ACCOUNTANT STUDENTS’ SOCIETY.

Evening Star, Issue 12512, 24 May 1905, Page 1

ACCOUNTANT STUDENTS’ SOCIETY.

About forty membara were present at the i opening meeting of the Dunedin Account- ; ant Students’ Society, held last evening. ' Mr Jas. Brown, FJ.A.N.Z., vice-president, ‘ was in the chair. Mr W. Brown, F.LA.N.Z., president'of r the society, delivered an address, in which he congratulated the society on their success I and the eagerness of members to extend I their knowledge. Ho combated the theory , that all wealtli came from land, and should l therefore be free to all The basic prinI ciple that all value came from labor was* also i false and misleading. Value depended on , demand, and the reciprocal of demand was i supply. Value could only be left to the . estimation and adjustment of competitive i forces engaged on each side, and was deterb mined with remarkable precision by the pro- . cess known as “the piggling of the morx ket," The speaker went on to show the . difference between money and credit and . concluded by saying that the worst aspect t of trade was manifested when its influences , and forces were utilised in the evil and dea structure arts of war; but it started again • od & DcnoiSccnt nuj&ion wbfin Arms wero laid . down, and, as far as erring humanity conid > shape Its own destiny, trade was ever the i mi * r powerful agent in courmunding and e maintaining peace and good-will among f men. - Mr Brown was accorded a hearty vote of i- thanks for his address, which was listened a 'to with marked attentiveness, i The Chairman said he hoped to have an > opportunity shortly of giving members an ~ address on the result of the conference of a bodies similar to their own, recently held in i- Wellington. It bad, he said, been exceedingly gratifying to him to see the good s work being done by such societies as theirs i- throughout New. .Zealand.