Plan To Give Workers Shares

Press, Volume CVI, Issue 31084, 13 June 1966, Page 3

Plan To Give Workers Shares

(N.Z. Press Association) NEW PLYMOUTH, June 12. A resolution aimed at enabling employees to become part-owners of the companies for which they worked was passed by the Wellington division of the National Party. The remit, moved by Mr W. Clinton-Baker. Wairarapa. says “that the Government should be urged to consider the introduction of schemes which would enable companies to distribute shares to employees, thus making them part-owners of the companies for which they work; the value of such shares to be a

deductible item by the com- • names for taxation purposes. I The attention of the Government should be directed to schemes which have proved I successful in Western Germany.- ’ School Holidays The conference urged the Government to give serious consideration to the "rationalisation” of school holidays “with a view to eliminating the tremendous economic waste occasioned by the shutdown of business activity over the Christmas-New Year period.” The conference also sought rearrangement of annual school holidays In the height of summer, rather than late spring-early summer. Savings Plan A form of investment to help young persons save when they most needed financial resources was proposed by Mr A Martin (Miramar). He moved that the Government establish a capital savings fund into which young persons could deposit limited savings intended for the acquisition of certain approved capital asset, all such deposits being deductible for income tax purposes. Tne motion was passed. Mr E. D. Holt, Hawke’s Bay, was re-elected chairman of the division.