ACCOUNTANT STUDENTS' SOCIETY.

Dominion, Volume 7, Issue 2210, 24 July 1914, Page 5

ACCOUNTANT STUDENTS' SOCIETY.

In the Accountants' Chambers on Wednesday night the members of the Wellington Accountant Students' Society debated the subject, "That the introduction of a general system of, profitsharing would be beneficial to the employers and employees in this Dominion."

Messrs. Apploton, Cunningham, and Auton, who affirmed the subject; laid down a scheme which provided thatafter the deduction' of 6 per cent, interest- on capital from the profits, the balanco should he so apportioned that tho employees. -should 25 per cent, in cash, 50 per cent, to capital, and the. balance of 25 per cent, to a fund to moot interest in bad years, and to bo available for tho benefit of the employees. It was contended that the scheme would incrcaso the quantity of the work without increasing the cost; that it would raise the efficiency of the men and increase the quality of the work; that it would establish harmonious relationship between employer and employee, and that from a- national standpoint it would bo in the best interests of the community as • a whole. Messrs. Bowden, Power, and'Sievers, who took tfio negative, contended that it would kill trades unions, and produced statistics to show that many of the profit-sharing schemes had been abandoned, and that they had not always enhanced the interests of both employer and employee.

Mr. D. S. Smith, who was accordcd a, hearty votp of thanks for judging the debate, awarded 217 points to tho affirmative and 176 points to the negative side. . ,