INSURANCE.

Dominion, Volume 2, Issue 590, 19 August 1909, Page 5

INSURANCE.

COMPULSORY CONTRIBUTORY SCHEME STATE AID. SELECTED TRADES: A LEVY OP 2JD. WEEKLY. (By Telegraph.—l'rcSa Aaaoclatlon.—Oopyrlctat.) London, August 17. Mr. Winston Churchill, President of the Board of Trado, in an interview, explained the -insurance, unemployment scheme which lie and Mr. Lloyd-George (Chancellor of the Exchequor) had matured. The scheme, ho stated, would be compulsory and contributory. It would be divided into different sections for different trados. The weekly contributions would bo 2J-d. each from worker, employer, and State., It would be the employer's duty to deduct the worker's contribution from his wages. ■ [In Germany, according to a recent writer, the workman pays to the insurance fund from 3d. to 2d. a week, the employer paying the samo amount for each, employee, ana the State contributing £2 10s. yearly.] The insurance . scheme would , be for re-, gular competent workers only. Habitual idlers must go to the distress committeos, or. receive poof law relief. The assistance given to an insured worker will be less than .the amount of relief a trado union would give. It Was estimated that the annual cost to the Treasury would be a million and a half. Insurance will bo first applied to the fol- - lowing trades: —Building, engineering, shipbuilding, house-building, construction works, and vehicle-making. :