Hons. £ £ £ ££££ ££ £ 1925-26 .. 257,378 102,436 132,993 3,805 277 53,362 316,400 6,920 185 2,317,399 1926-27 .. 246,635 100,669 139,369 899 328 45,341 322,759 7,881 28 2,429,290 1927-28 .. 249,301 100,955 146,351 439 504 50,193 338,138 7,932 2,124 2,528,454 1928-29 .. 253,593 101,130 147,040 332 269 44,234 351,396 8,070 1,176 2,625.943 1929-30 .. 263,424 201,707 154,612 146 405 50,107 367,490 8,158 2,472 2,818,004 1930-31 .. 271,423 102,289 162,888 264 422 40,754 381,243 8,418 8,775 2,917,154 1931-32 .. 190,347 102,757 168,453 238 486 48,552 431,922 8,650 2,277 2,888,034 1932-33 .. 226,420 141,038 166,814 447 302 45,345 472,288 7,620 387 2,897,415 1933-34 .. 228,650 144,129 157,200 651 4,464 37,551 486,925 7,180 1,287 2,899,564 1934-35 .. 238,844 149,766 153,333 185 19,086* 40,065 488,836 7,429 6,997 2,917,452 Liabilities. Assets. Sundry Creditors. Sundry Debtors. „ Other, Investments SfStth" v ear - Accumu- including (including riwm Oash at Miscellated Fund. Pen- lie- Em- Govern- Accrued Em- Em- ".L" Bank. laneous. sions. funds, ployees. ment Interest). ployees. ployers. ' 555 "r! Depart- paramenia. menfs. £ £ £ £ £ £ £ £ £ ££ 1925-26 .. 2,317,399 2,276 3,162 3,286 1,002 2,339,705 5,763 109 34,421 11,320 307 1926-27 .. 2,429,290 3,059 922 1,587 22,075 2,474,867 20,942 241 23,103 1,691 589 1927-28 .. 2,528,454 3,526 1,983 1,903 19,072 2,577,894 21,305 215 12,253 5,195 2,576 1928-29 .. 2,625,943 3,825 943 2,232 14,739 2,678,470 18,118 255 10,881 4,062 398 1929-30 .. 2,818,004 4,323 1,340 676 17,012 2,862,747 17,267 126 25,067 1,457 246 1930-31 .. 2,917,154 4,097 1,735 517 14,178 2,974,146. 14,391 277 12,074 1,004 288 1931-32 .. 2,888,034 3,566 1,617 4,725 54,472 2,979,354 16,101 243 20,406 326 483 1932-33 .. 2,897,415 3,056 1,444 398 14,853 2,892,282 24,541 212 61,510 652 2,469 1933-34 .. 2,899,564 . 2,684 1,692 212 3,386 2,882,531 29,191 231 56,922 1,018 2,147 1934-35 .. 2,917,452 3,302 904 288 10,803 2,777,030 13,957 198 73,625 130,378 2,062

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PUBLIC SERVICE SUPERANNUATION FUND. Revenue Account for the Year ended 31st March, 1935. Dr. £ s. d. Cr. To Amount of fund at beginning of year .. 2,899,564 5 6 By Retiring-allowances—- £ s. d. £ s. d. Members'contributions — To members .. .. 449,435 8 0 Under section 19 (ordinary) .. .. 238,622 510 To widows and children 39,400 17 3 Transferred from other superannuation 488,836 5 3 funds .. .. .. .. 221 13 3 Contributions returned — Interest on arrears of contributions .. 185 9 3 Under section 37 (left Government subsidy— service) .. .. 29,488 6 4 Under section 50, Public Under section 42 (death) 9,865 12 5 Service Superannua- £ s. d. Under section 34 (retiretion Act, 1927 .. 86,000 0 0 ment) .. .. 711 3 4 Under section 17, Pi- 40,065 2 1 nance Act (No. 2), Contributions transferred to other super--1934 (additional) .. 5,000 0 0 annuation funds (section 120) .. .. 356 5 8 Under section 19, Fi- Interest (section 38, Public Service Supernance Act (No. 3), annuation Act, 1927) .. .. .. 121 17 7 1934 .. .. 40,981 12 6 Loss on realization of securities .. .. 6,516 15 0 Under section 114, Public Unclaimed moneys recovered .. .. 2 6 0 Service Superannua- Expenses— .. .. £ s. d. tion Act, 1927 (widows Salaries .. .. 2,383 7 11 and children) .. 17,229 9 6 Audit fees .. .. 60 0 0 149,211 2 0 Contingencies .. .. 2 10 0 Interest on investments, Legal charges .. .. 188 18 6 £129,761 Bs. 9d. ; less Post and Telegraph Deamounts written off by partment charges .. 1,001 2 6 Court orders, Mortgagors Public Trustee's commisand Tenants Relief Act, sion .. .. . . 3,065 15 1 1933, £6,848 4s. 9d. .. 122,913 4 0 Medical fees .. .. 79 16 0 Reimbursement by Trea- Heating and lighting .. 12 19 5 sury on account reduction Travelling-expenses .. 23 2 0 of interest* .. .. 30,420 0 0 Rent .. .. .. 144 0 0 153,333 4 0 Printing and stationery .. 140 13 10 Subsidy, Cook Islands and Samoa . . 555 4 0 Postages, telegrams, and Premium on conversion local-body deben- services .. .. 212 18 11 tures .. .. .. .. 18,681 3 1 Typewriters and other Pines, fees, and sundries . . .. 356 1 4 machines (upkeep) .. 4 14 4 Stipendiary Magistrates' Account: Adminis- Cleaning .. .. 46 14 0 tration expenses recovered -.. .. 48 11 10 Messenger service .. 40 7 1 Furniture and fittings .. 21 16 9 7,428 16 4 Balance as at 31st March, 1935 .. .. 2,917,451 12 2 £3,460,779 0 1 £3,460,779 0 1

