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the georgetown herald wednesday march 16 1949 page 2 398 tjx mw oiiulm mfrwlr i4i yu wttbbui wniiif jour fun ft untile uop riufi ml wfmjifr in luudu cllula ifwwiar anj r u cil it wad uuji if ii it ji 1 wnlunff wlrtjaw lll fcwm sod iw kn fcniil i kaiulr f if ci i g dum fiun ru d apjd i i l iuiuwiaj fp mtru mop ii rrulrwlfhl map hi lb llvnl i t richardsons hardware phone 25 george to wu burlinstons leading industry reports on employees benefit profit sharing and savings plan a s nltliiuim aald fc011 profit sliarinr vlua provhir uortlmhllr ikinits and statkmen1 fehow fund lo bi ghowifcjg onk hnfk riring i oil lmlloykks willi the pre filiation of the third jmlimi in the fund unci niuul piirtu clp ite oi letlre banploycci culipot nailkipite linul tliey have neon employed uluithc film tin tlllee yciu kncli einplojce conti unite 5 per cent of hi waie which ii deduc ted each pny day lint ijo- ciifijiloytv i pi rmlttod to conti iljule more annual statement o the a s nlch- ll s p v- olni anu son benefit itiml to its lc par undertake to tqn- cployoei facta and flmirvi roartl trlbl i5 lc il eatu inula tot not moli tli ii onp ami the total employee the fund inaugurated three ycaru ao to be one of the beat in exfsl- eiieo and jtoi thwhlji toi the em ployee of thkonieipiibllu fum x liujovv we publish stntcment jet ei und explanation of plan letter to employees this lj a peisonaf lettei to cacli of the 110 memjjeis of the employ ees benefitprofit sharini and baimns i und with statement of the fund enclosed in a few days you will have your new book shoivini our clcdlt bal- luce at the end of last year the total ciedlt to all member no jo 1uih is over 71000 00 tin with the cxlcption of the si 1000 00 tiansferred f i oni the old e b iund has accumulated since mid summer 1910 we the 119 members of the fund have now approximately 100 foi every dollat we invcted i do not know of t lettei plan beltet in vestment oi bettei way to build up security and i do not think this plan has cost the company any thinj in fut i im inclined to believe that the compaii has pinfited by it as well as the cmplovccs a book vvas publisher lecenuv in which there was an anilysls of all profit sharlnk plans in bulb can- ad i and the united si ilc aftei leadinn this book wi feel confident thit i dev ist otlii i th it v will e pla be i i t it til mill mill i in 111 ill nc w il ulv an lull c iii iii- i idini ll 111 i ii et mi i allot- i in v u i i hid in n t ul il ttel 111 nil 1 ill tin inlii ii v horn inlltv if till- le llul i im inn ll st it 1111 i in ml i i il to ii u i tin milt i t im if this of till who inn not i tin r quired me ilmibli to fund lhit both the ompinv can hive ood boost durlnil cray 1 coach lines a driver carofully train ed to drive in all sorti of woalhor and all ort ol traffic a but quipped with the best safoty devices and reg ularly inspectod those are the added safety features you enjoy at low cost when you travel by bus fares are low hi c n u ith i mi thit i w ii l im i ii tllip tit in l i i mm f i tl nop nitmliui hid t j it the fund anothei 1104 whlii wi put it hbt tllc i shh odd du mark it v ill be i real j alcomplishmliit nid five u all j much pride and satisfaction with all best wishes foi the fut ure ll a nicholson irusteo statement november 11 1947 total 17 0g8 07 washington 2445 north bay 1420 montreal 1710 new otieans 4835 round trip tax included uubject to chunue less members retiring 15g035 30402 32 ismploes sav inns 11111 10070 14 company s contributions jo 017 51 1048 income ll iii 1 700 80 s74880 ui lews cost of group ins s2 hi 1 110 expenses 274 49 2 75u 15 ttckels and information total ci edit to till membcru nov 30th 104b 72128 40 touil number of members in fund ho total numbei of nonrpemberi with employment less than the required j years llfl i und lncrcnicd during year 34150 01 membership mcrea ed during year 1 uife ins of fund members 220200 00 a s nleholwjn trustee mr nicholson kxplalnb the pi am an follows this profit uhariujf plan is based on the jouyhi plan of the josyln mf and supply co of chicago as is the dofusco hamilton plan with some modifications in our cane we made uome modi fications to uult our business and incorporated in it our employees hencflt fund that wos in effect for several yeum previously- all employees who have been employed by the company for three years are eligible for particl- ont- half time eonti ilmiion all pic ments- into tins fund by eilhei tjie empioces dr the com- p in v must be coiu jdvi id a waives foi income tax pui poses i on appioval fioni the taxation division of the depattment of nat ional le venue the comp ui conti i- bullous to the fund lie ti cated ni a deductible cpens to the com pany i deteijiiiiiinf theii taxable i income when the tund vv is established i each tniliti