GOVERNMENT RAILWAYS SUPERANNUATION FUND. REPORT OF BOARD.

Appendix to the Journals of the House of Representatives, 1937 Session I, D-05

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1937. NEW ZEALAND.

GOVERNMENT RAILWAYS SUPERANNUATION FUND. REPORT OF BOARD.

Laid before Parliament in pursuance of Section 124 of the Government Railways Act, 1926.

The Board has the honour to transmit for the information of Parliament the following report upon the transactions of the Government Railways Superannuation Fund for the year ended 31st March, 1937. The Revenue Account, Balance-sheet, and statements in connection therewith will be found appended. The income for the year exceeded the expenditure by £3,866 14s. Members' Contributions.—The income under this heading showed an increase of £15,500 os. Id. The number of contributors at 5 and 6 per cent, increased by 1,389 and 10, while contributors at 3, 4, 7, and 8 per cent, decreased by 64, 7, 8, and 1 respectively. The increase in amount of contributions is due to the restoration of salary and wages and to a large number of appointments to the permanent staff. Contingent Contributors. —During the year 296 casual employees elected to contribute to the fund, so that in the event of their subsequently being permanently appointed they would not be faced with a liability in respect of service prior to permanent appointment. The total number of employees so contributing at the end of the year under review was 469, and the amount standing to their credit £15,624 Bs. sd. Subsidy.—ln addition to the sum of £170,000 paid into the fund by the Working Railways Department, a subsidy of £65,000 was received from the Treasury in accordance with the provisions of section 17 of Finance Act (No. 2), 1934. Interest. —The interest earned amounted to £64,610 17s. 6d., a decrease of £1,266 6s. 7d. as compared with the previous year. Table D, Statement of Investments, shows that the average rate of interest on securities held at the 31st March, 1937, was 4-415 per cent., and the average rate earned on the mean funds for the year 5-259 per cent., as against 4-577 per cent, and 5-484 per cent, respectively for the previous year. Life Allowances. —The expenditure on account of life allowances to members amounted to £420,208 14s. 3d., an increase of £639 ss. 7d. as compared with the figures for the previous year. Year ended 31st March, 1936, showed a decrease under this heading of £2,908 3s. 2d. The increased expenditure on account, of life allowances is mainly due to the actuarial revaluation of the allowances of 108 members who were retired under the provisions of section 14 of the Finance Act, 1931. As from Ist April, 1937, the additional amount involved by the revaluation is being met by the Working Railways Department. Table A, Statement of Allowances, shows that the average amount of the eighty-seven allowances granted during the year was £139 10s. 2d. and the average amount of ninety-one allowances discontinued was £144 10s. Bd. Allowances to Widows and Children. —The expenditure under the heading of allowances to widows and children showed a decrease of £410 6s. lOd. The sum of £12,704 6s. 9d. was received from the Working Railways Account during the year on account of the increased payments to widows and children, as provided in section 114, Part 111, of the Government Railways Act, 1926. Approval was received for the continuance of the cost-of-living bonus to annuitants in cases of special hardship where the allowance was less than £100, the amount of bonus granted being sufficient to bring the allowance up to £100, but with a maximum bonus of £26. The bonus is provided for out of the Working Railways Account, and is not a charge on the Superannuation Fund. At the 31st March, 1937, there were 2,310 members, 634 widows, and 326 children, making a total of 3,270 persons actually on the fund, involving an annual liability of £437,986 18s. lOd. D. G. Sullivan, Chairman, Government Railways Superannuation Fund Board,

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* Total allowances granted and discontinued include 200 widows at £18 only, and 693 children at £13 only, exeunt prior to increase of allowances. t These figures include 134 allowances totalling £15,620 lis. per annum granted under section 14, Finance Act, 1931. Of these allowances, 108 were, as provided for by section 27, Statutes Amendment Act, 1936, increased by £3,553 Bs.

Table A.—Statement of Allowances foR the Year ended 31st March, 1937.

