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.

APPENDIX L. Co-partnership Scheme and Rules op the South Metropolitan Gas Company. Co-partnership with Officers and Workmen. The Company’s late Chairman, Sir George Livesey, originated its Co partnership Scheme in the year 1889. The Scheme provided for the pay ment in cash of a percentage on all salaries and wages, the percentage rising and falling (like the Shareholders’ dividends), proportionally with the price at which gas was sold. The initial price was taken at 2s. 8d. per 1,000 cubic feet, and a Bonus, payable in cash, of one per cent, on salaries and wages was given for each penny at which the Company was able to sell gas below this figure. The Scheme was revised in 1894, the Bonus percentage being then in creased to 1J per cent, for each penny per 1,000 cubic feet at which gas was sold below 2s. 8d. One-half of the Bonus was payable in cash as before, and the other half was invested in the purchase of the Company’s Ordinary Stock. The Scheme was again revised in 1901, the initial price of gas being raised to the same figure as that by which the dividends of the Share holders are regulated, viz., 3s. Id. per 1,000 cubic feet, and at the same time the Bonus was reduced to f per cent, for each penny per 1,000 cubic feet at which gas was sold below the basis price. Summary showing the Rate and Amount 0} Bonus Darned Yearly Year. Rate per cent. Total. 1889 ...(Nest-Egg)... ... £6,863 1890 5 6,037 1891 5 ... 10,010 1892 3 6,145 1893 4 7,872 1894 6 ... 11,785 1895 6 ...X .. ... 12,892 1896 7i ... 16,906 1897 7\ ... 18,000 1898 7J ... 18,207 1899 8i ... 21,374 1900 9 ... 24,592 1901 3J ... 10,401 1902 7\ ... 25,676 1903 7\ ... 28,151 1904 8J ... ... ... 33,696 1905 9J ... 42,648 1906 94 ... 43,962 1907 9| ... 45,591 1908 71 ... 36,416 1909 7\ ... 37,123 1910 8i ... 41,327 (Note.—The Bonus Year ends on June 30th.) Object and Details of Working.—To induce all the Officers and Em ployees to take a real interest in their work by giving them a new motive for endeavouring to promote the prosperity of the Company, and (equally important) to give them an opportunity to improve their position in life by saving their annual Bonus and becoming owners of property in the stock of the company. By the Sliding Scale system (established by Act of Parliament) the profits the Company may divide among its Shareholders are dependent upon the price charged for gas—for every reduction of Id. per 1,000 cubic feet the Shareholders become entitled, by the Company’s Act of 1900, to 2s. 8d. per cent, additional dividend, and, on the other hand, should the price of gas be raised, the Shareholders’ dividend is reduced 2.s. 8d. per cent, for every penny.

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