SOCIAL SECURITY

Waikato Times, Volume 122, Issue 20512, 31 May 1938, Page 11

SOCIAL SECURITY

METHOD OF FINANOINQ MR H. ATMORE’S COMMENT (By Telegraph.—Press Association) WELLINGTON, Tuesday “There will be no need to debate on the principles Involved in these proposals, but there will continue to be much discussion as to the method of raising the necessary money,” said Mr H. Atmore, M.P., in a broadcast address at Nelson last evening referring to the Government's social security scheme. “If those Parliamentarians and sections of the general public who are satisfied with the existing monetary system, approve of the principles of collective help by way of superannuation and medical attention, medicines, etc., they cannot cavil at the Government’s proposals for raising the money by special taxation, for there is no other way under the present unsatisfactory system of finance. "During the taking of evidence by the Parliamentary Committee on the superannuation and health proposals, representatives of the oil companies staffs. Bank Officers’ Guild and insurance companies’ staffs gave details of splendid superannuation schemes providing in a generous way for their comfort in retirement. It was obvious, however, that the generous contributions to the funds by the firms, companies and banks concerned were only made possible by the large earnings derived from the general public, and in this way, the subsidies were indirect contributions from the public.”