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On AttainmenfolBeHrtog Age or for S wrt™ 113 ' T ° tal E^iring and other Length of Service Medically Unfit. Widows. Children. Allowances. t Number. Number. ■ | Number. Number. lTS : " Ani{ualAm0unt - Annual Amount. | I T Annual Amount. M. F. Total. M. Ī. Total. ! M. I". Total. M. Ī. Total. I I I " I : . ' || | ■ | j Retiring and other allowances —• £ s. d. i £ s. d. £ s. d. £ s. d. J £ s. d. Existing at beginning of year .. 1,776 j 1 1,777 355,407 7 1 j 537 .. 537 64,391 15 2 631 19,561 0 0 177 186 ! 363 9,438 0 0 2,490 8183,308 I 448,798 2 3 Granted during year .. .. 50 j 50 7,780 10 0 | 37 37 4,356 12 0 j 28 868 0 0, 17 16 33 858 0 0 104 44 148 ! 13,863 2 0 Total .. .. 1,826 j 1 1,827 363,187 17 1 i 574 .. 574 68,748 7 2 jj 659 20,429 0 0 194 202 j 396 ! 10.296 0 0 2,594 8623,456 I 462,661 4 3 Discontinued during year .. 74 j .. 74 11,126 4 6 17 .. 17 2,026 8 11 Ij 25 775 0 0 40 30 70 1,820 0 0 131 55 186 j 15,747 13 5 1,752 1 1,753 352,061 12 7 557 .. 557 66,721 18 3 j 634 19,654 0 0 154 172 326 | 8,476 0 0 2,463 8073,270 446,913 10 10 Increased allowances granted .. .. .. 3,553 8 0 .. .. .. .'. j .. j .. 3,553 8 0 under provisions of section 27, Statutes Amendment Act, 1936, to 108 members who were retired under provisions of section 14, Finance Act, 1931 Existing at end of year .. 1,752 1 1,753 355,615 0 7 557 .. 557 66,721 18 3 634 19,654 0 0 jj 154 172 326 8,476 0 0 2,463 8073,270 450,466 18 10 Particulars of Retiring and other Allowances discontinued during the Year. How discontinued — ! I By death .. .. .. 74 .. 74 11,126 4 6 17 .. 17 2,026 8 11 14 434 0 0 .. .. .. .. 91 14 105 13.586 13 5 By expiry .. .. .. .. 11 341 0 0 40 30 70 1.820 0 0 40 41 81 0 0 Total .. .. 74 .. 74 11 126 4 6 17 .. 17 2,026 8 11 25 775 0 0 j 40 i 30 70 1,820 0 0 131 55 186 15,747 13 5 ! ! Progress of Retiring and other Allowances since Establishment of the Fund to 31st March, 1937. Total granted*f .. .. 3,229 [ 2 ,3,231 523,667 13 2 919 1 920 98,750 0 3 11,035 29,485 0 0 921 915 1,836 38,727 0 0 5,069 !19537,022 : 690,629 13 5 Total discontinued* .. .. 1,477 : 1 1,478 168,052 12 7 362 1 363 32,028 2 0 401 9,831 0 0 767 743 1,510 30,251 0 0 2,606 ,11463,752 j 240J62 14 7 Total existing at 31st March, 1937.. 1,752 1 1,753 355,615 0 7 557 .. I 557 66,721 18 3 634 19,654 0 0 154 172 326 8,476 0 0 2,463 ' 807 3,270 450,466 18 10 Less amount receivable from the Working Railways Account on account of increased payments to widows and children .. .. .. .. .. .. .. .. 12,480 0 0 £437,986 18 10

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Table B.—Statement of Contributors.

