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APPENDIX F: APPENDIX G. 
Some Alternative Rules. 
An alternative “ Method of Profit-sharing ” found to be preferable in 
some cases, e.g., with rapidly growing businesses. The actual percentage 
can, if desired, be communicated confidentially to a chartered accountant; 
but in such a case it would be advisable to give the employees some 
intimation of the addition to ordinary wages it will be possible for them 
to earn. 
(1.) In lieu of Rules 1 and 2 above:—Prom and after the 1st of 
January, 1890 per cent, of the clear profits of the business will be 
distributed gratuitously as a bonus to the employees in the manner defined 
by these rules. 
An alternative “ Method of Distribution,” suitable to businesses in 
which the majority of the employees are piece-workers. 
(6.) In lieu of Rule 6 above:—The employees’ share of profits accruing 
in each financial year is (subject as after mentioned) to be distributed 
among them in proportion to the respective salaries or wages earned by 
them during such year. 
If this alternative rule he adopted, the last clause in the first sentenoe 
of Rule 8 above (commencing “ in proportion to ”) should be omitted. 
APPENDIX Gr. 
RULES OF THE PROFIT-SHARING SCHEME FORMERLY IN 
force with Messrs. Thomas Bushill and Sons, 
Manufacturing Stationers, Coventry ; Cash Bonus 
and Provident Fund.* (Reprinted from Profit-sharing 
and the Labour Question, by T. VV. Bushill, pp. 206-212.) 
(1.) Method of Profit-sharing.—From and after the 1st of September, 
1888, the surplus (if any) of the clear profits of the business beyond such 
definite sum as is for the time being reserved to the firm for their own 
benefit (herein-after referred to as the “ reserved limit ”) shall be 
divided into two equal parts, one thereof to be distributed gratuitously 
as a bonus to the employees in the manner defined by these rules, and the 
other to be retained by the firm. 
(2.) The “ Reserved Limit.”—The present reserved limit has been com 
municated confidentially to Mr. Charles J. Angus, 43, Finsbury Circus, 
London, E.C., Chartered Accountant, and will not be altered for the first 
three years if the scheme so long subsists. Thereafter it may be raised 
or reduced by the firm, but (unless altered during some month of Sep 
tember) not so as to affect the distribution of profits for the financial 
year current at the time of the alteration. Notice of any alteration will 
be given to the employees in such manner as to let them know how far 
such alteration would have affected the last preceding distribution had it 
then been in force. 
(3.) Accountant’s Certificate.—-The amount (if any) available for dis 
tribution will each year be certified by a chartered accountant and will 
be communicated to the employees. 
(4.) Qualifications for Profit-sharing.—The employees entitled to share 
in the profits for any financial year are such only as at the commencement 
of such year on the 1st day of September were members of the sick club, 
and have on or before that date delivered to the firm’s cashier for the time 
being a certificate or other satisfactory evidence of age, and a request to 
be entered on the list of profit-sharers. 
(5.) Duration of Scheme.—The scheme is to continue in force only 
until the firm give notice to the employees putting an end thereto; but 
* The firm (now T. Bushill & Sons, Ltd.) subsequently wished to transfer the Provident 
Fund to the National Debt Commissioners. The Commissioners, however, were unable to 
accept it as a trust fund, and the firm consequently decided to discontinue the fund and 
pay the whole bonus in cash.