PROFIT-SHARING PLUS CO-PARTNERSHIP.
[To ter EDITOR or THE " Eirocranut."1 Son,—There are two weak points in the question of proht- sharing—first, the question of the feeling of the employees when a year shows little or no profit, end secondly, the point alluded to by one of your comeepondents of January 25th, that in some cases, even if all the profits were given to the work- people, the increase on their wages would be so small as to he an insufficient inducement. A firm of millers rho have for many years shared their profits with their employees were COO- fronted some years before the war by the fact that there were no profits to divide that year. The profits were, in those days, good or bad almost entirely in proportion to the wiedoes with which the purchases were made on the market. and very slightly indeed due to the good work or otherwise of the employees. In the year in question the member of the firm
rho slid most of the buying was mistaken in Iris judgment. I ant not even prepared to say that his judgment was bad, because the fluctuations in the price of corn in those days were often quite incalculable. The result was that no profits were earned, but the firm felt it necessary to pay their employees the usual " profit-sharing " extras in order to satisfy the men.
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