H.—l7c,

LOCAL-AUTHORITIES SECTION. £ £ Value of 142 pensions for £12,826 per annum already granted .. .. 107,637 Value of 48 pensions for £864 per annum granted to widows of contributors or pensioners . . . . .. .. . . .. . . 10,600 Value of 46 allowances for £598 per annum granted to children of deceased ! ■ contributors .. .. .. .. .. .. .. 2,400 Value of prospective pensions (based on present salary scale) in respect of past service .. .. .. .. .. .. .. .. 664,281 Value of prospective pensions (based on present salary scale) in respect of future teij service .. .. .. .. .. .. .. .. 684,766 Value of prospective pensions to widows .. .. .. .. .. 111,918 Value of prospective allowances to children .. .. .. .. 16,667 Value of return of contributions on withdrawal (including widow's option in lieu of pension) .. .. .. .. .. .. .. 54,812 Value of return of contributions on death prior to retirement (leaving no widow or children) .. .. .. .. .. .. .. 10,758 Value of return of balance of contributions where allowances or pensions fall short of the total contributions paid, and of sundry minor benefits .. 14,526 1,678,365 3,691,596 Balance (surplus) .. .. .. .. .. .. .. .. 54,200 £3,745,796 Assets. Accumulated funds .. .. .. .. .. .. .. .. 1,377,967 Value of future contributions .. .. .. .. .. .. .. 1,906,247 Value of future State subsidies (assumed to be received a year later than contributions) .. 461,582 £3,745,796

Approximate' Cost of Paper.—Preparation, not given; printing (650 copies), £14 10s.

Authority : W. A. G. Skinner, Government Printer, Wellington.—l92B.

Price 6d.]

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