BURDEN ON INDUSTRY
HEAVY COST OF COMPENSATION INSURANCE. By Cable—Press Association —Copyright. Australian and N.Z. Cable Association. SYDNEY", June 23. Employers generally consider the new "Workers’ Compensation Act will place a 'heavy burden upon industry, in practically every instance. Jt is considered that an increase in the cost of goods supplied or services rendered will be inevitable in order to meet the extra cost of insurance. This means an increase in the basic wage. The public will suffer in the Jong run. A notable development is the tendency of a certain section of employers to form then- own, insurance companies. The Master Builders’ Association and Retail Traders’ Association have already decided to do this. In each instance the operations of the companies will be confined to members of the organisations concerned. Tho Local Government Association has been asked to consider the formation of an insurance company for the employees of municipalities and Shires.
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Bibliographic details
Timaru Herald, Volume CXXIII, 24 June 1926, Page 7
Word Count
153BURDEN ON INDUSTRY Timaru Herald, Volume CXXIII, 24 June 1926, Page 7
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