SOCIAL SECURITY FUND.

Manawatu Standard, Volume LX, Issue 255, 25 September 1940, Page 10

SOCIAL SECURITY FUND.

REVENUE AND EXPENDITURE.

Tlie revenue of the Social Security Fund for three months ended J one was £3,274,001, against £2,962,654 in the corresponding period of 1939. The latest figures, which are published in the Abstract of Statistics, show that the charge on salaries and wages produced £1,420,984, against £1,272,134 in the 1939 period, and charge on other income £1,262,616, against £1,208,315. The charge on company income yielded £298,438, against £177,184. and registration fees provided £279,705, compared with £290,672. • Expenditure from the fund on age benefits for the four months ended July was £2,326,336, compared with £2,008,110 for the same period of 1939. The number of pensions in force at the end of July was 95,419. Other substantial payments for the lour months, with comparative figures in parentheses, were: Widows’ pension, £276.570 (£240,032); invalidity, £325,577 (£293.712); family, £101,741 (£69,601). Hospital payments absorbed £365,427, maternity £163 285. apd universal superannuation £62:320. In the 17 weeks ended July 27 unemployment benefits paid totalled £143.790 (against £157,179); sickness, £94,679 (£47,911); and emergency (unemployment and’sickness), £26;667 (£10.471). _ ; War pensions paid in New Zealand totalled. £528,392 for the four months ended July (against £517.891), and war veterans’ allowances £65.776 (£57,604).