HIGH FINANCE

Rotorua Morning Post, Volume 2, Issue 433, 18 January 1933, Page 3

HIGH FINANCE

HOW JUDAS ISCARIOT WOULD HAVE FAILED. ! HOW THE SYSTEM WORKS. j (Published by Arrangement with ' the Auckland Executive of the j N.Z. Farmers' Union.) i ! ! If Judas Iscariot had started 1900 , years ago, and pnt aside £10 per week, ' he would not have been a millionaire j to-day: 52 weelcs x 10 x 1900 equals £988,000. If instead of savings he had invested one penny only at 5 per cent. compound interest, it would during the same period have accumulated jt.oi eight sextilions of pounds, approximately, £8,000,000,000,000,000,000,000,000,000,000,000,000, ,and, incredible as it may appeaiy it would require 3,000,000,000 globes of solid gold the size of this earth to pay him in cash. If you invest £1 at 5 per cent. and allow the interest to remain at compound interest, that £1 will become £131 at the end of 100 years. j If I invest a million sterling in War j Loan at 6 per cent., that is £60,000 j interest I get every year. That £60,000 can "buy so many houses, suits of clothes, pairs of hoots bags of wlieat, etc., etc. But if the price of clothes, houses, hoots and wheat fell by half, then I will be able to purchase double the quantity of these eommodities with my £60,000. In other words, I am getting not £60,000 but £120,000 in interest. And if I sell my War Loan, I get for it not £1,000,000, but £2,000,000 — John Rockiei, dn ."What's Wrong with the World?"