E.—B.

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No. 4. —ACCOUNTS AND STATEMENTS AS PRESCRIBED BY REGULATIONS, IN TERMS OE SECTION 110 OF THE PUBLIC SERVICE SUPERANNUATION ACT, 1927.

1. (A) REVENUE ACCOUNT for the Yeak ended 31st January, 1928. £ s. d. £ s. d. £ s. d. To Balance, 31st January, 1927 .. .. 1,083,155 211 By Retiring and other allowContributions of members — £s. d. anees .. .. 187,582 18 0 Ordinary .. .. 129,573 13 10 Arrears — Arrears, under section 115, Under section 115 of the Public Service Superan- Act .. .. 969 13 9 nuation Act, 1927—■ —— 188,552 11 9 From contributors .. 1,415 7 6 Contributions refunded— From annuitants .. 309 14 oOn voluntary retirement 20,860 6 2 131,298 15 4 On death of member .. 3,193 11 9 Additional contribution from Fiji Govern- On lapse of membership 1,685 9 9 ment in respect to teachers in Fiji schools 205 13 4 25,739 7 8 Contributions transferred from other funds 367 510 Contributions transferred to other funds .. 336 3 2 Government subsidy—■ £s. d. Reserve for bad and doubtful debts •• 1,820 14 11 Under the Act, section 112 43,000 0 0 Administration expenses— £s. d. section 114 3,228 1 3 Commission, G.P.O. .. 428 6 6 Additional grant .. 25,000 0 0 Commission, Public Trustee 1,643 13 8 71,228 1 3 Clerical assistance .. 900 0 0 Interest — Postage and telegrams .. 74 10 0 On investments .. .. 65,293 14 7 Offices expenses .. .. 113 9 8 On contributions in arrears Travelling-expenses of Board (1927-28) .. .. 1,908 5 3 members .. .. 108 15 6 On back contributions under • Medical fees .. .. 21 0 0 section 115 of the Act Audit fees .. .. 50 0 0 for past period— 3,339 15 4 From contributors .. 612 16 0 Actuarial examination for From annuitants .. 238 11 0 period 1920-24 .. 254 17 3 — 68,053 6 10 Provision for period 1924-27 250 0 0 -— — 504 17 3 Balance, 31st January, 1928 .. .. 1,134,014 15 5 £1,354,308 5 6 £1,354,308 5 6 COST-OF-LIVING BONUS ACCOUNT FOE THE YEAR ENDED 31st JANUARY, 1928. £ s. d. £ s. d. To Refund from Consolidated Fund .. .. 1,874 34 By Balance due from Consolidated Fund, January, Balance due from Consolidated Fund, 31st Janu- 1927 .. .. .. .. .. 306 0 0 ary, 1928 .. .. .. .. 158 10 4 Payment of bonus .. .. .. 1,726 11 8 £2,032 11 8 | £2,032 11 8 (B) BALANCE-SHEET as at 31st January, 1928. Liabilities. £ s. d. Asset#. £ s. d. Fund as per Revenue Account .. .. 1,134,014 15 5 Amount held by Public Retiring and other allowances due and unpaid 1,877 13 4 Trustee— £s. d. Refund of contributions due and unpaid .. 753 15 2 Invested .. .. 1,133,044 8 9 Administration expenses unpaid — Uninvested .. .. 15,046 4 2 Commission, Post and Telegraph £s. d. 1,148,090 12 11 Department .. .. 135 5 6 Contributions of members — Clerical assistance .. .. 750 00 In transit .. .. 8,310 16 8 Postage and telegrams .. .. 62 10 0 Due and outstanding .. 8,064 17 6 Office expenses, printing, and 16,375 14 2 stationery .. .. .. 44 5 9 Interest on investments — Audit fee .. .. .. 41 13 4 Due and outstanding .. 2,301 19 4 1,033 14 7 Accrued, but not due .. 16,570 18 0 Unclaimed contributions .. .. .. 1,469 6 7 18,872 17 4 Amounts paid into fund in error .... 516 Interest on arrears of contributions due and outGovernment subsidy—Statutory standing (contributors') .. .. .. 904 18 8 grant paid in advance to 31st £s. d. Due by annuitants under section 115 of the December, 1928 .. .. 39,416 13 4 Act (contributions and interest) .. .. 505 0 7 Less portion of additional subsidy Consolidated Fund, on account of cost-of-living (£25,000) voted for year to 31st bonus .. ...... .. 158 10 4 March, 1928, not paid at 31st j Refund of contributions passed in advance .. 45 19 11 January, £9,833 6s. Bd. ; additional subsidy under section 114 of Act, not vet paid, £304 15s. sd. .'. .. 10,138 2 1 29,278 11 3 Rent received from securities leased (in excess of interest yet due by mortgagor) .. .. 78 11 Reserve for commission payable to Public Trustee in respect to interest due or accrued .. 495 12 0 Reserve for commission to Post and Telegraph Department in respect to vouchers issued but unpaid ........ 22 10 0 Reserve for cost of actuarial investigation (now in progress) .. .. .. .. 250 0 0 Carried forward .. .. .. 1,169,208 89 1 Carried forward .. .. .. 1,184,953 13 11