PROFIT SHARING.

Wairarapa Daily Times, Volume XI, Issue 3704, 7 January 1891, Page 2

PROFIT SHARING.

Several hundred of the men employed at the Old Kent Road Works of the South Metropolitan Gas Company, with their wives and other relatives, met on a recent Saturday afternoon, in holiday attire, on the cricket field, to express their approval of, and thanks for, the profit sharing Bcheme introduced by Mr Livesey, and the other directors of the company. Mr Burrows, chairman of the Workman's Committee, whe presided, said it was no "bogus scheme," but that hundreds of meii had already received tboir money. When his hook was made up on the 30th of June last £2O appeared in it. The scheme was one of the grandest ever floated, and almost made the working men shareholders. Remarks of a similar purport were also made by Mr M'Euen, Mr Roberts, Mr Gilbert, and others. It was stated that the Greenwich and Vauxhall stations had already expressed their acknowledgments, In acknowledging the resolution of thanks proposed to him Mr Livesey spoke of the profit sharing system as forming a bond of union between all classes. The amount of the "neststanding in the names of the men who signed previous to June of last year was now close upon L 7.000. The bonus lust year was L 0,821. Woman was forced to sign an agreement; and though the company was bound to find work feu; those who did, yet any man could leave ftt a week's notice. The profit sharing system, he declared amidst creat cheering, had been a complete succert,—'Pally Kews.' i