Ē. —B.

(B) BALANCE-SHEET as at 31st January, 1933. Liabilities. £ s . d. Assets Fund as per Revenue Account .. ..1,111,641 14 4 Amount held by Public Retiring and other allowances due and unpaid .. 2,102 4 4 Trustee £ s d £ d Refund of contributions due and unpaid .. 939 16 9 Invested 1 109 480 8 9 S " ' Administration expenses unpaid— Uninvested " ' 37'056 19 2 Commission, Post and Telegraph £ s. d. * ' , r „_ _~ Department .. .. 183 8 6 Contributions of members— ' ' Clerical assistance .. 750 0 0 In transit 3 703 14 2 Postage and telegrams .. 100 0 0 Duo and outstanding 3,' 667 9 6 Office' expenses, printing, and 7 T7l q c a i° ner y ■ • • • 20 11 0 Interest on investments— Audit tee .. .. .. 41 13 4 Due and outstanding .. 17,711 911 TT . 1,095 12 10 Accrued, but not due .. 15,320 13 0 Unclaimed contributions .. .. 1,412 10 7 S3 032 2 11 Amounts paid into fund m error .. .. 2 18 4 Interest on arrears of contributions due and outUovernment subsidy Statutory standing (contributors) .. .. .. 355 (5 •! grant paid m advance for 1933. . 39,416 13 4 Due by annuitants (contributions and interest) 1 1 11 Less additional subsidy under sec- Consolidated Fund, on account of cost-of-living tion 114 of Act not yet paid .. 318 4 5 bonus .. .. .. .. . 24 11 3 Less additional subsidy under sec- Refund of contributions, passed in advance for tion 114, payable in respect to 1933-34.. .. 95 19 6 allowances outstanding at 31st .... a „ January, 1933 .. .. 53 8 7 39,045 0 4 Rent received from securities leased (in excess of allocation for interest) .. .. .. 53 12 9 Reserve— For commission payable to Public Trustee in respect to interest due or accrued .. 1,101 0 0 For commission to Post and Telegraph Department in respect to vouchers issued but unpaid .. .. .. 36 0 0 — 1,137 0 0 Reserve for loss on realization of securities— Balance at 31st January, 1932.. 4 10 8 Added, 31st January, 1933 .. 7,500 0 0 7,504 10 8 Vouchers issued but unpaid at 31st January, 1933 .. .. 19,283 9 3 Add Post Office Account overdrawn .. .. .. 3,199 3 3 22,482 12 6 £1,187,417 13 5 £1,187,417 13 5 Notes.—-Since the closing of the Account for the year the Government has given a further subsidy on account of the loss suffered nLnAotr. T ?o e 4 ? e /;°™r ° f , the National Expenditure Adjustment Aet, 1932. The amount accrued for the period to vHst January, 1933—n0t included in the year s accounts—is £7,335. Apt Too « Q? dor sectio ° 9 of , tl f National Expenditure Adjustment Act, 1932, as amended by section 25 of the Finance Act (No. 2), 1932-33, in respect to the rebate to those contributors who did not elect to continue to contribute on ths higher rate of -11 f f. m 1932 " 0t besn . taken , lnto account the foregoing statement. The benefit (which is payable upon onn mOUn w ll? a ®? re § ate ' to approximately £30,000; but the additional liability is only approximately £5,000, as the remaining £25,000 would, in any case, be refunded as contributions in the ordinary way upon retirement before full age or service. „ . _ C. E. Crawford, A.R.A.N.Z., Education Department Secretary, Teachers' Superannuation Board. Wellington, 12th June, 1933. • i. certify that the Revenue Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the above departmental notes. —G. F. C. Campbell, Controller and Auditor-General.

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