.jpg)
Salient. Victoria University Student Newspaper. Volume 36, Number 1. 28th February 1973
What we should Do With It
What we should Do With It
Is our money invested in such a way as to maximise the benefits accruing to students? I do not think so. One may well argue that the $3,000 which we get by way of dividends and interest is a valuable source of income for the Association and therefore for the students. I submit, however, that there is a much more beneficial way of investing our money. We are all aware of the accommodation crisis in Wellington, if the Students Assn were to buy its own houses there would be the following advantages:
| (1) | Rent would be charged so as to breakeven on running costs, and a low rent would result. |
| (2) | One of the running costs would be the "interest lost" factor. Thus, the Assn could still recoup the additional revenue it has been receiving through dividends. |
| (3) | The Assn would be able and entitled to join the "Landlords Assn" and stir where necessary. |
| (4) | The purchase of any land in Wellington is a worthwhile investment (as the land speculators know) and would ultimately provide a capital profit on our money far exceeding shares or interest bearing securities. |
.jpg)
Photo by Hilary Watson
The Exec, is unanimous in their opinion that shares must be sold and houses bought. It only remains now to find the right properties.