THE COUNCIL.

Dominion, Volume 3, Issue 685, 9 December 1909, Page 5

THE COUNCIL.

<SEVERAL BILLS PASSED. During the .sitting of. the Legislative Council yesterday,, the following Bills were put through their final 'stages:— : ' New ..Plymouth. ■ Recreation; sand Racecourse Eeserve Kxehango.lJill. 1 v.- ■ Timaru; Borough r Loans Consolidation Bill. V: Now 'Zealand Society- of Accountants Amendment Bill. , Magistrates'.-Courts Amendment Bill. .. .

; ;.'>;■-. C^HOTJMiTHBvSTATEaNTEIiJi'EEE?-' : HThe Hon; : [W.,C. ; -P;:CABNCEOSS;(Taranaki). '.Jnbved~/;:v':5""; ; :"- v :i ."'■ ; -- ; ;//',.>[ "'.'\-'--.-'.. .- ''"''■J''That,"inVthe fopinion: of this, .Council,, -,:every •■ trading^institution-that"has a super-, '/'annuation or; pension scheme,';and is carry-' _■ •'_'.,ing'oM[busihessVinthis [Dominion,-'.[should'.'-' /[be/compelled -to[have, in. connection with ;" such; scliomo. a system of- surrender value - ;,.for : 'the,benefit bf'contHbutor's.",;: '■'■. .[ [ /Objecj^of'!iHe#ropoial ; ; ; M ■ ■ V ;i " '■;.■*:■'■';;'' .-."-' '■■ v" ./.Speaking-,to-his motion, 1 --.'Mr." Carncross:said .'inDtysome.>tr^dfng..con!!erns'<had'd-"superannuii'-tiohpund;towards.'-which .a/portion:-' of- the ■officers'.salaries -went.- During the. first few! .yeai/s, bank.clerks," for instance,;received com-, parjtively : high: salaries,".but.'later,tho incre- ' ments -were/small:/[lf -.'officials in some of the banks left : - to -.-take / [.up /other ,i[ employment, ;no refund,.was'-madd;to them, super-. : ainuation"[fu'nd,' no; iinatte'r .-if, ; they' had been. contributing l .to>tho.[fund-for 10 or 15,yeaTs.-One-'bank liad ; ie3o,oop, repre'sehtihg- the lapsed ■ contributions-of Officials,who/had:retired, before tho,rctirinßVago.//.';,:;.v ! :,/,;/, ;:[.;.:,;;.'' /- : ,| : "Dr,: Fimllay:/What becomes [of. the.-" money? ■'. ■ Mr[. Carncross :[.'lt. goes', to[ increase the ?bene[fits.' (i to',tho'seiwho-remain.iii;'the service. '■"■'■' i Kesuming,;[;Mr.,;Carncrqss [fsaid : that the' fOnipri Steam-.Ship .[Company[refunded'- tobffi- ; cials'. .retiring 'before- a' pension .;was due: the. [amount 'offtheir[contributions,.plus .3;per cent. : [He fecognisod th'at'.tt^resolution'by [the Council ■' ironld not have'any practical .[effect, butit was desirable ihat^th'e'nfttter/sh'ouldvbe.ventilated. Against;Stato' lnt6rfdr«n^^;[^;-''v/.V V '['';^:';.'[ [:-The<: : Hdn:}'S:v;T. i he believed (in the,principle:embodied, in- the motion.i'but 'the,', facts /were ''not.; as.; had '•". been [stated. -,-'• In .every": instance he knew an; officer , who-[ [retired ivoluntarily[/. [received '. the ■ , fnil : amount of [ his, contributions withoat interest: He /would ..oppose; the resolution,, .because the funds ..irere'a private /matter-between-'the in---stitutions[and[their employees.-.-. ~: .■:'-. • a/bank' is' dismissed, 'does'he !get his contributions returned to'-him?:'/\['/- :•'*/:-,/[ >'■;'■ ■:"•■:. [- ■'.'■'■' ■>-'.''•'■..■ •'>Mr.['"Georgei-'Njb, r r'aM-'.l';arnk^Tigh , tiy-so'. ' ._ .Continuing,. Mr.'['George"-.-said that. ■'bankstnemselves ■ votett large ysums '■. periodically "to their superannuationifunds/ //y;/,.: ;?[.--■' /[ Private.lnstiiufioris should not hflipiscouraged.,

