16 AUGUST 1919, Page 3

We are much interested to see in a prospectus of

a Company called the National Improved Housing Company, Ltd., a clause which states the intention of the directors to distribute a pro- portion of the profits made by the Company as a co-operative bonus to the workmen. The plan is that after a minimum dividend of 10 per cent. has been paid to the shareholders, an arranged proportion of the profits shall be paid to the workers to encourage a large output. We do not write with any know- ledge of this Company, as we had never heard of it till we read the prospectus in an advertisement, but the clause we have quoted seems to us very significant. It points in the right direction : it is along such lines as these, we are convinced, that the interests of Capital and Labour will be reconciled.