BUILDING SUBSIDY
Unemployment Board’s Policy By Telegraph.—Press Association. Invercargill, May 1. The following statement with reference to the Number 10 (building subsidy) scheme was issued this evening by Mr. W. Bromley, a member of the Unemployment Board. “When the Unemployment Board reintroduced the No. 10 (building subsidy) scheme last year industry was almost at a complete standstill. The total value of all building permits in the centres which record statistics reached the low record of £86,000. The figures for the month of February last, being, the latest available to date, exceeded £400,000, and were the second highest return during the past twelve months. The granting of subsidies for building out of the unemployment funds when conditions are such as were experienced last year has a substantial justification. Industry, however, should not look for such a practice to become permanent. It is one thing to give an industry a push along when it is standing and bogged and the bulk of employees are on unemployment relief; it is quite another thing to pay subsidies to an industry from taxation when the industry is going along steadily and showing signs of greater recovery.”
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Bibliographic details
Dominion, Volume 27, Issue 184, 3 May 1934, Page 8
Word Count
191BUILDING SUBSIDY Dominion, Volume 27, Issue 184, 3 May 1934, Page 8
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