W.E.A. CLASSES

Dominion, Volume 24, Issue 189, 8 May 1931, Page 2

W.E.A. CLASSES

A lecture on "Interest and Profits” was delivered at Randwick Road School, Moera, last Tuesday evening to the Moera-Wal-whetu Workers’ Educational Class by Mr. W. Dickinson, M.A. Interest, which was the price paid for the loan of money, said Mr. Dickinson, varied in rate according to the risk taken by the lender. The borrowing of money and converting of it into capital helped to increase production, out of which interest could be paid, he said, In explaining the theories of productivity and abstinence.

In dealing with profits, Mr. Dickinson stated that it was the hope of reward which moved one to economic activity. The successful business man required an active brain and a keen eye for novelty. In answer to a question, Mr. Dickinson pointed out that in many instances people looked on poverty not as starvation but as the inability to live up to a class. The lectures will be continued next Tuesday evening, when the subject for discussion will be “Paper Money Currency.”