Page 531 - The_story_of_the_C._W._S._The_jubilee_history_of_the_cooperative_wholesale_society,_limited._1863-1913_(IA_storyofcwsjubill00redf) (1)_Neat

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Bonus Schernes. ——

PARTICULARS OF THE SCHKMES WHICH HAVE BEEN IN OPERATION AND AMOUNTS
PAID SINCE THE COMMENCEMENT OP THE SOCIETY.
FIRST PERIOD, 1873 TO 1875.
Bonus was first paid by the Society in accordance with a resolution of the
Quarterly Meeting passed in February, 1873, as follows:
(a) Wlien the profits will allow a dividend of Bonus on Wages.
2d. in the £ 2 per cent.
2H M n ..
3d. „ 3
3^d. , 3i „
4"
4d. „ •
(b) .'Vnd when the business of the year then ending averages per quarter
for each shareholder of our members:
Bonus on Wages.
1 per cent.
U ,.

On the foregoing basis the following Bonus was paid:
£ s. d.
April, 1873- -4 per cent on Wages. 66 10 3
July, ,, 4i „ 97 6 7
Oct., „ 134 18 10
Jan., 1874- -l.V 44 19 6
April, ,, 198 17 7
July, „ 250 3 4
Oct., „ 146 14 2
Jan., 187o- 125 13 5
April, ,, 88 1 1
£1153 4 9
The above was paid to all employees in distributive departments, and to
those receiving fixed wages in productive departments.
In December, 1874, an amended scheme was proposed, bvit referred back
by the Quarterly Meeting for further consideration.
In June, 1875, Bonus was discontinued on the recommendation of the
Committee, on the ground that the system was unworkable and unsatisfactory.
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