was coveted b 2 uu0 01 life inslii tiuc up to fifty nine juiis of a it and lioni fift nine veirs on the insuiann wa- re dueed b hti 00 pci i n of em ployees ifc hut this insuiauce is gradual i dii ontmued b 20 00 reduction as eth emplovees ciedlt in the fund fiom companv s contri- bullous i eache this amount in the event gf death complete chsabilitv oi i etn emenl of any eniplole lit leccivc- bencfits ejuil to ill the nioncv he ha con ti ibuled his pio i iti sliiie of the eainuis on it and ins pio rata shaie oi the funis conti ilmtion and tin earnings on it in tlu cvt nt of i ciin limn oi dit- chaiic tlu trnplojce dt iws out oi itunii the hi nefit of all the mom he put in plus tlu pio rata mi iti ol tlu unuirs in it and i hi oi li ilf ol h s pm i it i sh ne aan sdllivuiii playu qnt of thu ioad i in edward smaut ltllarioua coined golfing gcrtlcui garter now at the itoxy theatre kallil flxk jojlnb itcrtai canadian navv ralph peck ton of mr and mr waltei peck joined the navy rec ently and iu taking his training at lsnulmault british columbia he isllie second local boy to join the navy in reccnty month byroa be dell havlnf left earlier in the ein for trnmim on the west coast tom hewsoh representing willoughby real estate agency 0 laval milking machine and cream separator international motor tmcks t hudson and rovev car i 1 ferguson tractors and equipment j george white threshers used tractors and cars centaur tractor woods electrical equipment milkers grinders cxolers our mill street offic is just around the corner from the bank of commerce office 332 w residence 332j j i tin in in tltl iblltion it i i li i i inh the n ill a 1 1 i mi in ni i i u i ll fun ii ill le- iiiiiut b eniplov i ii in mlei s ii on uniln the- fiatuii anil tin coiunuttt but with the order early atphnl br4er als h b 1 zz5 w m mumndblrm au faraeder blollud sua tw write vqe juoe- ust lhnh omu thompsons ltry farm anu ha tee the committee can distribute- up to 10 ptr cent of the annual con- tubution- into the fund by thf companv tlic fund i- managed b a com mittee of five three appointed by the company and two elected by the employed lach membei employee is given a new pas liook annually in which he is credited vv ith his payments into the fund his pio rata hare of the eurninjli and his pro rata share of the films contribution and earnings investment of not less than the total amount paid into the fund by the employees and the earnings on ths amount must at all timea be made in dominion of canada and province of ontario bonds or such other hccurities approved by the province of ontario for the invest ment of trust funds the balance being the amount contributed by the firm and the earnings on this portion can be invested without any restriction und aa the commit tee and the trustee s may from time to time decide and adds following comment we have been using this plan since 1041 it n definitely satisfac tory to both the employees and the company both huve profited by it our production ci mun hour has increased the labour turnover has decreased there is much less ab senteeism and generally excellent cooperation all around our com pany could not now afford to bo without this plan or some other equally as good uild satisfactory we are presently working on a group ii os pita ligation 11 an thli company is within a month of its fortyfirst year in business under tho same ownership startlntf with tluee or four men and now employing about two hundred und forty at burlington und one hun dred und fifty at their sawmill in the interior or british columbia eyes examined ot walker optometrist mala st n llruautoo at georgetown ball tttladhons phone s9b office ouice oven the e p head optometrist and manufacturing optician batteries for hearing aids eyes examined scientifically 5s st georges squahe guelph established 20 years for prompt and efficient service in general haulage work call dickenson haulage also guelph buildingj3locks chimney blocks partition tile cemfent bricks washed sand washed s phone 84r33 georgetown or itorw 381r22 1 ji in ii in i hush i tli it the mi n 11 ejicd lill lellls ol nu mill i i e in in ike loans to the fund 1 inpluees licneflt in hl pill pnsc that consiilcis worthy ppioval of the tills- your banker works jkjs m depositor or borrower you valuo privacy in money matters your banker protects that privacy your banking transactions are not open to the eyes and ears of your competitor your neighbor your community in other words the manager of your branch r bank and his whole stair ure working for you contrast hilt canadian way with conditions in lands what hwdom is danlad what avary bank ls- polhheal tool avary banker a public official worklna for lha state i slat monopoly ol banking proposed by socialists hatw would op your banking transactions to political intrusion j sponok sy yotr b-amc-