A PROFIT-SHARING SCHEME.
(Continued from Page 2)
“You use the right word,” he replied. The bane of British industry is suspicion. Suspicion is our worst enemy. Much is to be said for Labour in this respect Let us recognise it like honest mai. Labour has reason for its suspicion. Let us have faith in honesty and set to work to get rid of this paralysing suspicion. [ Can we do it? I believe we can. I believe indeed, that a pronounce- ment by the Prime Minister would give us at once a magni- fioent start in that direction.'
What would you have hita say?" I inquired.
"I would like him," he an awared, "to declare that hence forth Labour is to participate în the profits of industry, that the poey of the Government is to have this great end in view, and that to no other industrial end. will the Government give a more whole-hearted sympathy. If we get rid of ca' canny we get rid of, the one stumbling block in the way of national prosperity. If our factories produce what they can easily produce, national wealth will be multiplied to an extraordinary degree. This is certain; it admits of no doubt. Now, how can we persunile Labour to abandon "the suicidal policy of ca' canny, how can we encourage Labour to throw itself with enthusiasm into the work of producing more wealth for the nation? By insuring that it shall get its due share of the addit- ioanl wealth so produced.
MEANING OF PROFIT-SHARING.
"Profit-sharing is one metho to this great end. Labar must become the partner of Capital. Let us tell Labour that by profit- sharing we do not mean £5 at Christmas. That is absurd. Let us be done with any nonsense of that kind. The profit-sharing I mean is that the Lab ur contri- bating to the increased prolac tion, which secures increased wealth, shall, in addition to good wages, receive at the end of every wek or month a substantial sum as its share."
I interrupte
really be done?'
I can.
"But can this
"Without increasing-the-price-
of the product?'
“Yes.
The speeling of
machinery, the constant improve-
ment of the machine, the increas
Government contracts. Well, you see what happens. A firm takes a contract for a million pounds, It knows the cost of every single
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10
ing intelligence of both manage-inspired by the idea of national ment and labour. these will progress, and determined to insure high wages, high profits,
A WALKING SHOP. and a cheapening of the pro-luct,
Arrested at the premises of Let me explain. Before the war
Whiteley. Ltd., a large percentage of firms never
William Queen's-road, Bayswater, with a costed their jobs, never knew, that is to say, what the jobs
"Get rid of suspicion between large black bag in her possession would.cost. But now the costing employer and employed. Prove containing 4 eggs, a silk scarf, ayatem is universal in afl to them both, not by words bat2 pairs socks, 1 pair lady's hose, by deeds, that their interests are tins potted meat, I case of soap, identical. Get them to pull 3 tins sardines, 2 cakes, 1 box of together with perfect confidence cigarettes, a tobacco porch, 4 in each other's honesty. Do this, ladies' collars, 2 books, 1 silver and far from there being a black frame, 4 plated articles, s china "Therefore the management cloud on the horizon of England's soap dish, a brush, and a pair of can say to a deputation of labour, fature, there is a brightness eyeglasses, Louisa Mortlock, 56. We have undertaken this contract, dazzling in its promise of bap-is widow, living in Cambridge allowing in our calculations so piness. We are a nation that can terrace, Hyde Park, was at Mary many weeks for its completion: be destroyed only by itself. Our le bone recently sentenced to if it is finished in less time there people have qualities which are three months hard labour. will be an additional profit; that inatchless in the whole world. profit we propose to divide All we need for the triumph of between management and labour our national destiny is unity. in a proportion to be agreed upon I hope
detail of this contract.
Minis- the Prime
ARTIST'S MODEL & DIPLOMAT's.
SON.
An artist's model, who used to now between you and us: it is ter will call the nation to this pose for the late Sir Alma Tade- worth your while and our while unity, and shape his policy to'ma, was awarded £250 and costs to speed up machinery and get secure it."
the thing done as quickly as When a man like this tells as possible consistent with efficiency that the future need have no fear PROFIT IN SAVING TIME, for us, but is, on the other hand, "This system, you see, makes full of extraordinary promise, let profit-sharing immediately effec-us ponder his words.. tive. I lay stress on that. Every week management and labour
would know exactly how many
hours had been saved, and the
at the London Sheriff's Court recently for breach of promise of marriage. Plaintiff was Frances Mary Ruff, of Apache-road, Brixton, and defendant Sten Andersen Eiske de Bille, son of a former Danish Minister in London who signed the marriage eontract between King Edward GERMAN DEBTS TO FRANCE, and Queen Alexandrs. Miss profit would show in the wages.
France estimates the German Ruff explained that it was a case A workman who finds that by debis to her alone at 340,000,- of love at first sight, and that patting his heart into a job he 000,000 francs! Return of the defendant must have spent can earn not only high wages indemnity of 1871 with interest, hundreds of pounds on entertain- but a high profit in addition, 60,000,000,000 francs expenses ing her. He said his income was enabling him. 10 live in in the presont war, 140,000,000,-about £600 a year. Last May a better house, to cultivate 000 francs; pensions, 40,000,-she received a letter in which he a bigger garde, to keep more000,000 franes; and reparation said: I tried to give away some- pets, to provide his wife and for damages, 100,000,000,0001]thing which was not mine to ildren with more pleasures, And that is only the French bill! give. It was unfair and wrong, such a man will soon abandon What will the total be when but the consequences would ba the suicidal policy of ca canny, accounts are rendered by Beigium, far more wrong to you, and life and will be as proud of his fac England, Serbia, Ramapia and would be a hell to both of us. sory as the managing director. Russia? Already there is talk of Defendant admitted the engage- We shall have in this way the limiting the assessment to what ment. He said he had no income best workmen in the world, and Germany, should be able to pay, except 25 a week which he happiest, and we shall get in and that is only common sense, earned in the Censor's Depart
& democracy absolutely for by no possible means can ment.
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THURSDAY, JANUARY 30: 1919.
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