UNSOUND FRIENDLY BENEFIT SOCIETIES.
Benefit and Friendly Societies extend their ramifications so widely through the midst of the masses that anything relating to them must be of considerable public interest. The following motion, of which Mr G oldie gives notice to-day, is of a practical nature: — Whether, taking into account the fact that a number of friendly societies have been declared by the Government Registrar of such societies to be financially unsound, so that there is no reasonable probability that a member, if he lives to be old, will receive the benefits which he is being led to expect, the Government will introduce a Bill this session compelling every benefit society to put itself into such a financial position that the inducements held out to working men to join may be assured to them in their time of necessity. Mr Goldie is now consulting with Sir George Grey on this matter, so that in the event of Government declining to bring in such a Bill, they may have one drafted and introduced.
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Te Aroha News, Volume VII, Issue 382, 6 July 1889, Page 4
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172UNSOUND FRIENDLY BENEFIT SOCIETIES. Te Aroha News, Volume VII, Issue 382, 6 July 1889, Page 4
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