AMERICAN WAR VETERANS
SENATE ADOPTS BONUS BILL.
Piers Association —By Telegraph—Copyright,
WASHINGTON, April 24. r The Senate by 67 votes to xi adopted the Soldiers’ Bonus Bill, embodying an endowment insurance scheme substantially simTar to that which was passed by the House of Representatives in .March involving an expenditure during the next 20 years of more than 2,000,000,000 dollars.—A. and N.Z. Cable.
The Soldiers' Bonus Bill provides for a paid-up 20-year endowment insurance policy for all veterans save those who while in the army had earned 50 dollars or less, and Who will receive a cash maximum. The insurance, however, is not to exceed 2000 dollars per veteran. Four and a-half million soldiers will be entitled to consideration under the Bill, and it is estimated that 100,000.000 dollars will have to be expended during the first year.
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Otago Daily Times, Issue 19156, 26 April 1924, Page 9
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137AMERICAN WAR VETERANS Otago Daily Times, Issue 19156, 26 April 1924, Page 9
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