PROFIT-SHARING.

Dominion, Volume 3, Issue 647, 26 October 1909, Page 5

PROFIT-SHARING.

TO ■BE..A'':fJONDITidN dP/FBENCH^IfINE.' )\^.:Ql■';'-! /^CONCESSIONS;^/:\' : : : ':^, i (By; ;AEsocifltioh,i-ddpyr'ight,) ?; i./ ,-.■.";'.', :^i ''i.'v''paris| : October : :24.v.-:' !.''The'?Frcnoh,'-'Min/«fer".'f6r'Wor^',' : 'and.'Vnddressjng'/.his' 'Wnstitiio'nts,//.aiihou'nced thatj hcnccfdfw'ard/Jwhen granting mining "con". :cessionsy',thdse'/.co'nces^iohs' : :will'always ihcludg l £i proviso'; : tliat ■ shall' share :• in. - tho .profits,*':/, :;W-y:/;/'.:' •.'■■'.:.:.:" ;■; '■:..; i: /■■■':■■;]. ;■■:.'/:, v-' 'AND : : PROFIT.'/ ■■:$: '.*('.■>* / '::./.■//.'/;::,/ : r /^-P? t ':^ I 'profit 1 3harihg .was;,struck earlier: on ..the month/by.;, tho. French Premier, 'M.. 'Brjand;'. who Ms' a, Socialist." /Ho stated. that "the association of capital and of labour had raised ■npiv, problems. ?- Triide:' unions ■ hod no:. more ■right ,tliari .tntllyiduala 'to impose their will .to .the detriment of .the'.cbmmunitv./ He did .not believe that the .conflict of .capital and labour: was.bonndto be, eternal.',. He looked to somo .form;;6f ,pfofit-sh'aring'. to Vprdviuo .'a/solution of/the problem,, .'■';; : •■..,,.: ' .'' : ."' > ■ / :'' There are in -France' (says an ; exchange) two' famous- cases.,of labour' co-partnorship/i Thd first is. that.of Godin:iron foundry, at Guisei 'where.full Ico-partn'ership came.into operation in;. 168«;.. The .wo'rkeTSßro.divided .into: auxil-: 'iaries, v partieipants,. ; :sdcietairesj and'associates/ fl'he'auMliarics'incl.udc' all,ncw.hapds and the iompdrary. employees; , They benefit only to itia extent of insurance ."against illness and- acci;dent,:/and I'under,;.certain :conditions ; .may re-/ ceivo a..pension/" The.,participants, rcceiye a: -.share in' ■ the profits,/, proportibnnl :to their .wages.'-..The societa'ries : also receive a share proportionate; to their wages, 1 but' in their; ca6o .tho: share'-is. : 6o.:per cent.,higher' than, in-the criso, of/the- participants.'.■ The highest/olas6, tho /associates,/art" aldno.in the position of also receive , a ■ share in tho profits:proportionate, to thoir irages, hut the share.'is'double what would be received by a participant-nt.thb same wage,'■■ The'workers' movo; from, .'one • class ; to, another -by. seniority", .The, government of/the society is ultimately, vested altogether : in the associates. ''The second, rioted.. instance ■ is.:. that. of the ■•-'*.' liaison Leclaire'."/•';'',///../':/:;■ : '■