kIFC shareholders ;an afford to give
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AMINE in Africa has focused ttention sharply on the esparate plight of millions and as pricked many consciences. .haritable impulses have been timulated but not significantly mong the National Freight onsortium's employee hareholders. Contributions of 3,666 were made to charities 1st year on a turnover of 662,1m and an operating rofit of £28m, Employees, whose original £1 hares (since converted to 50p) re now valued at £8.60 and ,ho received dividends of 9.9p er 50p share last year, are to be asked at the annual meeting at Harrogate on February 23 to authorise donations to charity not exceeding £30,000 in the current financial year. This is less than 0.2 per cent of the consortium's profit on ordinary activities before taxation for 1983-84 and the chairman, Sir Peter Thompson, thinks it is pretty mean. He is likely to tell shareholders so at Harrogate.
They have set their faces against contributions to political, cultural and sporting activities, but the charity committee, under F.S. Law, will still have quite a task in selecting from a large number of bodies, those to which donations are to be given.