SOCIAL SECURITY

Otago Daily Times, Issue 24415, 28 September 1940, Page 6

SOCIAL SECURITY

FIRST QUARTER’S REVENUE INCREASE ON LAST YEAR The revenue of. the Social Security Fund for three months ended June was £3,274,00}., 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 £1,208,815. The charge on company incomes 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 four months, with comparative figures in parentheses were:—Widows’ pension, £276,576 (£240,032); invalidity £325,577 (£293,712); family. £101.741 (£69,601). Hospital payments absorbed £365.427, maternity £163,285. and 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 a ik' 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).