Page 6 Advertisements Column 2

Dominion, Volume 13, Issue 60, 4 December 1919, Page 6

PUBLIC NOTICES. TO-DAY'S ECONOMICS., (BY THE N.Z. WELFARE LEAGUE.) PROFITS AND PROFITEERING. profit?? The remuneration for the services of the employers; their shajs of the product of industry. . What do profits consist of? (a) Wages for management, (b) insurance against risk, (c) any additional return due to superior management and cheapened production in the better organised nrms. Do high profits cause high prices? No, profits are determined by prices, which in turn are determined by the demand for and supply of commodities. In a competitive market, high profits depend on superior organising efficiency, and arc quite consistent with low prices per unit of output. High profits are generally associated with low 1 prices and a largo turnover. Do high profits cause low wages? No, almost invariably the brsinesses showing the highest profits pay the hieliest wages. Wages can rise indefinitely, as Inn/? as the efficiency of labour increases in corresponding degree. This is called "the economy of high wages." Wihat does this involve? Prodis are the result of the abilitv and capacity of the organism* of industry, and are not secured et the expense of thp consumer or , tho worker. If the employer displays no capacity, he ccases to mako profits, which are the reward of efficiency and service. . What \7oiild iliappen if extreme Labour got into power and tried to eliminate profits? Productive operations would cense, „and manufacture, trade, and commerce come to a standstill. frr m?n will noli undertake the risk and worry of organising industry without reward. No army can win battles without generals, no community can win wealth without organisers, and the employers are (lie generals of industry and commerce. What is profiteering? The .exaction of excessive reward over and. above the constituent factors of profits above summarised. - Is profiteering possible? I In competitive conditions it is not, but it is possible for a trust or I combino with control of supply. ! Wihat is the remedy for profiteering? Regulate trusts, keep the ring clear for competition to operate, and leave, industry and commerce free and unhampered. j Is the present high level of prices due to profiteering? No. , What then is it due to? Inflation of the currency, for obviously, the volume of mouey having about doubled, pricss have also doubled. What lhas caused this inflation? The financial operations incidental to raising funds to carry on the war. Could this have been avoided? In practice no belligerent Stale in modern times has been ablo to avoid currency inflation. What is the moral? A nation can preserve its liberty on the field of battle, or have a low price level, but it can't have both at ihe,6nme time. ' 1 '

EDUCATIONAL "I WANT A GOOD SHORTHANDTYPISTE," So say many Wellington business men daily. Do they want YOU? We teach Shorthand-Typing in the most thorough, efficient way, and if you study under us. conscientiously, you cannot fail to bo an expert Shorthand-Typiste in a very short while. Shorthand alone, is also taught. Typinj, too. Enrol with Banks commercial college ANICS COMMERCIAL COLLEGE and you will ]x> thoroughly taught Pitman's Shorthand, the Standard System in the World of Business. No machine can take tho place of Shorthand. Write or call for a Prospectus to-day. It will give you sbmo idea of the practical valuo of our course. Day and Evening Classes. Term commences with student. JOIN UP NOW! BANKS COMMERCIAL COLLEGE ; Woodward Street, Wellington. H. AMOS, \ 'Phone 2098. Director. , FREE EDUCATIONAL TRAINING FOR 1920 AT GILBY'S COLLEGE! THE Proprietors of Gilb/s College have decided upon a plan by which successful competitors will receive free instruction during 1920 in Commercial, and or Secondary Subjects. Any boy or girl holding Proficiency or Competency Certificate (or equivalent) nmy Bit for the Entrance Edam., te be held on Saturday, December 13. The subjects to bo presented will be Arithmetio. English and Writing. Successful candidates will be given Free Tuition or substantial reductions in fees, according to the results of this test. Enter for the examination! Got prospectus and Entrance Form from Messrs. Whitcombo and Toinbe, Messrs. S. and W. Mackay, or from Gilby'a College. Entries close noon; Wednesday, December 10. Act now! GILBY'S COLLEGE LTD., Horace Gilby, P.C.I. (Eng.), Director, WINDER'S BUILDINGS, Lower Cuba Street, Wellington. 'Phone 21—818. P.O. Box 203. And at Cliristchureli.

