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

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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

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Document type:: Monograph

Structure type:: Chapter

Title:: III. Profit-sharing and co-partnership in co-operative societies

Collection:: Economics Books

INDUSTRIAL : ASSOCIATIONS OP CONSUMERS. 79 The amount of the addition to wages made by the profit-sharing Bonus received by the employees of the Scottish Wholesale Society in the years 1899-1910 was as shown below: — Ratio op Bonus to Wages in Scottish Co-operative Wholesale Society, 1899-1910. Year. Number of Employees sharing in Profits. Ratio of Bonus to Wages and Salaries. Year. Number of Employees sharing in Profits. Ratio of Bonus to Wages and Salaries. 1899 5,401 Per Cent. 3-3 1905 6,694 Per Cent 3-3 1900 6,091 3-3 1906 6,984 3-3 1901 6,192 3-3 1907 7,453 3-3 1902 6,403 33 1908 7,653 3-3 1903 6,786 3-3 1909 7,547 3-3 1904 ... • ... 6,562 3-3 1910 7,611 3-3 Shareholding by Employees. In the English Co-operative Wholesale Society membership is confined to Societies registered under the Industrial and Provident Societies Acts or the Companies Acts, so that it is not possible for any of its employees to hold shares. The Scottish Wholesale Society, in addition to admitting Societies to membership, has, since 1892, permitted its employees to become holders of from five to fifty shares of £1 each, and they are entitled to send one representative to the general meet ings, with an additional representative for every 150 employees who become shareholders, each representative having one vote. No employee, however, can hold any office on the Committee or he an auditor of the Society. At the end of 1910, 561 of the em ployees (out of a total of 7,611) were shareholders, holding 15,704 shares, upon which £13,945 was paid-up; and, in addition, £57,892 of the loan capital of the Society, representing the Bonus Loan Fund mentioned above, belonged to its employees, members and non-members together, the balance-sheets not showing separately the amount belonging to each class. The number of votes which the employees are entitled to give at meetings of shareholders through their delegates is at present four. (c) Productive Societies. The 39 Consumers’ Productive Societies in existence at the end of 1910 consisted of 5 corn-mills, 22 bread-baking Societies, and 12 miscellaneous Societies engaged in various industries, including building, printing, laundry work, dyeing and cleaning, and mineral water manufacture. Out of the 39 Societies com prised in this group, three Societies only in 1910 allotted any share in their profits to their employees. The total number of employees who thus participated in profits was 1,312, and the

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