DETAILED ACCOUNT OF VARIOUS SCHEMES. 
47 
system of Profit-sharing was further developed by taking advantage 
of the new Limited Partnerships Act. The employees of the firm 
formed a Society, which, in June, 1908, was registered under 
the Industrial and Provident Societies Act, 1893, under the 
name of “ Gilbert Brothers’ Employees, Limited.”* By the 
Special Buies of this Society its objects are declared to be “ to 
carry on the industries, businesses and trades of manufacturers 
of and dealers in boots, shoes, and every kind of footwear, both 
wholesale and retail, and whether alone or in limited partnership 
with any other Society, company, firm, or person.” The llules 
further provide that “ the following may be admitted members; 
(a) employees of Gilbert Brothers, Wholesale Shoe Manufacturers, 
Jiantwich, who have been employed for at least six months; (b) 
the managing partners for the time being of that business; 
(c) other persons approved by such managing partners and elected 
by the Committee of the Society. This Committee, which is 
elected from those who have been members of the Society for at 
least two years and have at least £10 paid-up in the shares of the 
Society, possesses the ordinary powers and duties of a Committee 
of Management, but does not possess certain special powers and 
duties, which are assigned to a separate Committee termed “ the 
Finance Committee.” This Finance Committee consists of not 
less than four and not more than five members, and its powers and 
duties are thus defined : — 
“ (1.) It may at all reasonable times inspect the books of 
any partnership in which the Society is a limited 
partner and examine into the state and prospects of 
the partnership business, and may advise with the 
general partners thereon and (in so far as the same 
is permitted by the Limited Partnerships Act, 1907), 
may meet and confer with the general partners when 
ever occasion requires upon all differences and ques 
tions concerning the capital of the partnership and the 
managers’ salaries. 
c ' (2.) It shall inform the employees of any such partnership, 
by notice in writing to each employee, or at a general 
meeting of the Society, how much (hereinafter called 
Part A) of the profit-sharing fund as defined in any 
agreement for sharing profits between such partner 
ship and its employees, is paid as bonus or dividend on 
the wages or salary of those employees taken col 
lectively who, at the date to which the accounts of the 
partnership were made up, were members of the Society 
or under the age of 16 years, and how much (here 
inafter called Part B) is paid as bonus or dividend 
upon the wages or salaries of the other employees 
collectively. 
“ (3) It shall further privately inform the accountant of the 
Society how much of Part A is declared in respect 
* The Special Rules of this Association are printed in Appendix J 
PP- 135-138.