Unemployment Relief Finance

Dominion, Volume 24, Issue 58, 2 December 1930, Page 13

Unemployment Relief Finance

gir —I crave space to draw attention to what the net result will be of the £25,000 apportioned to the local bodies as a Christmas, box for the unemployed —Unemployment Board s grant £-o,UUO, plus local bodies’ contributions £l. 500, total £37,500. On a fifty-fifty basis, wages and materials, there will be £18,750 for wages. From this amount deduct the local bodies’ contribution, the resultant £6250 is the full measure of relief to the unemployed out of the grant ° £ If^l6°per cent, on £37,500 for administration expenses,’is credited to the local bodies, it means £3750. In addition the local bodies will have to borrow £12,500, at a cost of 6 per cent, ±750 net result. It will cost the local bodies £17,000, that the unemployed may earn ±lB,too. It the £25,000 were handed to the hospital and charitable aid boards, instead of to the local bodies, on the same conditions re local bodies contribution, there would be the whole of the £37,000 available for immediate relief, and the local bodies would lo’BBIBN: Wellington, November 28.'