EFFECT OF SOCIAL SECURITY ON FRIENDLY SOCIETIES
WELLINGTON, Doc. 30. The competitive efl'ect of social security on the f'riendly societies of New Zealand is inereasingly evident in the annual report of the Registrar of F'riendly Societies, which shows that the 905 branches of f'riendly societies have a mcmbersliip of 83,022. This. is a drop of 30,787 sinee December 31, 193S, when the peak point of f'riendly society mombersliip was reaclied in the Dominion. Social security has undermined the former sick and hospital benefit scliemes of the societies, though the death benefit remams as anflrtiportanl' feature, and the State seheme enables aged friendly society members to gain some additional benefit from their thrift. Al though 10 years of State eompetition has cut heavily into membership, the decline has not been so marked in the last two years. F'inancially, the societies are better off than ever. Their average eapital per meinber at the peak point in 1938 was £4(5 8s 9d, but the latest fignre is £73 18s. The sick and funeral funds of the - societies stand at over £5,000/0ff0, and the aggregate aceumulations of these organisations have reached the substantial sum of £6,125,413.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHRONL19461231.2.33
Bibliographic details
Chronicle (Levin), 31 December 1946, Page 5
Word Count
192EFFECT OF SOCIAL SECURITY ON FRIENDLY SOCIETIES Chronicle (Levin), 31 December 1946, Page 5
Using This Item
NZME is the copyright owner for the Chronicle (Levin). You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in