TO BE SPREAD OVER PERIOD
GRATUITY PAYMENTS “To ensure that the full benefit of the gratuity is available to the serviceman or servicewoman without inflating prices it is proposed to spread the payments over a period,” said the Minister of Finance, Mr Nash, in referring to the gratuity rates for overseas and home service in the course of his Budget speech in the House of Representatives tonight. “It is recognized, however,” Mr Nash added, “that many servicemen may require the gratuity for some bona fide purpose before the date fixed, such as the repayment of a rehabilitation loan; the discharge of a mortgage, whether State or private; or the purchase of a home and furniture. Subject to reasonable safeguards to ensure that the money is so applied, a simple procedure will be established to provide for, payments for such purposes. The full details of the scheme are being worked out and will be announced shortly.”
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Southland Times, Issue 25747, 10 August 1945, Page 4
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155TO BE SPREAD OVER PERIOD Southland Times, Issue 25747, 10 August 1945, Page 4
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