E.—BA,

16

TABLE VITI. SUMMARY OF TEACHERS' SUPERANNUATION FUND RESULTS. Valuation Balance-sheet as at 31st January, 1927. Liabilities. Males— £ £ Value of 406 pensions for £91,712 7s. per annum already granted .. 830,804 ~ 183 pensions for £.3,294 per annum granted to widows of contributors or pensioners .. .. . . .. 33,390 ~ 85 pensions for £1,105 per annum granted to children of deceased contributors or pensioners .. .. .. .. 3,778 ~ prospective pensions for back service .. .. .. 1,514,193 ~ prospective pensions for future service .. .. .. 1,158,910 ~ prospective pensions to widows .. .. .. .. 107,797 ~ prospective pensions to children .. .. .. .. 17,261 ~ return of contributions on death .. .. .. .. 13,472 „ return of contributions on withdrawal .. .. .. 112,795 3,792,400 Females— Value of 597 pensions for £75,154 13s. per annum already granted .. 902,402 ~ prospective pensions for back service .. .. .. 1,119,274 ~ prospective pensions for future service .. .. .. 1,111,185 ~ prospective death benefits —viz., return of contributions and pensions to children .. .. .. .. .. 25,158 „ return of contributions on withdrawal .. .. .. 208,560 3,366,579 £7,158,979 Assets. £ Accumulated funds .. .. .. .. .. .. .. .. 1,083,155 Value of future contributions from males .. .. .. .. .. 841,025 ~ future contributions from females .. .. .. .. .. 587,001 „ subsidy of £68,000 per annum now being paid .. .. .. .. 1,511,111 ~ future increase in subsidy to be provided .. .. .. .. 3,136,687 £7,158,979

TABLE IX. Statement showing Subsidies paid as compared with Subsidies required under the System indicated in the Act.

Approximate Cost of Paper.—Preparation, not given; printing (1,600 copies), £27.

Authority : W. A. G. Skinner. Government Printer, Wellington.—l 929.

Price, 6(Z.]

I ! | Shortage aecumuYear ended Subsidy required. Subsidy received. Shortage. Cent to end^of 1929. i i I £ £ £ £ 31st March, 1906 .. Nil 5,000 -(5,000) -(14,380) 1907 .. 2,000 Nil 2,000 5,504 1908 .. 5,000 Nil 5,000 13,168 31st December, 1908 .. 5,000 Nil 5,000 12,601 1909 .. 8,000 7,000 1,000 2,412 1910 .. 11,000 7,000 4,000 9,231 1911 .. 17,000 7,000 10,000 22,085 1912 .. 17,000 7,000 10,000 21,134 1913 .. 17,000 17,000 Nil Nil 1914 .. 33,000 17,000 16,000 30,965 1915 .. 33,000 17,000 16,000 29,631 1916 .. 33,000 17,000 16,000 28,355 1917 .. 43,000 17,000 26,000 44,093 1918 .. 43,000 17,000 26,000 42,194 1919 .. 43,000 43,000 Nil Nil 1920 .. 68,000 43,000 25,000 37,152 1921 .. 68,000 43,000 25,000 35,553 31st January, 1923* .. 73,667 71,583 2,084 2,836 1924 .. 93,000 63,833 29,167 37,983 1925 .. 137,000 68,000 69,000 85,987 1926 .. 137,000 68,000 69,000 82,284 1927 .. 137,000 68,000 69,000 78,740 Totals .. .. 1,023,667 603,416 420,251 607,528 * Period of thirteen months.