Social Insurance : Report By the Commonwealth Statistician G.H. Knibbs to the Minister of State for Trade And Customs, Sept. 1910
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The former is compulsory, but the choice of the insurance institution is left free to the insurer, while the latter is voluntary. Before compulsory insurance against accidents was introduced, attempts were made to establish a voluntary system by means of a National Fund established by the Act of 1883. This Act approved of an agreement between the Government and several provident and charitable institutions to contribute to a guaranteed fund for this new institution, amounting to £60,000. This N...ational Fund was lodged in the Savings Bank at Milan, and its administration intrusted to a Council composed of members of the executive committee of the Savings Bank of Milan and of a representative of each of the institutions which had contributed to the foundation of the fund. Every employe residing in Italy of the age of ten years was entitled to insure himself in this fund against all consequences which could be the result of an accident. 2. Failure of Voluntary Accident Insurance Scheme. — The Government made every efiort to encourage the workmen to become members of the fund, and several circulars were addressed to the difierent societies of mutual assistance, and also to the savings banks, inviting them to do everything in their power to induce workmen to participate in the institution, which ought to result in great benefits for the working classes.
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