RULES OP SOUTH METROPOLITAN GAS CO. 
143 
for Winter men) shall become the absolute property of the employee. One- 
half shall be separately entered in his Pass Book and invested in the Com 
pany’s Ordinary Stock, either in his own name or on his behalf in the names 
of the three Trustees, and the other half shall be entered in his Pass Book 
to accumulate at interest, but under special circumstances, it may be allowed 
to be withdrawn upon giving not less than seven days’ notice upon a form 
provided for the purpose. The whole of the Bonus, however, may be placed 
direct to the Trust Account if any employee notifies the Pay Clerk or the 
Co-partnership Secretary that such is his desire. Under no circumstances 
whatever, except fraud, shall the declared Bonus or any part or any accu 
mulations thereof, whether in the hands of the Trustees or in the name of 
the employee, be forfeited. 
6. Winter men under signed Agreement shall be entitled to the full 
Bonus, provided they return in the following Winter, and leave the with 
drawable half on deposit with the Company. If, however, they choose to 
take the withdrawable half in cash, they are perfectly at liberty to do so, 
but in that case they will not be entitled to the other half. Should the 
Bonus at any time amount to 10 per cent., the maximum payable to Winter 
men who take payment in cash, viz., 5 per cent., will be reached. Winter 
men who leave their Bonus with the Company and who do not return the 
following season can, on application to the Secretary, obtain payment of 
the withdrawable portion to which they were entitled when leaving, plus 
the usual interest. 
7. The Committee shall appoint three Trustees, one Director, one Officer, 
and one Co-partner Workman, in whose names the half Bonus and any 
interest, savings, or transferred amounts added thereto shall be invested 
annually in the Company’s Ordinary Stock. If the amount so accumulated 
by any employee be sufficient for the allotment of £10 or more of Stock, 
the Trustees shall transfer such amount to him. In the event of leaving 
the service of the Company or on the death of any depositor the Trustees 
shall pay to him or to his representatives, in accordance with Rules 5 
and 11, whatever money may be standing in his name in their hands, but 
under no other circumstances shall any money be withdrawn from the 
Trust Account. 
8. Interest at the rate of 3 per cent, per annum shall be allowed on all 
amounts, excluding fractions of a pound, accumulated with the Company. 
It shall be calculated up to June 30th in each year, but shall not be given 
for an incomplete month. 
9. The Company will receive and add to his account such amounts as 
any employee may deposit as savings, and on all such sums interest shall 
be paid as per Rule 8. 
10. The Company will, on the application of any of their employees, 
make arrangements for the transfer and investment of any sums to their 
credit in the withdrawable account or any other money they may desire 
to invest, into the Stock of the Company. Any employee selling Stock 
purchased through Co-partnership, without the consent of the Secre 
tary of the Company, or pawning or pledging the same, will at once 
cease to be a Co-partner, notwithstanding any Agreement he may 
have signed. No Co-partnership system can endure unless it continues to 
fulfil the objects for which it was founded; therefore those Co-partners 
who do not endeavour to promote the welfare of the Company and of Co 
partnership, and who sell, pawn or pledge Stock or withdraw Bonus except 
as allowed under special circumstances shall be struck off the list and not 
be permitted to renew Agreements. They may, however, again become 
qualified after the lapse of two years if during that period they have 
taken an active interest in the prosperity of the business and have 
deposited savings equal in amount to two weeks’ wages. 
11. Any Employee may, pursuant to the South Metropolitan Gas Act, 
1896, nominate by writing in the prescribed form (which may be obtained 
from the Secretary), any person or persons to be registered as owner of 
and to transfer the whole or any part of the Stock of the Company 
belonging to him, and to receive the whole or any part of the deposits