* Payment by Treasury of amount of statutory reduction of interest on'mortgage securities (National Expenditure Adjustment Act, 1932, Part III), £15,295; interest-tax, rural advances bonds, and intermediate-credit debentures (section 6, Finance Act, 1932-33), £2,818; statutory reduction of interest New Zealand Government inscribed stock (New Zealand Debt-conversion Act, 1932-33), £6,332; statutory reduction of interest, local-body debentures (section 5, Local Authorities Interest Reduction and Loans Conversion Act, 1932-33), £5,975 : total, £30,420.

Balance-sheet as at 31st March, 1935. Liabilities. Assets. £ s. d. Superannuation Fund Ac- Amount invested by the Board .. .. 2,699,384 011 count— £ s. d. £ s. d. Contributions of members — £ s. d. Balance due from Revenue In course of transmission .. 12,579 15 1 Account .. .. 2,917,451 12 2 Due and outstanding .. 1,377 13 3 Add value of office furniture, 13,957 8 4 fittings, and machinery .. 333 14 8 Interest on investments— — Due and outstanding .. 47,173 11 9 2,917,785 6 10 Accrued but not due .. 30,472 1 9 Less amount due to con- 77,645 13 6 tributors under the pro- Subsidy— visions of section 9 (2), Cook Islands and Samoa . . 23 17 9 National Expenditure Section 114, Public Service Adjustment Act, 1932 71,624 19 4 Superannuation Act, 1927 173 18 5 2,846,160 7 6 197 16 2 Retiring and other allowances Contributions transferable from other superdue in course of payment— animation funds .. .. .. .. 31198 To members .. .. 2,941 10 3 Rates, fees, premiums paid on account mortTo widows and children .. 360 19 5 gagors (recoverable) .. .. .. 1,753 13 2 3,302 9 8 Office furniture, fittings, and machinery .. 333 14 8 Refunds of contributions due in Sundry debtors (Rarotongan Administration) .. 275 17 4 course of payment — £ s. d. Under section 37 (left ser- n u ■ i, i t> i.i- m ± f 11,373 11 9 vice).. .. .. 384 1 5 Cash m hand, Public Trustee | t62 ; 251 4 5 Under section 42 (death) .. 520 3 7 73,624 16 2 904 5 0 Cash in bank .. .. .. .. 130,377 17 5 Expenses due in course of pay- Assets in Suspense .. .. .. .. 11111 ment — Heating and lighting .. 1 0 10 Printing and stationery .. 15 12 0 Post and Telegraph Department charges .. .. 233 6 0 Postages and services .. 30 5 0 280 3 10 Contributions paid in advance or in error .. 198 5 0 Public Trustee's charges on accrued interest .. 2,511 4 0 Balance Government subsidy* .. .. 64,500 0 0 Amount due to contributors under the provisions of section 9 (2), National Expenditure Adjustment Act, 1932 .. .. .. .. 71,624 19 4 Writing off, Suspense Account .. .. 1 11 11 Post Office Account .. .. .. 8,011 6 3 Unclaimed Account (contributions, &c.) .. 89 16 9 £2,997,584 9 3 £2,997,684 9 3

* The Government subsidy is paid in January of each year; owing to the change in the date of the financial year, to show the true position of the fund it is necessary to state this item as a liability. t On deposit at call.

