The Redistribution of Wealth; Aircraft to Be Manufactured for R.A.
.A.F.: Legal Firearms By A Seretan Figures prepared by the Austealan Federal Treasurer show. that what may be termed the redistribution of Wealth has been one of the most remarkable features of Australian history in the last generation. By in= vestment of savings, savings bank deposits, contributions to. friendly Societies, and by endowment and life assurance, the number of those Australians in joint possession feat. necumulations of capital" has Increased enormously since 1910, even allowing for the Ineteased population, Ju 1010 there were only 885,407 life dasuranee polfeles in Australia, presenting a total assured of £133,- Ut0.000, "In 1084 there vere 2,500.000 policies, with a total assured sum of "202,0,000,, The proportion of te fesured population has. growp.-from 20" to 40. per. cent, of the entire Pefa 1010 there were 1,500,000 savings pulation
panic deposits, totalling 253,000,000.
Aprily 1036, there Were 4280,000 Savings" bank recounts, totaling {2222,000000, "Taking into account ihe. difference of population to-day, here. are two and a quarter times {he volume of savings per head of the population. compared with 25 years 'The total net amount of loans outstanding in Australia, of 'Government {nd governmental bodies on June 20, 1085, was just over. £750,000,000, One half of this vast. aggregation of ectritles 12 owned by small holders, ither on. their own' recount. or through "savings banks," assurance companies, friendly soctettes, super Snnuation funds, of trade unions." 911, 442000 houses were owned by their occupants of were In course of being owned. In 1983. the number nnd grown to 707,000 house "The Federal Treasury that, apart from the salary or wages, the salary and wage-earning classes of Australia have a financial stake In the wealth of the country of a and" probably the called capitalistic system, the rich must grow richer and the poor poorer. The experience of Australia has shown that the tendency is for more and more of the wage and salary earners to become capitalists, in that they own properly or possess a Joint share in the national wealth.
'A monument has been erected near the Shrine of Remembrance (Melbourne) to a Digger Australian private soldier) whom Australia holds In affectionate memory. After the Australians had landed on Gal poll Poninsula—April. 25, 1915—in {nce of a devastating fire, Private John Simpson, 3rd Field Ambulance Australian Imperial Forees, managed to catch a donkey, which he used to carry water to the badly stricken front line and to bring back to safely the many wounded who were scattered about the rugged field, An affixed tablet reads:—
Gollipotl, 28th April to. toh Mf 1015, In. commemoration and' compassion of the Australian soldier, After the Janding at Gallipoli, Simpson, with his ttle donkey, worked alone day and night taking water to the front line and carrying the wounded back to the dressing stations, He and his donkey were killed by a shrapnel shell on May 19, 1915, Simpson was mentioned in despatches by Sir Tan Hamilton, eommander in, chief of the Mediterranean Expeditionary Force, "The memorial ig a bronze statuette representing Simpson supporting, an injured comrade astride the donkey. The bronze Mgures are on a marble base in which are set two bubble fountains.
Text read from the printed page and cleaned; old type leaves the occasional error.