E.—B

1932. NEW ZEALAND.

EDUCATION: TEACHERS' SUPERANNUATION FUND.

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

No. I.—TWENTY-SIXTH ANNUAL REPORT OF THE TEACHERS' SUPERANNUATION BOARD. Fob the Yeab ended 31st January, 1932. The Hon. the Minister of Education. Sib,— Wellington, 12th August, 1932.. The Board has to submit the following report for the year ended the 31st January, 1932 : — The Board. —The usual quarterly meetings of the Board were held in February, May, August, and November. The following figures show the transactions, &c. x of the fund for the year ended 31st January, 1932 as compared with those for previous year : — 1932. 1931. Contributors on roll at 31st January .. .. .. 9,964 9,909 Increase over previous year .. .. .. .. 55 293 Retiring and other allowances — Annual rate granted during year .. .. .. £39,659 £20,692 Total annual rate at 31st January .. .. .. £270,840 £239,624 Number granted during year — On retirement .. .. .. .. .. 126 91 To widows .. .. .... .. 20 26 To children .. .. .. .. .. 6 10 Number discontinued during year— By death ~ ./... 44 : 60 By other causes .. .. .. .. 21 15 Number current at 31st January — Retired members .. .. .. • • 1,362 1,273 Widows and children .. .. .. .. 315 309 Income for year — £ £ Contributions .-, ... 115,961* 143,392 Government subsidy — ■ —■ Section 112 of Act .. ... ~ ... 43,000 118,000 Section 114 of Act 3,917 3,939 Additional grant .. .. .. .. •• 4,167 Total Government subsidy .. .. .. 46,917 126,106 Interest , 72,682 73,105 Total income .-. £235,560 £342,603

* £136,931 less rebate under Finance Act, 1931, £20,970.

I—E. 8.