E.—B.

w 1933. 1932. Expenditure— £ £ Retiring and other allowances .. 283 738 254 927 Contributions refunded or transferred .. .. 33,478 30'628 Administration expenses, &c. .. .. . , 3'709 3'987 Provision for loss on investment .. ~ ~ 7 '500 Total expenditure .. .. .. .. £328,425 £289,542 £ £ Net loss for year 106,524 53,982 Balance at credit of Fund .. .. . ~ 1 111 642 1 218 166 Funds invested at 31st January— At 4f per cent. .. .. . 29,850 29,950 At 5 per cent. .. .. .. .. . 147,960 147,960 At 5j per cent. .. .. 15,800 15,800 At jj per cent. .. .. .. .. 39,510 131,510 At 5J per cent. . . . . .. 4 00 400 At 6 per cent 500 867,104 At 6f per cent. .. .. .. 24,450 At 6 per cent. \ subject to reduction under the National/ 854,582 '. At 6-§ per cent, f Expenditure Adjustment Act, 1932 .. \ 17,432 Mortgage security acquired .. .. .. .. 3,446 Total •• •• •• •- .. £1,109,480 £1,217,174 f unreduced rate .. 5-79 5-78 Average rate of interest (per cent.)<| after reduction as L shown above .. 5-00 Unclaimed contributions held at 31st January .. .. £1,413 £1 051 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, 1933, 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, 1933).

2

5per 6per 1 7 per 8 per I 9 per I 10 per „ , Cent. Cent. | Cent. Cent, j Cent. Cent. iotals. M. F. M. F. M. | F. M. F. M. F. M. F. M. F. Total. Number at 31st January, 1932 3,363 5,300 309 281 167 212 77 120 47 43 34 11 3 997 S 967 9 <)M New contributors entered during 26 49 5 9 7 8 1 1 3 i 4 2 ' 46 70 11« year 110 Transfers from other funds .. 1.. 1.. 1 3 3,390 5,349 315 290 175 220 78 121 50 44 38 13 4 046 6 10 083 Number left during year .. 81 469 45 36 18 27 6 20 7 8 7 4 164 564 728 Number at 31st January, 1033 .. 3,3094,880 270 254 157 193 72 101 43~36 ~31 9~ 3,8821^473"9^355

. Number. Annual Aun ™\ Rate 5 1 . Total. Salary. Contribution. jg Total entered (including net increases in 6,382 12/799 ,181 4,364,107 248 870 salary and contributions) Total discontinued 2,500 7,326 9,826 2,235,852 135,390 Total existing at 31st January, 1933 3,882 5,473 9,355 2,128,255 113,480"