OLD-AGE PENSIONS
SUGGESTED CHANGES. OBJECTION BY FINANCE MINISTER. (Pes United Pkess Association.) WELLINGTON, September 7. In the Houso of Representatives to-day Sir Joseph Ward said he had promised to make a statement regarding the increases in old age pensions suggested by members during the debate on the Finance Bill. He regretted that after looking into the requests he was urablo to agree to any of the proposals. The exemption of homos as suggested would mean an increase from £25,000 to £50000, and tho exemption of capital up to £>40 per" annum would mean an increase of £50,000. The extension of the income of a pensioner from £54 to £52 would also mean an increase of £50,000, while if jiensions were paid onthe cessation of employment it would mean £3000 additional. These increases would mean an annual coat of £152,000, and as he was propofcjig to make increases totalling £250,000 in the Finance Bill, it was not possible to grant the requests made by members unless other taxes were considerably TKTeased.
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Otago Daily Times, Issue 17104, 8 September 1917, Page 7
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170OLD-AGE PENSIONS Otago Daily Times, Issue 17104, 8 September 1917, Page 7
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