Table C. —Progress op the Fund. Balance forward. Allowances granted. £ s. d. £ s. d. 1903.. .. .. .. .. .7,056 11 9 1904.. .. .. .. .. 40,357 17 3 12,010 14 8 1905 .. .. .. .. .. 68,670 7 8 8,519 7 8 1906.. .. .. .. .. 90,984 1110 6,348 13 7 1907.. .. .. .. .. 110,736 12 3 4,398 14 11 1908.. .. .. .. .. 126,642 18 11 7,332 7 11 1909.. .. .. .. .. 157,151 14 9 6,359 11 0 1910.. .. .. .. .. 173,876 1 8 11,828 0 6 191] .. .. .. .. 207,242 7 11 8,064 11 5 1912.. .. .. .. .. 233,457 8 6 7,065 16 4 1913.. .. .. .. .. 264,455 5 4- 8,568 6 6 1914.. .. .. .. .. 295,469 11 6 9,865 17 8 1915.. .. .. .. .. 346,155 18 2 11,871 14 3 1916 .. .. .. .. .. 362,810 4 2 9,662 2 5 1917.. .. .. .. .. 377,585 2 1 11,733 11 11 1918 .. .. .. .. .. 373,097 12 7 8,386 4 0 1919.. .. .. .. .. 363,804 4 4 9,252 17 8 1920.. .. .. .. .. 408,232 10 8 20,341 7 3 1921.. .. .. .. .. 464,490 17 0 20,346 8 9 1922.. .. .. .. .. 543,53110 8 23,050 2 0 1923.. .. .. .. 584,219 2 4 22,791 1 0 1924.. .. .. .. .. 671,827 6 6 21,272 4 0 1925.. .. .. .. •• 734,112 8 11 36,409 14 0 1925 (increased allowances to widows and children) .. .. .. .. 12,246 0 0 1926 .. .. .. .. 862,139 3 6 23,509 6 0 1927 .. .. .. .. •• 985,828 4 0 28,281 4 0 1928.. .. •• 1,111,199 11 2 21,120 12 0 1929.. .. .. •• 1,238,673 11 8 23,006 11 0 1930.. .. .. ■■ 1,371,918 12 3 27,986 14 0 1931.. .. 1,488,565 18 3 40,573 13 0 1932 .. .. .. .. •• 1,454,173 8 4 143,807 12 0 1933.. .. .. .. ■■ 1,333,245 8 1 26,199 19 0 1934.. .. .. •• 1,240,830 15 8 12,970 9 0 1935.. .. •• •• •• 1,239,705 5 0 13,394 7 0 1936.. .. .. .. 1,246,984 7 11 14,637 7 0 1937.. .. .. .. •• 1,250,860 10 2 13,863 2 0 1937 (increased allowances, section 27, Statutes Amendment Act, 1936 .. .. 3,553 8 0 £ s. d. 690,629 13 5 Less members died, &c. .. .. 240,162 14 7 Less liability of Working Railways Account on account increased payments to widows and children .. .. •• 12,480 0 0 252,642 14 7 Annual liability at 31st March, 1937 .. ~ £437,986 18 10

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3 per 4 per 5 per 6 per 7 per i 8 per 9 per L, , Cent. Cent. Cent. Cent. Cent. ' Cent. Cent. 0 a ' I Contributors at commencement of year 1,405 39 8,949 1,328 219 9 5 11,954 New contributors during year . . .. .. 1,554 4-5 6 1 1,606 Total .. .. .. 1,405 39 10,503 1,373 225 10 5 13,560 Contributors discontinued during year 64 7 165 35 14 2 287 Total contributors at 31st March, 1937 1,341 32 10,338 1,338 211 8 5 13,273

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Table D. —Statement of Investments.

Per Cent. Per Cent. Average rate of interest on securities held at 31st March .. 4-415 4-577 Average rate of interest earned on the mean funds, including reimbursement? made by the Treasury in respect of reduction of interest .. .. .. .. .. 5-259 5-484-Statement of Accounts in accordance with Section 123, Government Railways Act, 1926. Receipts and Payments Account for the Year ended 31st March, 1937. Receipts. Payments. Dr. £ s. d. 'Or. £ s. d. Balance in hands of Public Trustee on 31st March, Retiring-allowances paid to members .. .. 419,552 14 0 1936 .. .. .. .. .. 30,785 14 6 Allowances to widows and children .. .. 28,558 11 8 Contributions by staff .. .. .. 155,798 8 6 Contributions refunded to members who have Contributions by contingent contributors . . 5,463 11 6 loft the Service .. .. .. .. 14,273 13 9 Pines .. .. .. .. .. 11l 15 0 Contributions refunded to contingent members Working Railways Account — who have left the Service .. .. .. 1,614 2 6 Subsidy .. .. .. .. .. 170,000 0 0 Rebates of contributions .. .. .. 218 4 10 Increased allowances to widows and children . . 12,748 16 9 Refund to legal representatives of deceased bene-Cost-of-living bonus to annuitants .. .. 1,802 14 9 ficiaries under section 120 (c) of Government Subsidies from — Railways Act, 1926 .. .. .. 1,041 7 3 New Zealand Railway Officers' Institute . . 26 8 4 Contributions transferred to other funds .. 245 5 2 Railway Tradesmen's Association .. .. 21 910 Travelling-expenses of Board members .. 74 2 6 New Zealand Engine-drivers, Firemen, and Public Trust charges (legal costs) .. .. 20 13 7 Cleaners' Association .. .. .. 31 15 3 Public Trust commission .. .. .. 1,583 5 0 Consolidated Fund .. .. .. 65,000 0 0 Audit Office fee .. .. .. .. 50 0 0 Interest— £ s. d. Insurance premiums (recoverable) . . .. 2 3 6 Investments .. .. 56,997 7 6 Salaries .. .. ... .. .. 1,290 15 5 Treasury Department .. 11,362 0 0 Postage .. .. .. .. .. 197 11 Q 68,359 7 6 Printing and stationery .. .. .. 37 9 2 Rates and fees (recovered) .. .. .. 130 0 8 Cost-of-living bonus to annuitants .. .. 1,791 4 5 Commission on collection of Government Life Investments .. .. .. .. 10,842 2 1 Insurance premiums .. .. 46 18 10 Balance in hands of Public Trustee at 31st March, 1937 .. . . . . .. .. 28,933 15 7 £510,327 1 5 £510,327 1 5

