BRITAIN’S UNEMPLOYED

Otago Daily Times, Issue 21360, 13 June 1931, Page 11

BRITAIN’S UNEMPLOYED

THE INSURANCE FUND NEARING EXHAUSTION (British Official Wireless.) (United Press Association.) (By Electric Telegraph—Copyright.) RUGBY, June 11. The Parliamentary Labour Party held a special meeting to-day to consider the first report of the Royal Commission on unemployment benefits. The Prime Min ister and Mr Arthur Henderson both made statements. Several questions were answered, and the meeting expressed confidence in the way that the Government was dealing with the matter.

In Parliament this - afternoon the Prime Minister answered in the negative a ques tioa whether it was proposed to call a three-party conference for further consideration of the whole question of unemployment insurance now that the interim report had been published. Miss Margaret Bondficld (Minister of Labour), answering a question, said the amount of the Treasury advances to the unemployment insurance fund to date was £85,620,000, leaving an exhausted balance of borrowing powers of £438,000. This was likely to be exhausted early in July, and further provision would be necessary before that time.