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1931. NEW ZEALAND.

EDUCATION: TEACHERS' SUPERANNUATION FUND.

Presented to both Houses of the General Assembly by Command of His Excellency.

No. I.—TWENTY-FOURTH ANNUAL REPORT OF THE TEACHERS' SUPERANNUATION BOARD. For the Year ended 31st January, 1931. The Hon. the Minister of Education. Si R , Wellington, 15th September, 1931. The Board has to submit the following report for the year ended the 31st January, 1931 :— The Board.—The usual quarterly meetings of the Board were held in February, May, August, and November. The following figures show the transactions, &c, of the fund for the year ended 31st January, 1931, as compared with those for previous year : — r 1931. 1930. Contributors on roll at 31st January .. .. .. 9,909 9,616 Increase over previous year .. .. .. • • 293 335 Retiring and other allowances — Annual rate granted during year .. .. ■• £20,692 £21,630 Total annual rate at 31st January .. .'. •• £239,624 £226,967 Number granted during year — On retirement .. .. .. • • • • 91 102 To widows .. .. • • • • • • 26 18 To children .. .. . • ■ • ■ • 10 15 Number discontinued during year — By death ■ • • 60 34 By other causes .. ■ • • • • • 15 lo Number current at 31st January — Retired members .. ■ • • ■ • • L 273 1,231 Widows and children .. .. ■ • • • 309 "™ P £ Income for year — x Contributions ■• ■• 143,392 141^094 Government subsidy— Section 112 of Act 118,000 43,000 Section 114 of Act .. ■-. •■ •■ 3,939 3,831 Additional grant .. .. •■ •• 4,167 25,000 Total Government subsidy .. .. •■ 126,106 71,831 Interest 73,105 Total income £342,603 £283,069

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