Page 6 Advertisements Column 2

Dominion, Volume 13, Issue 61, 5 December 1919, Page 6

PUDLIC NOTICES. __ r TO-DAY'S ECONOMICS. y/ (BY N.z. WELFARE LEAGUE.) THE SOCIAL SERVICE OF CAPITAL. What is capital? It is wealth reserved, from immediate consumption, and applied in the form of tools, plant, and raw materials to the production of further wealth. Is oapital necessary to the community? Without it we should all starve, modern machine production would be impossible, and most of tho vitally necessary utilities of the community would never come into existence. Where does capital come from ? The savings of individuals, who accumulate «. surplus by producing jnoro than they consume. Thcro ia no other source. Is there any limit, to the quantity of capital necessary to the community? No. As society grows in numbers and complexity, production becomes more roundabout, machines get larger, the benefits of division of labour and organisation become greater, while commodities increase in quantity and fall in prioe. There is no limit to this process as long us men' have wants to satisfy. Does capital injure the workers? No. It is most beneficial'to tliem. Tho countries where there is least capital are those .where social well-being is lowest, and where the workers are most miserable, starved, and oppressed. The more highly capitalised a country is, tho higher is the standard of life (if the workers. The more cnpital th ere is, the lower the rate of interest and the higher the rate of wages, for as capital can be U6ed productively only in conjunction with labour, and in no other way, the supply of capital is the demand for labour. Why do people save? To provide for the future and get a reward called, interest. If extreme Labour had its way, and abolished interest, what would bo the result? , . Capital would eras" to be accumulated, for it is not a natural / growth, but the result of a process of self-denial that the average person will not undergo without reward. i Who would suffer mo9t from thisP The workers. Would the State save? Nobody has ever heard of a government that either could or would save; they are handier at spending. Do the extreme Labour leaders, understand the economics of capital? If they do they hide it well.

EDUCATIONAL PREPARE FOR TO-MOKROW-TO-DAY! GIVE thought to your future. Prepare for a better position better pay.' The simple yot ' thorough methods adopted in all courses at Banks Collego will make your study interesting and easily grasped, and will quickly qualify you for a position of more responsibility and higher remuneration. BANKS COMMERCIAL COLLEGE, Woodward Street, Wellington, has,a course to suit your talents and abilities. Inquire about see how easily you can better yourself. TJi* Courses include— ACCOUNTANCY. BOOKKEEPING. ADVERTISING. JOURNALISM. • ARCHITECTURE. COMMERCIAL LAW. LAW. PROFESSIONAL ALL PUBLIC EXAMINATIONS. Write or call to-day for the Prospectus of the Course which interests you. Bay, Evening, and Correspondence Coursea. . H. AMOS, Director. Phone 2098. FREE EDUCATIONAL TRAINING FOR 1920 AT GILBY'S COLLEGE! THE Proprietors of Gilb/s College have deoided upon a plan by whicli 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) may Bit for the Entrance Exam., to bo held on Snturday, December 13. The subjects to be. presented will bo Arithmetic. English and Writing. Successful candidates will be given Free Tuition or substantial reductions in foes, uccording to the results of this test. Enter for the examination! Get prospectus and Entrance Form from Messrs. Whitcombo and Tombs, Messrs. S. and W. Mackay, or from Gilby's College. Entries close noon, Wednesday, December 10. Act now! GILBY'S COLLEGE LTD., Horace Gilby, F.C.I. (Eng.), Director, WINDER'S BUILDINGS, Lower Cuba Street, Wellington. 'Phone 21-818. P.O. Box 203. And at Christchurch. WIRELESS. -THOROUGH COURSE. -EXPERT TEACHERS. -MODERN INSTALLATIONS. All these, combined with an average amount of brains and a determination to get on, will make you a Wireless 'perator in six months. That means world-wide travel, under good conditions at good pay, for YOU. Call and have a chat with ns To-day. Wo will be glad to give you full particulars: THE DOMINION COLLEGE OF RADIO TELEGRAPHY LTD., ' Brittain's Building, Manners Street, Wellington. P.O. Box 922. Telephone 363. Branches: Auckland, Christchurch, and n...,„,1, n

EDUCATIONAL. OCEAN BAY SCHOOL, CBAN BAY SCHOOL. MARLBOROUGH, Is a Sohool where boys may receive a First-class Education as well as Instruction in the Management of a Farm. Fifteen hundred acres of playground; healthy surroundings and accommodation j generous and nourishing diet. Manly sports and games conducive to health. References: Dr. Donald M'Qavin, Major A. A. Corrignn, F. S. ■ Pope, Dr. Pomare, W. H. Rose, and others. E. FITZGERALD EAGAR, M.A., Headmaster. Particulars from Rev. John A. Crump, F.Z.S., at the Sohool. BUSINESS NOTICES.. WOULD YOU INSURE YOUR LIFE WITH AN INDIVIDUAL? nnHE. prudent mini would not seriously iJL consider such a proposition. Why, then, appoint an individual Executor to administer your Estate? He will attend to his' own business first. He may not possess the necessary experience to manage yours. He otters no security, and 'may speculate with the funds of the estate. He may show preference to some benehciuries to the disadvantage of others. He may die or leave the Dominion. The estate would then pass into unknown hands—possibly into the hands of someone whom the testator would, never have trusted. With a view to overcoming much of the uncertainty and insecurity which attends the appointment of private individuals, the Guardian Trust and Executors Company of New Zealand, Limited, was formed. The GUARDIAN stands fcr Safety, Efficiency, and Promptitude, and on these, and other good grounds solicits the care of your estate. THE GUARDIAN TRUST AND EXECUTORS COMPANY OF N.Z., LTD. Local Directors: J). S. Watkins, Esij.; W. S. Moorhouse, Esq. S. S. DEAN, Local Manager. South British Insurance Building, 326 Lambton Quay. THE NATIONAL MUTUAL LIFE ASSOCIATION OF AUSTRALASIA, LIMITED. Established 1609. THE NATIONAL MUTUAL was the first office in the world lo remov? harassing restrictions from Policies, und leads tho way in ■ progressive ni( vements. A BONUS ACCRUES EVERY YEAR, F. W. NICHOLSON, J.P., General Manager for New Zealand. Head Office for New Zealand: Custonuhouso Quay, Wellington.