H.-178

local-authorities section. £ £ Value of 14 pensions for £1,165 19s. per annum already granted .. .. 9,903 Value of 15 pensions for £270 per annum granted to widows of contributors or pensioners .. .. .. . . .. .. .. .. 3,370 Value of 28 allowances for £364 per annum granted to children of deceased contributors .. .. .. .. .. .. .. 1,630 Value of prospective pensions (based on present salary scale) in respect of past service .. .. .. .. .. .. .. .. 193,339 Value of prospective pensions (based on present salary scale) in respect of future service .. .. .. .. .. .. .. .. 226,837 Value of prospective pensions to widows . . .. . . . . .. 47,903 Value of prospective allowances to children .. .. -. . .. . . 7,528 Value of return of contributions on withdrawal (including widow's option in lieu of pension) .. .. .. .. .. .. .. 16,259 Value of return of contributions on death prior to retirement (leaving no widow or children) .. .. .. .. .. .. .. 6,503 Value of return of balance of contributions where allowances or pensions fall short of the total contributions paid, and of sundry minor benefits .. 10,475 523,747 £1,606,491 Assets. Accumulated funds .. .. .. .. .. .. .. .. 338,729 Value of future contributions .. .. .. .. .. .. .. 1,013,439 Value of future State subsidies (assumed to be received a year later than contributions) .. 248, 389 Balance (deficiency) .. . . .. .. .. .. .. .. 5,934 £1,606,491

Approximate Cost of Paper. —Preparation, not given ; printing (700 copies), £20.

Authority : Marcus F. Masks, Government Printer, Wellington.—-1921.

Price. 64. ]

2—H. 17b.

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