INDUSTRIAL INSURANCE.

Grey River Argus, 26 July 1922, Page 6

INDUSTRIAL INSURANCE.

NEW BRITISH SCHEME. WORKERS TO PAY FOR IT. (Received July 25 at 10.40 p.m.) LONDON, July 24. Air AlcCurdy, speaking at Northampton, said the next British Parliament must face the problem of industrial unrest. Since Armistice, 170,000,000 days’ work had been lost, through strikes, and lock-outs. The monetary loss had been at least £200,000,000. lie said the State doles were an interference with industry, and they could not solve the problem. The workers, however, must be given security against unemployment, sickness, poverty in old

age, and provision for their dependents after woikers death. He believed he had devised a si-heme under which, by the aid of co operation between c::p ital ami labour, we:ilth, could be saved in periods id’ industrial peace and prosperity, which would give the workers ample security in limes of depression. Instancing- the bool trade, he suggested that the men workers should contribute 2/- weekly, and the womeq 1/3. This, together with a levy of 3d per pnir on the year’s output of 1,U00,000,000 pairs of boots, would, with the present state contributions, provide £2,035,000 a year, from which they could pay sickness ami | old age pensions to the whole of the employees in the industry, nt the rate of at least 40/- weekly for men, and 25/- for women. The employment benefit rates would be 35/- ami 20/- respectively for men end women. He believed that eventually, by such means, Hie State’s contribution could be with drawn. He said that trade experts had already approved his scheme.