NATIONAL INSURANCE.

Manawatu Standard, Volume XLI, Issue 9743, 7 March 1914, Page 3

NATIONAL INSURANCE.

CHANCELLOR HECKLED. (By Electbic Telegraph—Copyright.) (Fib PbEss Association.) LONDON, March 6. The Estimates provide for £13,141,000 for old age pensions, and almost £9.000,000 for national insurance. The Op[K)sjtioiiist6 heckled Mr LloydGeorge. alleging that tlio insurance scheme was insolvent, that the minimum benefits have had to bo reduoed, and that the Chancellor's refusal to give information in regard to State insurance finance was due t-o Government's unpteparfidnet* ((J meet popular indignation. Mr Lloyd-George denied the allegations, though he said doubting some approved societies were badly managed. He hoped that whatever Government, was in power it would make, them bear the consequences of their maladministration. Mr Bonar Law challenged the Chancellor to direct the chief actuary to niako a valuation, otherwise the country would draw its own conclusion tiiat the Act was insolvent, and that the Government wished to oonccal its insolvency until after the election. A motion to reduce the vote was negatived.