I hereby certify that the Revenue Account and. Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—J. 11. Fowler, Deputy Controller and Auditor-General.

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PUBLIC SERVICE SUPERANNUATION PUND —continued. Stipendiary Magistrates' Account. Revenue Account for the Year ended 31st March, 1935. Dr. £ s. d. Cr. £ s. d. To Amount of fund, Ist April, 1934 .. .. 22,418 2 3 By retiring-allowances .. .. .. 4,239 2 6 Members' contributions, section 63, Public Loss on realization of securities .. .. 52 8 7 Service Superannuation Act, 1927 .. 1,429 8 6 Administration expenses .. .. .. 48 II 10 Interest on investments .. .. .. 1,140 3 3 Balance as at 31st March, 1933 .. .. 20,797 16 11 Premium on conversion local-body debentures.. 150 5 10 £25,137 19 10 £25,137 19 10 Balance-sheet, as at 31st March, 1935. Liabilities. £ s. d. £ s. d. Assets. £ s. d. Stipendiary Magistrates Account — Amount invested by the Board .. .. 20,849 18 7 Balance due from Revenue Account .. .. .. 20,797 16 11 Less amount due to contributors under the provisions of section 10 (3), National Expenditure Adjustment Act, 1932 . . . . 606 5 2 20,191 11 9 Retiring-allowances due in course of payment .. 52 18 Amount due to contributors under the provisions of section 10 (3), National Expenditure Adjustment Act, 1932 .. .. .. .. .. 606 5 2 £20,849 18 7 £20,849 18 7 Subsidiary Account. Cost-of-living Bonus paid to Annuitants of the Public Service Superannuation Fund on behalf of the Treasury. £ s. d. £ s. d. To Amount disbursed for period Ist April, 1934, to By Balance, Ist April, 1934 .. .. .. 1 4 0 31st March, 1935 .. .. .. 1,180 12 7 Amount received from Treasury .. .. 1,179 8 7 £1,180 12 7 £1,180 12 7 I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.— J. H. Fowler, Deputy Controller and Auditor-General. R. S. Wogan, Secretary, M. P. Finnigan, Accountant, Wellington, 24th June, 1935. Public Service Superannuation Board.

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PUBLIC SERVICE SUPERANNUATION FUND—continued. Statement of Contributors for the Year ending 31st March, 1935.

Particulars of Contributions discontinued during the Year.

Progress of Contributors since Date of Establishment of the Fund to 31st March, 1935.

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Number. , Annual Salary. C ontX«ons. M. P. Total. £ s. d. £ s. d. Contributors at beginning of the year .. 15,125 2,244 17,369 4,238,416 16 8 227,014 15 7 New contributors entered during the year .. 1,095 360 1,455 148,255 3 4 7,804 11 2 Contributors transferred from other funds .. 3 1 4 789 6 8 39 9 4 Increase by promotion during the year .. .. .. .. 250,093 0 10 12,954 16 2 Total .. .. .. .. 16,223 2,605 18,828 4,637,554 7 6 247,813 12 3 Contributions discontinued during the year .. 320 303 623 132,453 10 0 7,406 19 4 Total" contributors at end of year .. 15,903 2,302 18,205 4,505,100 17 6 240,406 12 11

NUmb6r ' ! Annual Amount RetiringHow discontinued. 1 Annual Salary. . paid on allowance M- Total . ; ' Contributions. Ketlrement . granted. £ s. d. £ s. d. £ a. d. £ s. d. By death before retiring-allowance en- 50 5 55 17,946 12 6 1,053 2 9 9,088 15 4 1,913 0 0 tered upon (sees. 42 and 43) By retirement before retiring-age (see. 37) 198 277 475 79,021 5 0 4,151 10 8 29,488 6 4 By retirement (sec. 34) . . .. 2 1 3 572 13 4 44 5 0 711 3 4 By retirement medically unfit (see. 32) 25 7 32 8,626 13 4 475 10 9 .. 3,287 12 0 By retirement (see. 61) .. .. 1 1 251 5 0 12 11 3 .. 126 0 0 By retirement at retiring-age or for 41 12 53 24,336 0 0 1,583 6 0 .. 13,813 7 0 length of service (see. 26) By retirement (sec. 14, Finance Act, 1931) 1 1 425 0 0 21 5 0 .. 247 10 0 By transfer to other funds (sec. 120) .. 2 1 3 911 15 0 45 11 9 356 5 8 By reduction .. .. 362 5 10 19 16 2 Total .. .. .. 320 303 623 132,453 10 0 7,406 19 4 39,644 10 819,387 9 0

Number. Annual Salary. Contributions. M. F. Total. £ s. d. £ s. d. Total entered .. .. .. .. 34,319 9,337 43,656 10,063,941 6 8 583,541 6 6 Total discontinued .. .. .. 18,416 7,035 25,451 5,558,840 9 2 343,134 13 7 Total existing at 31st March, 1935 .. 15,903 2,302 18,205 4,505,100 17 6 240,406 12 11

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R. S. WOGrAN, Secretary, M. P. Finnigan, Accountant, Public Service Superannuation Board.

