Wages And Prices in Australia Our Labour Laws And Their Effects Also a Report
Wages And Prices in Australia Our Labour Laws And Their Effects Also a Report
H M Helen M Murphy
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The alteration has not cost him any- thing. He has done it at the expense of the sharers. He can go still further and reduce his net profit till it is only 20 per cent, on capital without affecting his own share. In that case he would still take 750, but the sharers would only divide 250. As soon as the profits fall below 20 per cent, his share Begins to be affected. Take another example. A shopkeeper has his capital assessed by the Board of Trade at 3, 000. His net annual profit amounts to 1, ...000, or 33 1-3 per cent. The subtra- hend (which he takes for himself) amounts to 300. The partition (which is divided equally between himself and the sharers) amounts also to 300, and the residue, which is all divided among the sharers, amounts to 400. The patron therefore takes 450, while the sharers divide 550. The question is, what will this state of things cause the patron to do? He can apply to the Board of Trade to revise the estimate of his capital and assess it at a higher sum. If that fails there is only one way open to get a larger income from his business he must enlarge it and put more capital in.
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