H.—26,

PUBLIC SERVICE SUPERANNUATION FUND. Revenue Account for the Year ended 31st March, 1935. Dr. £ s. d. Cr. To Amount of fund at beginning of year .. 2,899,564 5 6 By Retiring-allowances—- £ s. d. £ s. d. Members'contributions — To members .. .. 449,435 8 0 Under section 19 (ordinary) .. .. 238,622 510 To widows and children 39,400 17 3 Transferred from other superannuation 488,836 5 3 funds .. .. .. .. 221 13 3 Contributions returned — Interest on arrears of contributions .. 185 9 3 Under section 37 (left Government subsidy— service) .. .. 29,488 6 4 Under section 50, Public Under section 42 (death) 9,865 12 5 Service Superannua- £ s. d. Under section 34 (retiretion Act, 1927 .. 86,000 0 0 ment) .. .. 711 3 4 Under section 17, Pi- 40,065 2 1 nance Act (No. 2), Contributions transferred to other super--1934 (additional) .. 5,000 0 0 annuation funds (section 120) .. .. 356 5 8 Under section 19, Fi- Interest (section 38, Public Service Supernance Act (No. 3), annuation Act, 1927) .. .. .. 121 17 7 1934 .. .. 40,981 12 6 Loss on realization of securities .. .. 6,516 15 0 Under section 114, Public Unclaimed moneys recovered .. .. 2 6 0 Service Superannua- Expenses— .. .. £ s. d. tion Act, 1927 (widows Salaries .. .. 2,383 7 11 and children) .. 17,229 9 6 Audit fees .. .. 60 0 0 149,211 2 0 Contingencies .. .. 2 10 0 Interest on investments, Legal charges .. .. 188 18 6 £129,761 Bs. 9d. ; less Post and Telegraph Deamounts written off by partment charges .. 1,001 2 6 Court orders, Mortgagors Public Trustee's commisand Tenants Relief Act, sion .. .. . . 3,065 15 1 1933, £6,848 4s. 9d. .. 122,913 4 0 Medical fees .. .. 79 16 0 Reimbursement by Trea- Heating and lighting .. 12 19 5 sury on account reduction Travelling-expenses .. 23 2 0 of interest* .. .. 30,420 0 0 Rent .. .. .. 144 0 0 153,333 4 0 Printing and stationery .. 140 13 10 Subsidy, Cook Islands and Samoa . . 555 4 0 Postages, telegrams, and Premium on conversion local-body deben- services .. .. 212 18 11 tures .. .. .. .. 18,681 3 1 Typewriters and other Pines, fees, and sundries . . .. 356 1 4 machines (upkeep) .. 4 14 4 Stipendiary Magistrates' Account: Adminis- Cleaning .. .. 46 14 0 tration expenses recovered -.. .. 48 11 10 Messenger service .. 40 7 1 Furniture and fittings .. 21 16 9 7,428 16 4 Balance as at 31st March, 1935 .. .. 2,917,451 12 2 £3,460,779 0 1 £3,460,779 0 1

* Payment by Treasury of amount of statutory reduction of interest on'mortgage securities (National Expenditure Adjustment Act, 1932, Part III), £15,295; interest-tax, rural advances bonds, and intermediate-credit debentures (section 6, Finance Act, 1932-33), £2,818; statutory reduction of interest New Zealand Government inscribed stock (New Zealand Debt-conversion Act, 1932-33), £6,332; statutory reduction of interest, local-body debentures (section 5, Local Authorities Interest Reduction and Loans Conversion Act, 1932-33), £5,975 : total, £30,420.

Balance-sheet as at 31st March, 1935. Liabilities. Assets. £ s. d. Superannuation Fund Ac- Amount invested by the Board .. .. 2,699,384 011 count— £ s. d. £ s. d. Contributions of members — £ s. d. Balance due from Revenue In course of transmission .. 12,579 15 1 Account .. .. 2,917,451 12 2 Due and outstanding .. 1,377 13 3 Add value of office furniture, 13,957 8 4 fittings, and machinery .. 333 14 8 Interest on investments— — Due and outstanding .. 47,173 11 9 2,917,785 6 10 Accrued but not due .. 30,472 1 9 Less amount due to con- 77,645 13 6 tributors under the pro- Subsidy— visions of section 9 (2), Cook Islands and Samoa . . 23 17 9 National Expenditure Section 114, Public Service Adjustment Act, 1932 71,624 19 4 Superannuation Act, 1927 173 18 5 2,846,160 7 6 197 16 2 Retiring and other allowances Contributions transferable from other superdue in course of payment— animation funds .. .. .. .. 31198 To members .. .. 2,941 10 3 Rates, fees, premiums paid on account mortTo widows and children .. 360 19 5 gagors (recoverable) .. .. .. 1,753 13 2 3,302 9 8 Office furniture, fittings, and machinery .. 333 14 8 Refunds of contributions due in Sundry debtors (Rarotongan Administration) .. 275 17 4 course of payment — £ s. d. Under section 37 (left ser- n u ■ i, i t> i.i- m ± f 11,373 11 9 vice).. .. .. 384 1 5 Cash m hand, Public Trustee | t62 ; 251 4 5 Under section 42 (death) .. 520 3 7 73,624 16 2 904 5 0 Cash in bank .. .. .. .. 130,377 17 5 Expenses due in course of pay- Assets in Suspense .. .. .. .. 11111 ment — Heating and lighting .. 1 0 10 Printing and stationery .. 15 12 0 Post and Telegraph Department charges .. .. 233 6 0 Postages and services .. 30 5 0 280 3 10 Contributions paid in advance or in error .. 198 5 0 Public Trustee's charges on accrued interest .. 2,511 4 0 Balance Government subsidy* .. .. 64,500 0 0 Amount due to contributors under the provisions of section 9 (2), National Expenditure Adjustment Act, 1932 .. .. .. .. 71,624 19 4 Writing off, Suspense Account .. .. 1 11 11 Post Office Account .. .. .. 8,011 6 3 Unclaimed Account (contributions, &c.) .. 89 16 9 £2,997,584 9 3 £2,997,684 9 3

* The Government subsidy is paid in January of each year; owing to the change in the date of the financial year, to show the true position of the fund it is necessary to state this item as a liability. t On deposit at call.

I hereby 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.—J. 11. Fowler, Deputy Controller and Auditor-General.

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