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Funds invested at 31st March. ! 1937. 1936. £ s. d. £ s. d. At per cent. .. . . .. .. .. .. „3-375 „ .. .. .. .. .. 25.000 0 0 25,000 0 0 .,3-5 „ .. .. .. .. .. 81,838 2 5 13,121 7 6 „4 „ .. .. .. .. .. 227,145 10 0! 232.145 10 0 „4-25 „ .. .. .. .. .. 290,457 10 11 188,120 1 3 „4-4 „ . . .. .. .. .. 335 0 0 335 0 0 „4-5 „ .. .. .. .. .. 189,255 19 9 117,354 11 2 „5-0 „ .. .. .. .. .. 382,989 3 11 576.038 7 10 ,.5-2 „ .. .. .. .. .. .. 90 0 0 „6-0 „ .. .. .. .. .. 1,842 5 0 3,255 5 0 Gash in hand .. .. .. .. .. .. 35,711 5 4 68,272 12 6 1,234,574 17 4 1,223,732 15 3

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Statement of Accounts, etc.— continued. Revenue Account for the Year ended 31st March, 1937.

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EXPENDITURE. 1936-37. 1935-36. INCOME. 1936-37. 1935-36. 3 ' i ~ " j " £ s. d. ■ £ s. d. £ s. d. £ s. d. Retiring-allowances to members .. .. .. .. 420,208 14 3 - 419,569 8 8 Members'contributions.. .. .. .. .. 156,324 17 0 142,098 14 2 Allowances to widows and children .. .. .. 28,618 7 5:1 29,028 14 3 Members'contributions on account of casual service •• i 4,011 7 11 2,737 10 8 Refund of total contributions .. .. .. .. 14,120 10 0 14,863 2 5 Fines .. .. .. .. .. ' ■•! 107 15 0 139 5 0 Refund of contributions in excess of allowance drawn by': 1,041 7 3 1 624 14 5 Subsidies — deceased beneficiaries Consolidated Fund .. .. .. .. .. 65,000 0 0 82,200 0 0 Transfers to other funds.. .. .. .. .. 234 18 7 611 9 2 Working Railways .. .. .. .. . . | 170,000 0 0 170,000 0 0 Reserve for bad and doubtful debts .. .. .. j 1,368 3 7 ; 1,086 7 3 Working Railways, on account of increased allowances to ; 12,704 6 9 12,962 18 9 Cost of actuarial investigation of the fund .. .. .. 380 0 0 .. widows and children Administration charges New Zealand Railway Officers' Institute .. .. 17 18 10 13 3 9 Travellmg-expenses of Board members .. .. .. 74 2 6 78 17 0 New Zealand Railway Tradesmen's Association.. .. | 21 15 0 23 19 0 Public Trust Office commission.. .. .. .. 1,367 8 3 1,519 13 5 New Zealand Engine-drivers, Firemen, and Cleaners' 32 2 8 32 19 8 Public Trust charges (legal costs) .. .. .. 21 18 1 24 18 6 Association Audit Office fee .. .. .. .. ., 50 0 0 50 0 0 Interest— £ s. d. Salaries .. .. .. .. .. .. 1,290 15 5 1,177 14 2 Investments.. .. .. .. 53,248 17 6 Postages .. .. .. .. .. {97 ix 0 151 18 11 Treasury Department .. .. .. 11,362 0 0 Printing and stationery .. .. .. .. 37 9 2 45 9 2 " 64,610 17 6 65,877 4 1 Balance carried down, being excess of income over expendi- 3,866 14 0 7,306 8 10 Premium on securities converted.. .. .. .. .. 5 5 9 ture for the year Commission on Government Life Insurance collections . . 46 18 10 47 15 4 472,877 19 6 476,138 16 2 472,877 19 6 476,138 16 2 Amounts previously written off now claimed: Refund of .. 27 5 11 Accumulated funds brought forward on 1st April .. .. 1,246,984 7 11 1,239,705 5 0 contributions Balance brought down .. .. .. .. 3,866 14 0 7,306 8 10 Balance accumulated funds as at 31st March .. .. 1,250,860 10 2 -1,246,984 7 11 Amounts unclaimed written off— Life allowances .. .. .. .. .. 4 18 5 Widows' allowances .. .. .. .. .. 315 Refund of contributions .. .. .. .. 185 1,250,860 10 2 1,247,011 13 10 1,250,860 10 2 1,247,011 13 10

