WORKERS' COMPENSATION
In view of the legislation last session limiting to £50,000 the amount the insurance companies will be held liable for in the event of death ana accident arising out of earthquake risk under the 'Workers' Compensation Act, the Wellington Trades and Labour Council is urging the establishment of a national fund for this purpose.
Various methods have been suggested for the establishment of the fund, i.e., a small tax upon the wealth of the nation; a small tax upon the unimproved value of land; or a small tax upon the assessable income of the people. Even a tax upon industry as a whole may be considered. It is held that this fund should be invested each year and should be used only in the event of claims Being made for accident and death arising out of earthquake risk.
The council is of the opinion that the Government should undertake this responsibility, seeing that it has relieved the. insurance companies of a considerable liability, and, as this country is subject to earthquakes, that every precaution should be taken to relieve the suffering which would occur in the event of a calamity in any of the cities of the Dominion.
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https://paperspast.natlib.govt.nz/newspapers/EP19340324.2.93
Bibliographic details
Evening Post, Volume CXVII, Issue 71, 24 March 1934, Page 14
Word Count
200WORKERS' COMPENSATION Evening Post, Volume CXVII, Issue 71, 24 March 1934, Page 14
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