SOCIAL SECURITY

Waikato Times, Volume 122, Issue 20465, 4 April 1938, Page 6

SOCIAL SECURITY

The Prime Minister, the Right Hon. M. J. Savage, on Saturday evening delivered his promised broadcast, dealing with the Government’s “Social Security” proposals. It must be admitted that his advanced statement, that “the proposed benefits will provide a condition of social security unsurpassed anywhere in the world,” was not overdrawn, for the scheme, as outlined, is comprehensive, the payments generous; apparently no one who can in any way be deemed to have a claim for State assistance has been overlooked—all are to participate. There will, however, be some disappointment regarding the superannuation proposals; they are merely an extension of the old age pension scheme.

The method of finance, to which the Prime Minister lightly referred, is simple—a leA T y of Is in the £on wages and income, subsidised £ for £ from the Consolidated Fund, which Avill mean that, to meet the increased expenditure, the sources whence that fund is fed will be more heavily drawn upon, involving probably a further impost on industrial enterprises. No mention Avas made of a capital fund.

The scheme, which has been endorsed by caucus, is to be referred to a parliamentary committee to take eA'idence, consider details and report. That report will be aAvaited with interest. The members of the committee may be confronted Avith some intricate problems, as they must recognise that to be a success a “social security” service must be based on a solid foundation; it must be secure and not liable to be jeopardised by economic fluctuations or industrial instability. The scheme is to operate as from April 1, 1939; a general election Avill intervene.