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ON INDUSTRIAL PARTNERSHIPS, I33
(9.) Cost of all necessary repairs are to be charged to the
cost of manufacture.
(10.) Costs of manufacture-are t3 include all law, banking,
and other incidental charges.
(11.) TO meet bad debts a fund is to be created by an
annual charge of la per cent, of the gross returns. Should
this fund prove insu5cient the excess shall be charged to cost
of manufacture. Any balance of the fund a8t termination of
partnership to be carried forward should the partnership be
reconstituted; otherwise it shall revert to capitalists.
(12.) Surplus profits beyond all the charges and costs of
manufacture are to be divided into two equal parts, one half
to be distributed to all employ6s"that is, all who have
receivedwages or salaries during the year-in proportion to
the amount so received by them.
(13.) The employers to appoint public accouutants to audit
accounts aud report the result.
(1.4.) The public accountants to decide all matters in
dispute.
(15.) Employ&' bonuses unclaimed during one month to
be forfeited.
(16.) A11 employ& to share proportiouately to the time
they have served, however short.
(17.) All dividends not claimed to be carried to the profit
and loss account of the following year.
(18.) Any employ6 joining a Trades Union or legally
convicted of injuring the works to forfeit dividend.
(19.) Persons performing work by contract to furnish lists
of the wages paid to their assistants, who will receive the
dividend direct from the employers; the latter, however, will
not be responsible for the correctness of the returns, and will
decide all disputes at their discretion.
(20.) Should the year's profits not meet all the charges,
including 10 per cent. profit to capital, the deficiency is to be
charged to the profit and loss account of the following year.
(21.) Exempts from the scheme a certain patent manufacture
belonging to Messrs. Fox, Head & Co.
(22.) No employ6 to acquire any of the rights or liabilities