ANALYSIS OP SCHEMES NOW IN FORCE. 
21 
of their employers in the first place a fixed rate of interest, 
generally varying between 3 and 5 per cent.,( a ) and then a further 
return on these deposits varying with the rate of profits of the 
business. The rate of this extra return is in a few cases( b ) 
to be such as, together with the fixed interest, will bring the 
total rate of return up to the rate of dividend paid by the 
company, with a maximum limit of 10 per cent, in one case 
(No. 22); in two cases (Nos. 8 and 51) the rate of the extra return 
is to be one-half of the difference between the fixed minimum 
rate of interest and the rate of dividend paid by the com 
pany, with a maximum limit of 7 per cent, for No. 51 and of 
10 per cent for No. 8; in another case (No. 102) it is to be half 
the rate of profits in excess of 8 per cent., the interest in this 
case being paid half-yearly. Under scheme No. 79 deposits are 
received by a private employer who, in addition to a fixed mini 
mum rate of interest, gives “ a bonus which is fixed by the 
Auditor in proportion to the profits.” Where a limit is fixed 
to the amount of money which may be invested, this varies from 
.£15 to £400.(°) Notice is generally required before any sums 
may be withdrawn by investors, varying from two days to two 
months.( d ) In addition to the foregoing instances, there should 
be mentioned under this heading the special cases of two gas 
companies (Nos. 84 and 109) who receive fixed weekly contribu 
tions from employees and who, in addition to a fixed rate of 
interest (4 and 5 per cent, respectively), give a bonus on the 
contributions. varying with the price of gas, the whole of the 
amount credited to employees being invested in shares in the 
undertaking. 
Proportion op Bonus reserved as Provident Fund. 
In three cases( e ) the whole of the bonus due to the employees is 
credited to a provident fund. Where such a fund exists it is 
more usual, however, for only part of the bonus to be devoted 
to this purpose, the other part being either paid to employees 
m cash or credited to their account for the purchase of shares in 
the undertaking by which they are employed. The proportion 
(“) The rate is 3 per cent, for No. 22, 4 per cent, for Nos. 8, 51, 85, 102, 
U P er cent, for No. 2 and 5 per cent, for No. 97 ; in the case of No. 10 there 
is no guaranteed minimum rate of interest. 
C) to (no fixed interest, return on investments being the same as rate of 
dividend, if any, upon capital), 22, 85, 97. In the case of No. 2 the 
return varies with the profits between certain limits according to a fixed scale 
(see pp. 39 and 40). 
0) The limit is £15 for No. 10, £50 (£100 for bailiff) for No. 97, £100 for 
No. 51, £400 for employees paid quarterly and £200 for other employees in the 
case of No. 8. No limit is fixed by Nos. 2, 22, 85. 
(’() In the case of No. 51 any sum up to £2 may be withdrawn in one week on 
notice of two days being given ; otherwise one month’s notice is required. 
With No. 102 amounts up to £1 may be withdrawn on seven days’ notice 
fourteen days’ notice being required for higher amounts. Seven to fourteen 
days’ notice is required by No. 8 (see pp. 41 and 42), and seven days to two 
months by No. 2 (see pp. 39 and 40). One week’s notice is required by Nos 
85, 97 and one month’s notice by No. 22. In the case of No. 10 no notice is 
required for the withdrawal of small sums, while otherwise a week’s notice is 
required. 
(') Nos. 9, 27, 37.