§ Lieut.-Colonel FREMANTLE
asked the President of the Board of Education the estimated amount payable during the coming year for teachers' superannuation and the estimated amount which will be received from teachers by the proposed contribution of 5 per cent. of their salaries?
§ Mr. FISHER
The estimate of expenditure for the year 1922–23 for the service of the School Teachers (Superannuation) Act, 1918, amounts to £1,568,000. On the basis of the salaries current on 31st March, 1921, a contribution of 5 per cent. as from the beginning of the financial year would yield, approximately, £2,300,000.