A STRONG POSITIONS
FRIENDLY SOCIETIES
PROGRESS DURING THE YEAR
(Official Wireless.)
RUGBY, December 30.
Tn spite of the industrial depression, friendly societies have made progress, both numerically and financially, during the year 1930. When the National Health Insurance scheme was brought into existence it was generally believed that friendly societies were doomed, instead of which they are to-day. much stronger in membership and have nearly doubled their cash reserves in eighteen years. This is largely due to the fact that the societies, by careful husbanding of their resources, are able, to offer larger benefits to insured members. There are now about 10,000,000 workers making independent insurance against illness and disablement and their aggregate reserves are about £100,000,C. 00? Their pnymets for sickness and for all benefits made a grand total of about £7.000,000 during 1930.
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Hokitika Guardian, 3 January 1931, Page 3
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135A STRONG POSITIONS Hokitika Guardian, 3 January 1931, Page 3
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