PUBLIC SERVICE SUPERANNUATION FUND— continued. Statement of Retiring and other Allowances for the Year ended 31st March, 1935.

Approximate Cost of Paper.—Preparation, not given ; printing (1,970 copies), £12 10s.

By Authority: G. H. Loney, Government Printer, Wellington. —1935.

Wellington, 24th June, 1935.

Price 6d.]

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-itSaa- js®2k teaser srS: "•"-Mr""* s ~ : •—««?•« ~-«ar— Number. Number. Num- Num- Num- Num- , T , „ . Annual Annual ber. . . ber. , , ber Number. . h Number. Number. ; Amount Annual Annual H Annual Annual !_ Annual Annual Annual M. F. Total. ' m F £ Amount. Amount. Amount. ; Amount. 75 Amount. Amount Amount Amount. m - *■ o M. M. M. i M. F. -g F. M. F. Total. M. F. Total. — — ! EH I Retiring and other allowances — £ s. d £ s d £ ! ! 'l2 "lj'sis 0 6 " 2 32 12 1;653 10 6 6(5 8,459 1» 0 41 6,704 7 0 22 4 26 2,663 1 o| 968 30,008 203 139 342 8,892 2,147 1,411 3,558 488,074 2 0 ment I ' 12 0 1 126 0 0 .. .. .. 1 .. 1 247 10 0 29 899 21 18 39 1,014 89 66 155 19,387 9 0 Granted during year after retirement " " " '• •• •• •• •• •• •• 65 2,015 3 5 8 208 3 70 73 2,223 0 0 Discontinued during year " * in'lit 16 5 ® 10 12 1,77910 61 66 8,459 10 0 41 6,704 7 0 23 4 27 2,910 11 0 1,062 32,922 227 162 389 10,114 2,239 1,547 3,786 509,684 11 0 " 1,186 8 0 •• j 1 170 1 0 1 98 6 0 .. j 30 930 35 26 61 1.586 127 62 189 20,485 11 5 g dofyeai .. l,544i 264 1,808 399,149 9 3 246 49 295 29,943 18 10 12 1,779 10 6;| 55 8,289 9 0 40 6,606 1 0 23 4 27 2,910 11 0 1,032 31,992 192 136 328 8,528 2,112 1,485 3,597 489,198 19 7 :— ■ 11 «§ ; ii jParticulars of Retiring and other Allowances discontinued during the Year. j ~ ~ r — — : How discontinued — | By expiry ' 3 4 82 16,51416 5 | 11 2 13 M 20 2 0.. .. 1 170 1 0 1 98 6 0 25 775 91 31 122 18,678 5 5 1 •' 1 66 6 0 .. .. .. .. .. .. .. 5 155 35 26 61 1,586 36 31 67 1,807 6 0 TOtal " " ,S | 4 83 16,514 16 5 | 12 2 14 1,188 8 0.. .. 1 170 1 0 1 98 6 0 .. 30 930 35 26 61 1.586 127 62 189 20,485 11 5 — ; I _ Progress of Retiring and other Allowances since Establishment of the Fund to 31st March, 1935. II j III i I — Ī Total discontinued i ?'iwl i'ithI 0 j 51 3 64 582 52,784 12 5 16 2,223 14 0 59 8,747 14 0 49 7,688 8 0 23 4 27 2,910 11 0 1,444 42,554 748 677 1,425 31,083 4.089 2,499 6,588 730,331 16 5 Total discontinued .. .. |1,132 | 46 1,178 183,190 7 9.272 15 287 22,840 13 7. 4 444 3 6 4 458 5 0 9 1,082 7 0 412 10,562 556 541 1,097 22,555 1,977 1,014 2,991 241,132 16 10 Total existing at 31st Maxell, 1935 j 1,544 264 399,149 9 3 246 49 295 29,943 18 10| 12 1,779 10 6 55 8,289 9 0 40 6,606 1 0 23 4 27 2,910 11 0 1,032 31,992| 192 136 328 8,528 2,112 1,485 3,597 489,198 19 7