PROFIT-SHARING.
THE EDITOR or THE " SPECTATOR.")
Set, —There are many difficulties in profit-sharing, especially where profits fluctuate widely. Once a workman gets a share he expects it always, and he has no use for loss-shoring. For well. known reasons Trade Unions do not encourage it. A method adopted by the large industrial company of %ebb% I am Chair, man has worked very well with a limited number of the employees and is now being extended. Shortly, deposits of el, or any multiple of 41, are accepted by the company, and interest is credited each year at the rate of the dividend paid to the shareholders, with a minimum of 3 per cent. and maxi- mum of 10 per cent. These limits can of course be varied to suit the special circumstances of any company adopting the system. No one except the Secretary or cashier who keeps the books is allowed to know the amount of any individual deposit. Consideration of space iforbide my giving further details, and I will only add that many of the larger depositors have become shareholders instead.-1 am, Sir, be., G.
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