A GREAT BUSINESS
FRIENDLY SOCIETIES ACTIVITY IN BRITAIN (British Official V\ in-less.) Roe. 10 a.m. hMIUP.Y, Her. "0. Is spile of (lie industrial depression, friendly societies have ma.lt' progress, both numerically and iiuaneially, during the current year. When national health insurance was brought into existence it was generally believed that friendly societies were 111 ied, instead of which they tire to-day much stronger in membership, and have nearly doubled their cash reserves in the IS yours they have 1 had to meet competition. This is largely due to the fact that tho societies, by a careful husbanding of their resources, arc able to offer larger benefits to insured members. There are now about 10,000,000 workers making independent insurance against illness and disablement, and their aggregate reserves tire about £100,000,0011. Their payments foi sickness, and for all benefits, made a grand total of about £7.000,000 during 1930.
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Bibliographic details
Poverty Bay Herald, Volume LV, Issue 17455, 2 January 1931, Page 5
Word Count
146A GREAT BUSINESS Poverty Bay Herald, Volume LV, Issue 17455, 2 January 1931, Page 5
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