MORE MONEY FOR UNEMPLOYED

Southland Times, Issue 23540, 21 June 1938, Page 8

MORE MONEY FOR UNEMPLOYED

INCREASE OF £906,090 IN PAST YEAR HIGHER REVENUE FROM WAGES TAX Detailed accounts of the Employment Promotion Fund for 1937-38, appearing in the public accounts, which have been published in a special Gazette, show the ordinary income of the fund to have been £5,398,346, compared witn £4,492,256 in the previous year, an increase of £906,090. The principal item, the employment charge of 8d in the pound on wages, salary and other income, amounted to £4,656,165, an increase of £871,763. The registration levy yielded £448,854, or £8292 more than in 1936-37. Miscellaneous items, which include the balance carried forward from the previous year, totalled £293,327, an increase of £26,035. A comparison of these items in the last financial year and that preceding it is shown in the following table:— 1937-38 1936-37 Increase £ £ £

On the expenditure side, administration has increased by £158,555. from £76,445 to £235,000. Grants and payments are £210,578 lower at £2,565,236, and allowances, £1,397,452, are £135,755 less. The balance carried forward is £180,645 higher at £433,890. Comparison of these items in 1937-38, with the corresponding figures in 193637, is made in the following table:—

Securities held in the investment account at the end of 1937-38 were valued at £725,000, compared with £175,000 the previous year, an increase of £550,000. Investment income last financial year was £4786, compared with £1822 in 1936-37.

Employment 871.763 charge 4,656.165 3,784.402 Registration levy 448,854 440,562 8,292 Miscellaneous 293,327 267.292 26,035 Totals 5,398,346 4,492,256 906,090

1937-38 ' 1936-37 Increase £ £ Administration 235,000 76,445 158,555 Grants and payments 2.565,236 2.775,814 •210,578 Allowances 1,397.452 1,533,207 *135,755 Miscellaneous 41,767 28.545 13,222 Balance - 433,890 253,245 180,645 Totals 4,673,345 4,667,256 6.089 * Decrease