the men who,. salaries who were in.:.need.-:ofjsuperanriiiationj: There :; were :New, Zealand'some .'300,000 people who were ;«age-earners.;.-The great-bulk, of these workers wete.in .pnv"a%employ,v and -in, the case of ''*'- vast'majoritys of: them no "was made^for 'superannuation. It was true, as iMv beorge had-'said, that various institutions contnbuted-veryigenorously ; towards the superannuation /funds', for ; their officers. If, the ■"■ l *^^J ß K^.vWirig-''-to;Mnti , odu(!e''.-the--co-'- : 'legislation- into: private schemes it might well :ha,ve; ;the "effect of. arresting the creation : of jsucte: fnnds.:|v While' public sentinient; lnvoured .[the; creation of these funds it would, bo .unwise ;', to/give institutions any colour for saying.that owing'.\to improper in- . terferonce; on the'.patfcof;the. law, they.would not,..establish superannuation • funds'."- -But there -S 3 ?')" l^' consideration 'in connection, with ; «"> Tetter- ■■. i.'Jt ,;.was. ahe',■ duty:■■' ofX (be / State to iprovido 'a[-superaTmnatiori fund fyr 'V\rrv working «,'■. f;.r re«)gnised;this:,dnty?that itihoped to'paVs tl-is year/a "National ; - -.: ■ : -■ .

:ceipfc of.ttorei; i than:-.'M9 : :a-:jeM' might, as a .iesnlt.of.:his;-rom l .''contributioh,:snpploincnted ..in: measure.'by.Hhe. State,-receive later. '" ll ( f e - a ri ,? 1 . ffioient^llpwaiice ,to'kee'p:,him from •want. .•The j ;.amountVof. ;the allowance would, IL&TO^f--^j*""*,',:ippond/upon .the ( an^^of^e^contributipn3'^y ! : tile' con-: ; whWe.>. contributor .accident, or sick- ; : ness,;. he,: -his .wife yand): children.;would in: a ,pr;nciple,.,wheaer, : lt saw. thil-Statnte Book.this to vbd"tho-IMT--3 !?"' nff' ; y e -Past ;: the day' when a ing ,aays as-,-his -master's;.ass for notkin" '^ p^^r in S , S ™K a state 'of things :had ■• disfigured Enclish -ciyi isafaon-;too.clphg/;a n d.-as/faV^Ne*" Zea^ • l„t Jll s " the Von W '-'wav : ! 'to bro-"' :the n^nl^nM that :was done in reply that there were at least f!ir™'i n w, • i-'i !• which did Wot ™,Vf S. • f OO - r r S e institutions

BILL;;: ■ 7 : passed: ; -councEv- : - '-'■' Ine : definition Vi-ti r call^i^KaSdS; J. -"ss : 4 nii^ t! -Itoendmen'ts,-'principally passed--" 3 and'

;f:;:;SWPPI^G-A|r^M EN ;-bill.;;; , : $ -.- : -.-;■■'; : readiM;;:rf:;:the;;shipping : and tmS- '{'^^^^^^^"'oyme^ttorneygenerally.; the: Bill. Pfi.^V o^ to - say lhat ;ilie:;federated'engineers. felt ; that, .they; wore:, not..beated'so/-well -as marine.,,engineor S ,nttdor,:Scc'tioh: : 30,'-which", related;to.restncted r rivor::limits;- -Other clauses ?%l -length::; "[• \' : bnoflyvreferred to-;tho:;prbvisions in'.'tho Bill; <:The -second ;:ircaditig/;pf..-theU-Bill'' was -:■ '■ then' agreetl: .to on the .voices; ;,;and s.thb - Council : adjpurnßOj'; : -*-;/': ; 2^:j>!:jri^;.i:i: ; :-,'.; .v. ..- ,;■„ •;.;;, -