PROFIT-SHARING PLAN

New Zealand Times, Volume LII, Issue 12181, 4 July 1925, Page 7

PROFIT-SHARING PLAN

.BRITISH MINING INDUSTRY PROPOSALS BY OWNERS. Australian and N.Z. Cable Association (Received July 3, 8.5 p.m.) LONDON, July 2. The "Daily Telegraph” labour correspondent says the Miners’ Federation is considering the proposal of the Mining Association for a new wage agreement. They have framed the basis o an income-sharing plan, but without wages being the first charge on income, instead of profits. The wages will depend on the profit remaining after the payment of working costs', the colliery workmen taking 87 per dent, and the owners 13 per cent. As the men object to eight hours, the coal-owners are not raising the hours question. It is understood the executive is not prepared to discuss a proposal involving the disappearance of the minimum wage. Renter's Telegram. It is stated on reliable authority that the owners’ proposals provide for a reversion to the eight-hour day, but if the miners will not agree the owners will propose a seven-hour day. ; The owners propose ,to sweep away .the-'existing (general, minimum wage of 33 .1-3 per cent, on standard wages. ?The miners’ executive considered the proposals, and regarded them as drastic and revolutionary in character. Strong opposition was expressed to the OWpejja’ proposal, that each ’ district ‘ haveuts own minimum, rates.