D.—s.

g D. G. Sullivan, ' n Chairman of the Government Railways OJiiei Accountant, New Zealand Railways. Superannuation Fund Board. I hereby certify that the Statement of Receipts and Payments, Revenue Account, and Balance-sheet have been duly examined and compared with the relative books and documents submitted for a.udit, and correctly state the position as disclosed thereby.— J. H. Fowler, Controller and Auditor-General.

Statement of Accounts, etc.— continued. Balance-sheet as at 31st March, 1937.

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LIABILITIES. 1936-37. 1935-36. | ASSETS. 1936-37. j 1935-36. _ - • I ■ . ■ II . - - - ! I I £ s. d. £ s. d, £ s. d. £ s. d. Accumulated funds as per Revenue Account .. .. 1,250,860 10 2 1,246,984 7 11 Investment Account — £ s. d. Casual employees' contingent contributions .. .. 15,624 8 5 12,786 17 0 Investments .. .. .. 1,198,863 12 0 Retiring and other allowances due (not paid) — Cash in hand .. .. .. 35,711 5 4 Members .. .. .. .. .. .. 859 18 2 210 14 5 1,234,574 17 4 1,223,732 15 3 Widows and children .. .. .. .. .. 138 3 3 97 3 10 Current Account — Refund of contributions authorized (not paid) .. .. 218 1 8 147 12 2 Cash in hand .. .. .. .. .. 28,933 15 7 30,785 14 6 Transfers to other funds authorized (not paid) .. .. 18 14 1 29 0 8 Contributions and fines in transit .. .. .. 14,831 13 8 11,552 7 10 Interest paid in advance .. .. .. .. 228 4 6 259 15 1 Contributions outstanding .. .. .. .. 629 7 7 1,553 7 6 Public Trust Office .. .. .. .. .. 1,006 7 3 1,221 18 4 Contributions due by members in respect of casual service 4,225 12 10 3,217 0 4 Reserve for bad and doubtful debts .. .. .. 6,000 0 0 6,000 0 0 Working Railways — Rebates of contributions (National Expenditure Adjustment 41,941 14 8 42,525 8 7 On account of cost-of-living bonus .. .. .. 144 4 8 155 15 0 Act, 1932) _ On account of additional allowance to widows and children 988 13 4 1,033 3 4 Subsidy paid in advance.. .. .. .. .. .. 0 7 11 Interest due not paid .. .. .. .. .. 19,852 16 2 24,713 13 2 Sundry creditors .. .. . .. .. .. 380 0 0 .. Interest accrued but not due .. .. .. .. 12,953 5 4 13,240 12 6 Rates and fees paid . . .. .. .. .. 114 5 7 247 12 7 Insurance premiums .. .. .. .. . . 27 3 11 22 12 11 Sundry debtors .. .. .. .. .. 062 8 11 0 1,317,276 2 2 1,310,263 5 11 1,317,276 2 2 1,310,263 5 11

