NO LARGE SURPLUS
UNEMPLOYMENT FUNDS * - _ x ~ STATEMENT BY MINISTER (Per Press Association.) . j WELLINGTON, this day. i i n thiKilouse of Representatives this ' morning, Mr. C. H. Chapman (Lab., Wellington N.) asked the Minister of Employment whether, in view of the fact that at September 30, 1934, the balance ' to'credit in the unemployment fund amounted to £1,821,953, he would take immediate steps to increase the payments to unemployed. The Uon- J. A. Young, in reply, said thot while the cash balance in the fund ,wa* as stated, the true balance, after dieduCting- liabilities actually incurred, hut hot paid, was approximately only *£460,000. That represented only about '■E?#' weeks’ reserve of. allocation. It be appreciated, therefore, that the board had not tty shrplus reserves avail- - able to expend which .Mr- Chapman ' quoted.;; .. * . Si V , ’• ; ‘
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Bibliographic details
Poverty Bay Herald, Volume LXI, Issue 18551, 10 November 1934, Page 5
Word Count
133NO LARGE SURPLUS Poverty Bay Herald, Volume LXI, Issue 18551, 10 November 1934, Page 5
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