TOILET SPECIALISTS ) RECOMMENDED BY THE HIGHEST AUTHORITIES— VIOLET RAY BATH S. Women can banish, pain by a course of our Bath and Massage Treatment. . This -wonderful high-frequency treatment cures NEURITIS-RHEUMATISM SCIATICA-ECZEMA and all nervous troubles. Consult us! We give advice free on all matters! FACE MASSAGE, HAIR AND SCALP TREATMENT, HAIR STAINING AND HENNAING. MRS. HULLEN, 8A Courtenay Place, WELLINGTON. 'Phone 22—070. "CAMELLIAN" Makes Your' Pace Feel Cool and Fresh. ■WTITH this changeable weather, the ' * complexion is subjected to severe abuse and unless protected by the application of a correct omollient preparation, will quickly loose its freshness and charm. CAMELLIAN FACE CREAMS Aid Nature in every way. They destroy all blemishes and promote a beautifully clear, fresh complexion, giving the skin a feeling of delightful coolness and cleanliness. To keep your complexion beautiful— use these splendid creams. Vanishing Cream: 3s. 6d. Massago Cream, 3s. (Postage extra). MRS. CAMERON, "BOUDOIR CAMELLE," Cooper's Buildings (opposite "Evening Post"), Entrance just off Willis St., Wellington. 'Phone 1791. TtfTSS MILSOM, Qualified Complexion •"A Expert. Consultant all skin troubles. Supplier purest hygienic preparitions. Recommends her Face Powder (see that it has the Milsom labol), 35.; "Cultene" Skin Food, Ss. (a night cream); "Cultene" Balm, 3s. 6d. (a day cream). The very latest and lightest hairwork. Refer to the one and successfully lons established—MlSS MILSOM, M Willis Street. 'Phone BH. t BUSINESS NOTICES. TO TRADERS SEEKING CHRISTMAS STOCKS AT RIGHT PRICES. WE have landed in our Wellington Warehouse NEW STOCKS of the following:— MECCANO (a hundred toys in one) PJiItMODELLE (Modelling Wax). Competitions with Cash Prizes now running. PANAMA HATS BATHING SUITS LADIES' SILK HOSE , RUBBER BALLS, plain, coloured, and mechanical toy. : SEAGRASS MATS PAPER SERVIETTES SHOE LACES VACUUM FLASKS LACQUERED WARE-Cabinets, Trays, AUSTRALIAN WOOD TOYS-Sole N.Z. Agencv TEA SF/IS TEA CUPS AND SAUCERS PATENT PEARL NECKLACES, etc. etc. And Landing ex Two Steamers Now Overdue: SUIT CASES ATTACHE CASES RUSH BASKETS COTTON BLOOMERS-Snecial Value. COTTON UNDERSHIRTS PAPER PARASOLS TOBACCO PIPES, Amber and Wood BATES'S PATENT BAROMETERS ENGLISH DTNNERWARE ENGLISH TEAWARE ENGLISH .TUGS, etc. etc. To Arrivo Early: WIRE NETTING, WIRE NAILS, etc. etc. If your Buver can call his TIME WILL BE WELL INVESTED. Your correspondence will bo esteemed. PREPARE FOR A RECORD CHRISTMAS TRADE. DERBYSHIRE'S (N.Z.) LTD., Warehousemen. Merchants, and Indentors, 182 Wakefield Street, (Aulsebrook Buildings), WELLINGTON. DR. OF OPTICS, . EYESIGHT SPECIALIST, 7 WILLIS STREET. Late Optician for tho Wellington Hospital and Charitable Aid Board. Patients unable to obtain advice from tho Optical Department may obtain advice at the above address between 9 a.m. and 5.30 p.m.

Messrs. W. H. and H. Le May's annual report of tho English hop ctop states that after the recent beneficial rains, "wo think ive aro quite safe in saying that wo shall grow a good crop of fine quality." Their estimate is about 30 oer cent, above tlve crop of last year. The acreage of hops, it is pointed out, is at present under l(i,0fl0, but under tho most favourable circumstances, half tho lions required by our brewers, who have now a free hand and can tarn out as much beer as their plant is capable of, at least 40,000 acres are needed if England is to produce the average qnantily required by the brewers of the United Kingdom.

Can you Invent a time-saving devicef Perhaps you have an idea that will develop into a money-milking invention. If you have, protect it by patent right. Consult Henry Kiifjhw, Limited, Patent Attorneys, 157 Feathovaton Streot, Wellington. Write or call for free booklet, . "Advice to Inventors."—Advt,