11

B.—l [Pt. 11l

PUBLIC SERVICE SUPERANNUATION FUND. Balance-sheet as at 31st December, 1920. Liabilities. jg s d I Assets, g s ,j_ Fund as per Revenue Aocount ..1,502,905 16 6 Amount invested by the Board .. 1,388,967 12 11 Retiring and other allowances due, in Retiring-allowances recoverable (Incourse of payment— ternal Affairs) .. .. .. 271 10 1 To members .. .. .. 2,302 7 0 Contributions due, in course of transTo widows and children .. .. 203 11 1 mission.. .. .. .. 20,819 4 7 Refunds of contributions due, in course Interest due and accrued .. .. 22,757 13 10 of payment— Bank Account .. .. .. 55,988 19 3 Under section 46, Amendment Act Balance in hands of Postal DepartOft service) .. ~ .. 1,61117 5 ment .. .. .. .. 17,12113 0 Under sections 42 and 43 (death) .. 1,125 16 0 Balance in hands of Public Trustee.. 9,736 810 Under section 32 (cc) .. .. 0 19 3 Transfers to other funds due, in course of payment .. .. .. 7 12 0 Expenses due, in course of payment— Salaries .. .. .. 437 6 2 Office expenses .. .. .. 15 1 Post Office charges .. .. 50 0 0 Public Trustee's charges .. .. 568 18 10 Valuation fees due to Valuation Department .. .. .. 15 12 6 Cost-of-living bonus due to Treasury Department .. .. .. 56 6 3 Unclaimed Account (contributors, &c.) 2,767 16 11 Contributions paid in advance or in error 3,607 17 6 £1,515,663 2 6 , £1,515,663 2 6 Revenue Account for the Year ended 31st December, 1920. £ s. d. Retiring-allowances— £ s. d. Amount of fund at beginning of year.. 1,288,197 10 2 To members .. .. .. 118,806 9 3 Members'contributions— To widows and children .. .. 13,266 13 7 Under section 29 (ordinary) .. 227,619 16 8 Contributions returned— Transfers from other superannuation Under section 46, Amendment Act funds.. .. .. .. 634 17 10 (left service) .. .. .. 43,799 8 2 Government subsidy .. .. 86,000 0 0 Under section 42 (death) .. 5,945 11 1 Government contribution, special, on Under section 32 (c) .. .. 598 7 1 account of military contributors .. 2Q,000 0 0 Under section 32 (cc) .. .. 3,103 4 0 Interest .. .". .. .. 71,949 12 6 Under section 32 (/) .. .. 1,541 11 2 Fines, &o. .. .. .. .. 511 1 4 Under section 38 (retirement) .. 886 8 8 Interest, section 2, Amendment Act .. 30 14 4 Contributions to other superannuation funds (section 48) .. .. 238 6 5 Expenses— Salaries .. .. .. 1,650 14 0 Office expenses .. .. .. 208 8 7 Public Trustee's charges .. .. 1,798 15 0 Election expenses .. .. 6 6 0 Medical fees .. .. .. 74 11 0 Board members' travelling-expenses 1 13 8 Post Office charges .. .. 50 0 0 Amount of fund at end of year .. 1,502,905 16 6 £1,694,912 18 6 £1,694,912 18 6 Subsidiary Account. —Cost-of-living Bonus paid to Annuitants of the Public Service Superannuation Fund on behalf of the Treasury. £ s. d. £ s. d. Amount disbursed for period Ist April, Cash received from Treasury .. .. 23,533 5 1 1920, to 31st December, 1920 .. 23,476 18 10 Balance ........ 56 6 3 £23,533 5 1 £23,533 5 1 William M. Wright, Secretary, R. S. Wogan, Accountant, Wellington, 30th May, 1921. Public Service Superannuation Board. Examined and found correct—Robert J. Collins, Controller and Auditor-General.