Report on profit-sharing and labour co-partnership in the United Kingdom

Bibliographic data

Monograph

Identifikator:: 1016336950

URN:: urn:nbn:de:zbw-retromon-27123

Document type:: Monograph

Title:: Report on profit-sharing and labour co-partnership in the United Kingdom

Place of publication:: London

Publisher:: His Majesty's Stationery Office

Year of publication:: 1912

Scope:: 1 Online-Ressource (160 Seiten)

Digitisation:: 2018

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

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. (&) 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; (&) 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.

Access restriction

Copyright

fullscreen: Report on profit-sharing and labour co-partnership in the United Kingdom

Monograph

Table of contents

Download

Monograph

This page

Image fragment

Citation links

Citation recommendation