E.—B
C. Table showing Progress of Fund since its Inception (1st January, 1906).
No. 3.—ACCOUNTS AND STATEMENTS AS PRESCRIBED BY REGULATIONS IN TERMS OF SECTION 110 OF THE PUBLIC SERVICE SUPERANNUATION ACT, 1927. (1) (A) REVENUE ACCOUNT for the Year enued 31st January, 1939. £ s. d. £ s. ki. Balance 31st January, 1938 .. .. •• 834,465 9 6 Retiring and other allowances .. .. 329,098 18 11 Contributions of members .. .. .. 145,633 14 7 Contributions refunded— £ s. d. Contributions transferred from other funds .. 291 9 4 On voluntary retirement .. 34,217 2 1.1 Additional contribution from Fiji Government in On death of members .. 5,35117 4 respect to teachers in Fiji schools .. . . 305 17 1 On lapse of membership .. 817 15 0 Government subsidy— £ s. d. ; 40,386 15 3 Under section 9, Finance Act Rebate of contributions under National Expendi(No. 2), 1937 ' •• 123,000 0 0 ture Adjustment Act, 1932, section 9 (2) to Under section 9, Finance Act, annuitants .. .. . . . . 318 8 6 1938 ~ .. 113,000 0 0 Contributions transferred to other funds .. 1,060 1 3 Under the Aot, section 112 .. 82,416 13 4* Administration expenses— £ s. d. Under the Act, section 114 .. 4,934 7 10 Commission, G.P.O. .. 637 9 6 On account of reduction of Commission, Public Trustee .. 1, 148 18 10 interest during year ended Clerical assistance .. . . 900 0 0 31 st March, 1938, under Postage and telegrams .. 100 0 0 National Expenditure Ad- Office expenses .. .. 105 13 4 iustment Act, 1932 .. 6,324 0 0 Travelling-expenses of Board 329,675 1 2 members .. .. 73 17 1 Interest— Medical fees .. .. 28 7 0 On investments .. .. 41,105 13 3 Audit fees .. .. 50 0 0 On contributions in arrears 774 6 3 —— 3,044 5 9 — Reserves for— 41,879 19 6 Losses on investments .. 2,000 0 0 Less investments written Actuarial Examination, 1939 300 0 0 down (proportion of 2,300 0 0 premium on purchase Balance at 31st January, 1939 .. .. 975,734 17 3 of investments) .. 308 4 3 41,571 15 3 £1,351,943 6 11 £1,351,943 6 11 * This amount includes £39,416 13s. 4d. received in 1937-38, and previously shown as paid in advance. COST-OF-LIVING BONUS ACCOUNT FOR THE YEAR ENDED 31ST JANUARY, 1939. £ s. d. £ s. d. Refund from Consolidated Fund . . .. 1,675 4 3 Balance due from Consolidated Fund, January, 1938 260 710 Balance due from Consolidated Fund, 31st January, Payment of bonus .. .. .. .. 1,547 19 3 1939 .. • • 133 2 10 £1,808 7 1 £1,808 7 1
2 —E. 8.
3
,mg. it? |¥ ■ss? { j£ ig e j? ■§8 ■oS '2 8. 'S a . I IS . "S3- "S3- -28. Hi :!i ' 1i I Is H s! HI ■|--tr If ! li 3a h g n -j Total number of contributors 2,182 6,858 8,680 9,964* 8,058f -8,357 8;658 Total amount of contributions £32,320 £101,594 £131,872 £115,961 £132,398 £139,591 £145,925 £2,965,908 Interest received .. £864 £48,725 £68,053 £72,682 £44,187 £42,759 £41,315 £1,195,949 Subsidy from Government .. £5,000 £63,833 £71,228 £46,917 £171,800 £54,824 £329,675 £1,992,968 Subsidy from Fiji Government .. £38 £224 £238 £233 £244 £306 £3,408 Number of allowances payable 84 1,078 1,364 1,677 2,038 2,053 2,072 .. Total amount paid on account of £3,147 £112,861 £188,552 £254,927 £323,976 £328,007 £329,096 £4,493,552 retiring and other allowances Total amount of contributions £260 £19,1*89 £26,076 £30,628 £31,481 £36,342 £41,765 £606,570 refunded and transferred Accumulated fund .. .. £34,734 £858,662 £1,134,015 £1,218,166 £964,605 £834,465 £975,491 * Highest number of contributors since commencement of Fund. t Lowest number of contributors since 31st January, 1920.
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