SUPERANNUATION.

Hawera & Normanby Star, Volume XLII, Issue XLII, 31 October 1922, Page 5

SUPERANNUATION.

QUESTION OF EXTENSION

(by telegraph—press association.) WELLINGTON, Oct. 30. in the House to-night on the third reading of the Finance Bill, Mr. Massey showed that the Government now contributed to the superannuation funds out of the consolidated revenue a total of £229,000 annually. "That large amount had to be found out of; revenue, and they all Believed in , superannuation. \ ', Mr. H. Atmore (Nelson): Where does the outside man come in? -. ,The Prime Minister: That is the trouble. ' < v Sir John Luke (Wellington North) : Make it apply all round. " - The Prime Minister said .that, next year the Governmentwould have to reconsider what it was doing in ■ connection with % superannuationr He re-^ gretted it was qil(tfe imp^ossißle to dov —S£ this year. It was quite clear that game change would have to be made in the system. •■ Sir John Luke: Will you go in for a universal system? •-: The Prime Minister: It woulcTbe better to do that than-to continue the \fay we are^doing. Ttl^wpiild mean a T>ig increase in taxation, But the people would get the money back. We cannot go on placing this enormous burden on the finances of the country. Very useful suggestions have been made, and these I will consider. I