Page 532 - The_story_of_the_C._W._S._The_jubilee_history_of_the_cooperative_wholesale_society,_limited._1863-1913_(IA_storyofcwsjubill00redf) (1)_Neat

—
—
The Story of the C.W.S. —
SECOND PERIOD, 1882 TO 1886.
In January, 1882, a scheme of Bonus was commenced in the Manchester
Drapery Departments, and extended to the Furnishing Department in 1883,
and to London Drapery, Boot and Shoe, and Furnishing Departments in 1885,
on the following bases:
1. Basis for Manchester Drapery Department, in operation during 1882 to
1885—
(a) ^ per cent on increase in sales over £130,000 per annum;
(6) 10 per cent on decrease in expenses, calculated on the basis of
£8,500 expenses to £130,000 sales;
(c) Minimum net profit to be 3d. in the £ on sales.
2. Basis for Manchester Furnishing Department, in operation during 1883
to 1885—
(a)'^ per cent on increase in sales over £23,000 per annum;
(6) 10 per cent on decrease in expenses, calculated on the basis of
£1,300 expenses to £23,000 sales;
(c) Minimum net profit to be 2d. in the £ on sales.
3. Basis for Manchester Drapery and Furnishing Departments, in operation
during 1886
(o) ^ per cent on increase in sales for 1886 over the sales for 1885, plus
^ per cent on increase in sales for 1885 over the sales for 1884;
(b) 10 per cent on proportionate decrease in expenses for 1886 compared
with the expenses for 1885, plus 10 per cent on proportionate
decrease in expenses for 1885 compared with the expenses for 1884;
(c) Minimum net profit to be—for the Drapery Department, 3d. in
the £ on sales; and for the Furnishing Department, 2d. in the £ on

At London, Bonus was allowed on increase in sales and saving in expenses
for the year compared with the preceding year, at the same rate as Manchester.
On the above bases the following payments were made:

Year.