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REPORT The Board has the honour to submit its report upon the transactions in connection with the Public Service Superannuation Fund. The report this year is confined to the following accounts, statements, and tables :

Contributors :—The number of new contributors who joined the scheme during the year, and other particulars, are contained in the following table :

The following table shows particulars of the public servants who were contributing to the fund on the 31st March, 1947 (after allowing for deaths, retirements, and withdrawals), grouped according to their respective rates of contribution.

Investment of the Fund. —Including £29,286 invested on Stipendiary Magistrates' account, the total investments of the fund amount to £2,963,288. The average rate of interest earned for the financial year was £4 2s. 7d. per cent., a decrease of Is. 9d. per cent, as compared with the previous year. Operations of the Fund.—The following comparative statement shows the operations of the fund (to the nearest pound) a& disclosed in the Revenue Accounts and Balancesheets for the twelve-year period ended 31st March, 1947.

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Rate per Cent, of Number. Annual Annual Contribution. Male. Female. Total. Salary.. Contributions. £ £ 5 322 337 659 170,337 8,517 6 60 17 77 29,410 1,764 7 45 6 51 21,295 1,491 8 15 15 6,840 547 9 11 11 4,600 414 10 3 3 1,307 131 Transfers from 34 5 39 15,221 801 ri'f hfiT Timnc U uJLl" JL 1 U11U.O 490 365 855 249,010 13,665

Rate per Cent, of Contribution. Male. Number. Female. Total. Annual Salary. Annual Contributions. £ £ 5 20,844 3,312 24,156 6,706,169 335,308 6 1,376 106 1,482 544,129 32,648 7 767 59 826 325,392 22,778 8 311 10 321 128,048 10,244 9 112 3 115 49,833 4,485 10 24 1 25 13,462 1,346 23,434 3,491 26,925 7,767,033 406,809