UNEMPLOYMENT RELIEF

Otago Daily Times, Issue 22065, 22 September 1933, Page 7

UNEMPLOYMENT RELIEF

NO REDUCTION IN TAXATION THE POSITION IMPROVING STATEMENT BY MINISTER (Fbom Oub Paeliamentaby Repostm.) WELLINGTON, September 21. “We were hoping it might be pos* sible to reduce the taxation levied for unemployment purposes, but there does not appear to be any immediate prospect of our being able to do that now,” said the Minister of Employment (Mr A. Hamilton) in an interview to-day. Mr Hamilton said that he proposed to make a statement to the House shortly on unemployment finance. The board was still living within its income, and the Minister believed that the general economic situation was showing signs of permanent' improvement. While number of registered unemployed was still high, the figures included men engaged on the No. 10 (building subsidy) scheme. An analysis of the work being done by the registered unemployed was being prepared, and he believed the return would reveal a more hopeful position than had obtained for some time. Had it not been for the building subsidy scheme it might have been possible to reduce the unemployment taxation slightly, but he thought it would be agreed that that scheme would prove of great value in providing productive employment. GOVERNOR-GENERAL’S FUND TOTAL NOW STANDS AT £1358. (Peb United Peers Association.) WELLINGTON, September 21. The Governor-General’s winter relief fund has received £IOO from members of the Auckland police force. The total of the fund is now £1358. AUCKLAND RELIEF LOAN CAPITAL REPAYMENT PLAN. f (Special to Daily Times.) AUCKLAND, September 2L Subject only to formal sanction by the Local Government Loans Board arrangements were concluded to-day for the sale of the required debentures for the, purposes of the Auckland City unemployment relief loan of £116,000 recently sanctioned by the ratepayers. It is pror posed that the loan shall be raised on the instalment repayment principle at 4J per cent, with a capital repayment of If per cent per annum in lieu of a sinking fund, the currency of the loan to be 30 years. It is estimated that the works ,on the schedule will require 250 men and will take two and a-half years to complete. In addition, many men will be employed indirectly in the supply of materials. The subsidy receivable from the Unemployment Board will total about £IBOO and the works altogether will cost the ratepayers about £30,000 IcsA than In normal times. LOCAL ACTIVITIES ALLOCATION OF WORK. Group 604 will report for work at 8 o’clock this morning at the Opoho Football Ground.