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 C 2 24548