GIPE-PUNE-OIIOI2 - DSpace@GIPE

WORLD-CRISIS: INDUSTRIAL REVOLUTIONS 283
fore fall outside the scope of the
insurance scheme proper); £35,000,000
Total cost to the Exchequer by direct
contributions £49,800,000
Loan in course of year
£39,500,000
Total
£89,300,000
The actual state contributions of Great Britain
to insurance benefit are exhibited below by the side of
;total national expenditure: 19
Year Contributions Total expo Percentage
of 2 to 3
1927-28 : £12,103,105, £838,6000,000 1·4%
1928-29 : £12,077,651 £818,000,000 1'4%
Previous to the enactment of the Unemployment
Insurance Act (1927) Germany had to spend out of her
p~blic finance large sums of money on Erwerbslosenfuersorge
(aid to the unemployed). For 1925-26 we
have the following financial positio~.: 20
I. State Aid to the unemployed
2. Total Public Expenditure
3. Percentage of I to 2
489,800,000 Reichsmarks
14.477,900,000
3·3%
During the first year of the operation of the Unemployment
Insurance Act in Germany i.e. from October
1927 to September 1928 there were 15,904,935 persons
on the insure!1list. Benefits had to be paid to 969,039
19 Labour Year Book 1930, pp. 170; 184. See the Lloyds Bank
Monthly Review (May, 1931h for an estimate of the Unemployment Insurance
Report. For a more recent analysis see "The Reform of the Dole"
in the Economist (London), May 21 and 28, 1932.
20 Woytinsky: Zehn Jahre, etc., pp. 134-135, 174.