RELIEF WAGE SCALE.
EFFECT OF ASSETS. Per Press Association. WELLINGTON, Nov. 1. A definite scale of the extent to which possession of assets shall reduce the relief granted has been drawn up by the Unemployment Board. In a statement to-day Mr W. Bromley said the board was taking its guidance from the present practice adopted in England and had decided that, when considering the needs of an applicant for relief who had savings or investments that might easily be converted into cash, the procedure would be as follows :
In so far as the value of such money and investments considered in the aggregate did not exceed £25 no reduction would be made in the measure of relief; in so far as it exceeded £25, but not £3OO, it would be treated as equivalent to a weekly relief income of Is for every complete £25, i.e., the possession of £250 in cash or investments which might easily be converted into cash would mean a reduction of 9s.
An applicant’s interest in the dwelling in which he resides is not to be taken into account.
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https://paperspast.natlib.govt.nz/newspapers/MS19341101.2.111
Bibliographic details
Manawatu Standard, Volume LIV, Issue 287, 1 November 1934, Page 8
Word Count
183RELIEF WAGE SCALE. Manawatu Standard, Volume LIV, Issue 287, 1 November 1934, Page 8
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