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Life Allowances granted, Year ended 31st March, 1937. Name. Amount. Name. Amount. Name. Amount. £ s. d. £ s. d. £ s. d. Adams, W. C. .. .. 62 12 0 Hessell, W. P. .. .. 72 9 0 Parker, W. J. .. .. 85 12 0 Aitken, J. .. .. 125 13 0 Hill, R. W. .. .. 121 13 0 Peek, B. C. .. .. 179 4 0 Bamford, H. L. . . 117 3 0 Hoare, A. E. .. 41 4 0 Petherick, A. L. R. .. 181 19 0 Barrett, W. .. .. 141 17 0 Hoare, E. J. .. .. 146 9 0 Pickett, T. H. G. .. 141 7 0 Blake, N. .. .. 70 19 0 Hodder, A. .. .. 150 12 0 Poulter, W. B. 43 8 0 Brass, C. P. H. .. 135 18 0 Honeyfield, N. L. .. 151 15 0 Pullar, Wm. .. .. 187 2 0 Brown, J. M. .. .. 224 15 0 Johnson, H. . . .. 167 9 0 Quinn, P. W. .. .. 213 3 0 Brown, Wm. .. .. 140 10 0 Knowles, T. W. E. .. 187 16 0 Rae, J. C. .. .. 184 15 0 Brown, W. N. .. .. 149 5 0 Lear, E. .. .. 113 6 0 Reid, W. E. .. .. 130 12 0 Burgess, W. W. .. 101 18 OLe Comte, J. .. .. 95 14 0 Richards, E. .. 128 14 0 Chapman, J. .. .. 118 7 0 Lee, 6. H. .. .. 145 16 0 Rillstone, A. .. 184 8 0 Chesterman, W. O. .. 225 16 0 Lee, J. H. .. . . 61 12 0 Rosoman, J. E. .. 136 15 0 Clark, C. D. .. .. 141 6 0 Ludlow, F. C. .. .. 71 17 0 Selkirk, W. .. .. 154 6 0 Clark, H. W. .. .. 103 0 0 Lynch, M. .. .. 102 2 0 Shuffill, E. . . .. 194 9 0 Cook, J. .. .. 257 13 0 Machen, J. W. .. 147 13 0 Shute, G. E. .. .. 180 8 0 Everett, H. E. .. 64 5 0 Madden, J. .. .. 125 10 0 Snell, W. J. .. .. 208 15 0 Ewbank, E. .. 75 15 0 Mark, D. B. . . .. 206 3 0 Stalker, M. A. . . .. 136 16 0 Fitzgerald, M. .. .. 137 13 0 Meehan, H. .. .. 105 9 0 Stanton, J. .. .. 59 7 0 Foster, R. .. . . 129 6 0 Meehan, T. M. . . 101 14 0 Stark, O. . . .. 143 0 0 Galbraith, J. P. . . 124 13 0 Milne, F. R. . . .. 180 17 0 Staunton, W. J. .. 207 9 0 Gentle, A. .. .. 65 3 0 Morrison, G. .. 129 4 0 Story, R. F. .. . . 114 6 0 Geraghty, L. . . .. 150 3 0 Mcßride, W. F. .. 126 2 0 Stringleman, E. S 224 15 0 Gick, R. L. .. .. 121 7 0 McCallum, W. A. .. 168 3 0 Sullivan, M. .. .. 11l 2 0 Gillespie, Wm. .. 219 7 0 McDonald, R. . . .. 150 18 0 Toner, W. .. .. 165 4 0 Green, T. . . .. 168 1 0 McKay, I). C. .. .. 142 7 0 Tregear, E. N. . . 208 5 0 Gregory, E. L. .. 63 13 0 McMurchie, D. . . 231 19 0 Trounce, J. .. .. 126 15 0 Greig, R. .. .. 174 18 0 McNickel, A. W. .. 148 18 0 Turner, W. .. .. 105 3 0 Hawkins, L. W. .. 306 3 0 O'Brien, W. A. . . 121 4 0 Wallace, R. W. .. 76 17 0 Hesp, G. A. A. .. 128 1 0 O'Sullivan, P. .. .. 135 0 0 Young, LA... .. 27 11 0 Allowances to Widows and Children. Widows, £31 per annum ; children, £26 per annum. Adams, E. L., and one child. Murphy, A. M., and one child. Butler, L. E. McGrail, K. H. Driver, A. I„ and four children. Nolan, M., and two children. Finlay, child ot the late R. E. O'Brien, N. A., and one child. Gaskin, G. O'Reilly, L. M., and two children. Harding, S. C. Osborne, A. R. Hull, L. Parsons, 8., and two children. King, S., and four children. Pittaway, M. Y., and two children. Loader, E. M. A. Rich, J." L. Mac Donald, A. E. K, and one child. Roach, I. A. Mahoney, I. E., and three children. Roche, I. Mann, I. L. Smith, K., and three children. Milnes, child of the late W. G. Smith, M. Middleton, J. C., and one child. Stent, W. M. Moore, S. A., and three children. Waters, A. E., and one child. Approximate Cost of Paper.—Preparation, not given ; printing (1,200 copies), £13 10s.

By Authority: E. V. Paul, Government Printer, Wellington.—l 937.

Price 6c2.]

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