E.—B.

1932. 1931. Expenditure— £ £ Retiring and other allowances .. .. ~ 254.927 235,902 Refund of contributions .. .. .. ~ 30,628 29^305 Administration expenses, &c. .. .. .. .. 3,987 3^960 Total expenditure .. .. ~ .. £289,542 £269,167 £ £ Net revenue for year .. .. .. .. ... .. 73,437 Net loss for year .. .. .. .. .. 53,982 Balance at credit of Fund .. .. .. .. 1,218,166 £1,272,148 Funds invested at 31st January— £ At 4| per cent. .. .. .. .. ~. 29,950 30,050 At 5 per cent. .. .. .. .. .. 147,960 147,960 At 5| per cent. .. .. .. .. .. 15,800 15,800 At 5J per cent. .. .. .. .. .. 131,510 138,510 At b\ per cent. .. .. .. ~ .. 400 400 At 6 per cent. .. .. .. .. ... 867,104 881,688 At 6J per cent. .. .. .. .. .. 24,450 35,704 Total £1,217,174 £1,250,112 Average rate of interest (per cent.) .. .. .. 5-78 5-796 Unclaimed contributions held at 31st January .. .. £1,051 £693 Cost-of-living Bonus. —The payment of this bonus has been continued in necessitous cases. R. Masters, Chairman.

No. 2.—STATEMENTS IN ADDITION TO THOSE PRESCRIBED BY THE ACT AND REGULATIONS.

A. Number of Contributors on the 31st January, 1932, arranged according to Percentage of Contribution.

B. Total Number of Contributors who have joined and left the Fund since its Establishment (1st January, 1906, to 31st January, 1932).

2

5 per 6 per 7 per 8 per 9 per 10 per ™ . , ' Cent. Cent, i Cent. Cent. Cent. Cent. lotals. j i M. F. M. F. M. F. M. P. M. P. M. P. M. F. Total. Number at 31st January, 1931 3,227 5,297 332 287 189 218 80 126 54 45 39 15 3 921 5 988 9 909 New contributors entered during 185 382 5 18 2 15 2 6 3 5 2 3 199 429 *628 year Transfers from other funds 3,412 5,679 337 305 191 233 82 132 57 50 41 18 4 120 6 41710 537 Number left during year .. 49 379 28 24 24 21 5 12 10 7 7 7 123 450 *573 Numberat 31st January, 1932 .. 3,3635,300 309 281 167 212 77 120 47 43 34 11 3,997 9^964

Number. Annual Rate _______ Annual M. P. Total. Salary. Contribution. — ; . £ jg Total entered (including net increases in 6,333 12,729 19,062 4,458,202 253,698 salary and contributions) Total discontinued ... ... ... 2,336 6,762 9,098 2,055,855 125,058 Total existing at 31st January, 1932 3,997 5,967 9,964 2,402,347 128,640