DETAILED ACCOUNT OF VARIOUS SCHEMES. 
35 
years, or the same nominal amount as that of the Partnership Certificate 
so exchanged, whichever shall be the lesser. In the event of the, death 
of any Holder of a Preferential Certificate leaving a widow, such widow 
shall be entitled to have issued to her, and to retain during widowhood, 
a fresh Preferential Certificate of the same nominal amount, and subject 
to the same conditions as that held by such deceased Holder. Nothing in 
this clause shall be deemed to entitle the legal personal representative of 
any deceased director or employee to receive a Preferential Certificate. 
Provided that the Holder of the Majority Shares of the Company shall, 
if he so think fit, be entitled to cause to be issued to any former director, 
employee, or widow referred to in this clause, a Preferential Certificate 
for an amount in excess of the nominal amount above set forth, or in the 
case of such former director or employee holding no Partnership Certi 
ficates, then to such former director or employee, or the widow of such, 
a Preferential Certificate for such an amount as the Holder of the Majority 
Shares of the Company shall think fit. 
“ 12. A Preferential Certificate shall be cancelled: — 
“ (i.) If the Holder thereof shall die; 
“ (ii.) If the Holder thereof, being a former director or employee 
shall enter into any employment or business without the 
previous consent in writing of the Trustees; 
“ (iii.) If the Holder thereof, being the widow of a director or 
employee, shall marry again; 
“ (iv.) If any act or event shall happen whereby the Preferential 
Certificate, if belonging absolutely to the person to whom it is 
issued, would become vested in or charged in favour of some 
other person or a corporation.” 
In connection with the working of the Scheme there is esta 
blished a Committee consisting of three persons nominated by 
the persons constituting the Management Class, three nominated 
by the persons constituting the Salesman Class, three nominated by 
the persons constituting the Staff Class, and three nominated by the 
Holders (if any) of the Preferential Certificates for the time being 
outstanding. (No person not ordinarily resident in the United 
Kingdom is eligible for election as a Member of the Committee.) 
No resolution of the Committee is to be deemed to have been 
carried unless supported not only by a majority of the members 
of the Committee, voting individually upon the resolution, but 
also by a majority of the different sections of the Committee 
represented and voting at the meeting; and for this purpose each 
section of three members is to be deemed to be entitled to one vote, 
■which shall be given in accordance with the direction of a majority 
of the members of that section present at the meeting, and unless 
there is such a majority the vote of that section is not to he 
counted. 
The Committee elects a Chairman, and such Chairman, if the 
voting of the members of the Committee be equal, or if the voting 
of the sections of the Committee be equal, is to have a casting 
vote. 
In July, 1909, 1,041 employees of Lever Brothers, Limited, 
including directors, managers, salesmen, travellers, advertising 
managers, clerks, workmen, labourers and others, who had quali 
fied under the terms of this scheme, were handed Certificates 
(Partnership and Preferential) of the nominal capital value of 
<£113,650. 
It should be added that the scheme was made retrospective, 
so that any employee who was 25 years of age in 1901 and had 
five years’ service or more at that date was eligible to receive 
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