﻿RULES OF MESSRS. THOMAS BUSHILL & SONS.

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such notice, unless given during some month of September, will not
take effect until the end of the -financial year current at the time it is
given.

(6.,l Method, of Distribution.—The employees’ share of profits accruing
in each financial year is (subject as after mentioned) to be distributed
among them in proportion to their respective salaries or wages at the
commencement of such year, taken for one week, exclusive (1) of pre-
miums, overtime, or other variable allowances; or (2) of loss caused by
short time. As to employees who are piece-workers, such week’s wages
in the case of each such worker is to be arrived at (exclusively as afore-
said) by averaging the wages earned by him during the last month of
the preceding financial year. In making any year’s distribution it shall
be permissible to the firm to carry forward undivided to the credit of
the following year’s employees’ share of profits any sum -which, if divided,
would have given to them less than one week’s wages calculated as afore-
said.

(7.) Employees’ Deserve Fund.—(a.) If in any year the employees’
share of profits should exceed such sum as would, if divided, give a bonus
to them equivalent to six weeks’ wages (that is, six times the amount
of the one week mentioned in Rule 6), the surplus above such sum
shall go to form an employees’ reserve fund.

(6) This fund will remain in the hands of the firm, bearing interest
at the rate of 4 per cent, per annum, and may be applied, at the discre-
tion of the firm, in aid of a subsequent year’s distribution.

(c) If any such year’s surplus should not be so applied within five
years of its transference to the reserve fund, the same, with interest
thereon, shall, at the end of such five years, be allotted to the provident
funds of such of the employees as shall then be in the employ of the firm
(subject as after mentioned) under the title “ Bonus from Reserve.”

(d.) No employee shall be entitled to benefit by any “ bonus from
reserve ” who was not a profit-sharer for the year in which the money
allotted in reserve bonus was earned.

(e.) The allotment shall be made in proportion to the respective wages
or salaries of the employees sharing in the allotment (computed in
accordance with Rule 6) for the year in which the money allotted was
earned.

(/.) It shall be permissible to the firm at their discretion to allot a
“ bonus from reserve ” at an earlier date than provided for in clause (c)
of this rule.

(<7.) The accounts of this fund (whenever any monies stand therein)
will be audited yearly by a chartered accountant, and submitted (con-
fidentially) to the firm’s cashier for the time being.

(8.) Treatment of Bonus.—The share of the profits accruing to each
employee (hereinafter called “ Bonus ”) is to be divided into three equal
parts; one of these will be paid over to him within two months of the
end of the financial year, and the other two parts will be credited to
him in the books of the firm as a provident fund for his benefit. There
will be delivered to him a pass-book in which the account of his provident
fund will be entered, and which must be produced when any payment
from it is demanded.

(9.) Employees Leaving.—Any employee whose service ends by notice
given on either side, by illness, or by death, will have a right to bonus
for the financial year in which his service ends in proportion to the
portion of the year elapsed to the end of the month preceding the end
of his service. Any employee leaving under circumstances other than
before mentioned shall lose such right. Any sum lost to an employee
under this rule does not accrue to the firm, but goes wholly to increase
the distribution to the other employees.

(10.) Proviso in event of Damage or Embezzlement.—If an employee
ceases to be in the service of the firm upon or by reason of any act or
default on his part causing loss or damage to the firm, or is at the time

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