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        <title>Report on profit-sharing and labour co-partnership in the United Kingdom</title>
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      <div>138 
APPENDIX J. : APPENDIX K. 
XVIII. General Buie 112.—Sections 3, 4, and 6 of General Rule 112 are 
not adopted. Interest on shares shall be at the rate of 5 per cent, per 
annum whenever the profits of the society, after extinguishing any adverse 
balance and providing for General Rule 112 (1) and (5), suffice to pay such 
interest. Any surplus profit shall be applied in forming a Reserve Fund, 
applicable by resolution of any general meeting on a recommendation of 
the committee to meet any contingency affecting the society or for any 
other purpose, whether within the objects of the society or not, other than 
the payment of interest on shares, provided that notice of every such 
recommendation he given to every member not less than six clear days 
before such meeting. 
XIX. General Buies 113 and 114 are not adopted. 
XX. General Buie 117 (a).—Where the dispute is between the legal 
personal representative or the nominee of a deceased member and the 
society, and the question at issue is, who is entitled to the whole or any 
portion of the property of such deceased member in the society, and 
either claimant applies to the society for arbitration, the secretary of the 
society shall give to each claimant notice, in writing, fixing a day and 
hour for the parties to attend at the society’s registered office for the 
selection of arbitrators in the mode set out in Clause 2 of General Rule 117, 
by such of the claimants as attend. 
(6) When the arbitrators have made their award on any dispute, they 
shall send a copy of the award to the secretary of the society. 
(c) The Arbitration Act, 1889, or any Act amending the same, shall 
not apply to any arbitration under this rule. 
APPENDIX K. 
Rules of Fosters’ Employees, Limited. 
(a) The rules hereto annexed, entitled “ General Rules for an Industrial 
and Provident Productive Society,”* numbered 1 to 126, are the rules of 
the society subject to the Special Rules thereof. 
(&amp;) The rules next following, numbered I. to XVIII., are the Special 
Rules of this society, whereto the General Rules therein referred to are 
respectively subject, and the interpretation clause thereof applies. 
Special Rules. 
I. General Buie 3.—The name of the society shall be “ Fosters’ 
Employees, Limited.” 
II. General Buie 3.—The special objects of the society shall be to carry 
on the industries, businesses, and trades of dealers in the shares and 
debentures of Foster, Sons, and Company, Ltd. (hereinafter called the 
company). 
III. General Buie 4.—The Registered Office of the society shall be at 
No. 24, Station Road, Padiham, in the County of Lancashire. 
IV. General Buies 7, 37, and 39.—The following may be admitted 
members: (a) Employees of the company; (&amp;) directors thereof; (c) other 
persons approved by the directors of the company and elected by the 
committee of the society. Persons ceasing to be employees or directors 
can only remain members by consent of the committee of the society, with 
the approval of the directors of the company. Otherwise they shall be 
paid out, receiving for their shares their nominal value, or any less sum 
appearing to be their value by the last balance sheet of the society. The 
limit mentioned in General Rule 39 shall not apply to such repayments. 
These are the General Rules mentioned in note to p. 135.</div>
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