REDUCED RELIEF
APPLICANTS WITH SAVINGS OR INVESTMENTS By Telegraph—Press Association WELLINGTON, November .1. A definite scale ol extent to which the possession of assets shall reduce relief granted has been drawn up by the Unemployment Board. In a statement to-day, Mr W. Bromley said that the Board, taking guidance from the present practice adopted in England, had decided that when considering the needs of an applicant for relief who had savings or investments that might easily be converted into cash, the procedure would be as follows: —Insofar as the value of such money and investments considered in the aggregate did not exceed £25, no reduction would be made in the measure of relief; insofar as it exceeded £25, but not £3OO, it would be treated as equivalent to a weekly relief income of 1/- for every complete £25, i.e„ the possession of £250 in cash or investments which might easily be converted into cash would mean a reduction of 9/-; an applicant’s interest in the dwelling in which he resides would not be taken into account.
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https://paperspast.natlib.govt.nz/newspapers/THD19341102.2.50
Bibliographic details
Timaru Herald, Volume CXXXVIII, Issue 19946, 2 November 1934, Page 8
Word Count
176REDUCED RELIEF Timaru Herald, Volume CXXXVIII, Issue 19946, 2 November 1934, Page 8
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