Word: funds
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Dates: during 1930-1939
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...Fund's fiscal picture 1928-31 may be sketched thus...
...steadily employed worker can see no charity in these 17 shillings. He himself is the cause of 22-3-pence being added to the fund every week. The other fellow for a few weeks will get, if anything, less than is fair. He should have a dependent wife or mistress, could then draw an extra nine shillings per week for her, plus two more shillings for each dependent child, legitimate or illegitimate...
...Unemployment Insurance Acts did not belie their name. The revolving fund revolved and remained solvent. The workless drew out less than the workers, employers and the State paid in. No unemployed man could draw a single shilling unless he had paid his pence for 30 weeks or more. He then received only what he properly called his "covenanted benefit...
Mounting Deficits. To meet the steadily mounting deficits, Parliament has voted larger and larger sums, and the Exchequer now pays "transitional benefits" directly, these constituting no charge upon the unemployment insurance fund, which nevertheless is insolvent...
...keep going in its present insolvent condition the Fund has been permitted to borrow from the Exchequer. Its borrowings are expected to exceed £100,000,000 before...