No 1 Jan 1924 issue; so another article from the previous day:
_The Evening Post_, 31 Dec 1923:
SHARING PROFITS
17,000 CO-PARTNERS
LORD LEVERHULME’S SUCCESSFUL EXPERIMENT.
Lord
#Leverhulme, head of the famous firm of Lever Bros., who is spending a few days in Wellington in the course of a world tour, is a great believer in the blessing of work, and has also taken a leading part in developing the principle of co-partnership.
…
“… There is no philanthropy in it. No thanks are due to me… Co-partnership seems to me to be the natural, the right and proper thing. I believe that it is a sound, practical business proposition. I would rather have a partner working for me than a mere wage-earner or salary-drawer. Co-partnership makes a different atmosphere. The wage, or salary, has to be the foundation, of course, so that a man has an assured income, but, after all, it is the little extra over and above an assured income that add an interest to life. More than half our profits, after the payment of preference dividends, goes to the workers. For the coming year the co-partners are likely to have the same amount in dividends, namely, £240,000, as the ordinary shareholders get.”
https://paperspast.natlib.govt.nz/newspapers/EP19231231.2.24#OnThisDay #OTD #PapersPast #Businesspeople #IndustrialRelations #ProfitSharing