K—B.

1933. NEW ZEALAND.

EDUCATION: TEACHERS' SUPERANNUATION FUND.

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

No. 1.— I TWENTY-SEVENTH ANNUAL REPORT OF THE TEACHERS' SUPERANNUATION BOARD. Foe the Year ended 31st January, 1933. The Hon. the Minister of Education. g IR Wellington, 12th August, 1933. The Board has to submit the following report for the year ended the 31st January, 1933 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, 1933, as compared with those for previous year 1933. 1932. Contributors on roll at 31st January .. .. .. 9,355 9,964 Increase over previous year .. .. .. .. • ■ 55 Decrease from previous year .. .. .. . • 609 "Retiring and other allowances — Annual rate granted during year .. .. .. £44,615 £28,018 Total annual rate at 31st January .. .. .. £296,784 £259,199 Number granted during year — On retirement .. • • • • • • • • 205 126 To widows .. • • • • • • • • 16 20 To children .. • • • • • • • • 3 14 Number discontinued during year— By death .. • ■ • • • • • • By other causes .. • • • • • • 15 21 Number current at 31st January— Retired members .. ■ • • • • • 1 > 530 1,362 Widows and children .. .. . • • • 312 315 Income for year:— £ _ , Contributions .. •• •• •• 113,764 115,961 Government subsidy — Section 112 of Act .. .. 43,000 43,000 Section 114 of Act .. •• •• •• 4,020 3,917 Total Government subsidy .. .. ■■ 47,020 46,917 Interest 61. H? *2,682 Total income .. •• •• •• £221,901 £235,560

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

I—E. 8.