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NATIONAL INSURANCE

A CONSERVATIVE ATTACK.

SOLVENCY OF SCHEME ASSAILED,

LONDON, March 6.

The Estimates provide for £13,141,000 for old-age pensions, and almost £9,000,000 for national insurance.

Oppositionists heckled Mr Lloyd George, alleging that the insurance scheme, was insolvent, that the minimum benefits would have to be reduced, and that the Chancellor's refusal to give information with regard to State insurance finance was clue to the '/-Government's. :unpreparedness ;to meet popular" indignation. Mr Lloyd George, in reply defended the \ scheme of, insurance. Though, doubtless, some approved societies were badly managed, he hoped whatever Government was in power would make them bear the consequence of maladministration. "

Mi- Bonar Law challenged the Chancellor to direct the Chief Actuary to make a valuation, otherwise the country would draw the conclusion that the Act was insolvent and ; the-Government wished to conceal the solvency until after the election.

The motion to, reduce the vote was negatived. <

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Permanent link to this item

http://paperspast.natlib.govt.nz/newspapers/AG19140307.2.22

Bibliographic details

NATIONAL INSURANCE, Ashburton Guardian, Volume XXXIII, Issue 8812, 7 March 1914

Word Count
150

NATIONAL INSURANCE Ashburton Guardian, Volume XXXIII, Issue 8812, 7 March 1914

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