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'..‘W.-J- ^#1 M' You may have read or heard about the new profit-sharing plan at The Champion Paper and Fibre Company. As neighbors, we thought you might like to know more about it. Perhaps you know that this “New Idea” provides that 15% of profits, before taxes, will be set aside for all our working part ners, subject to U. S. Treasury Department approval of the plan. , \ i . . < ;. . . • THE BACKGROUND OF OUR NEW PARTNERSHIP This profit-sharing plan was adopted only after virtually unanimous approval by all of us who work together at Champion. And it has the overwhelming approval of our shareholders. We all know that the money Champion takes in comes from the work we do, the products that we make and our customers buy. This is our only way to get money for wages, equipment, buildings, pulpwood and all the things that keep the Company going. And profits are the only source for insurance and retirement benefits. So. no matter how we look at it, the security for all Champions and their families depends on Champion making money. If we can’t build security this way, we can’t build it any other way. EMPLOYEE BENEFITS ARE NOT NEW TO CHAMPION For many years, Champion has offered life insurance, health and accident, hospital, surgical and medical benefits as well as retirement income. But employees had to pay part of the bill, although the smaller part. Under our V tjj; ‘V new profit-sharing plan, our working partners pay nothing even though the benefits have been improved. ✓ TRUST FUND FOR PARTNERS Under the “New Idea,” the balance of the 15% remaining after paying the cost of our various insurance benefits goes into a trust fund in which each Champion has an individual account. This account can be used to provide more life insurance or a bigger retirement income or to provide financial aid in the event of emergency. ‘ ’l . V • _ !»* . . . *’ - 'C • • 1 BUILDERS OF SUCCESS NOW SHARE SUCCESS We have been working toward this profit-sharing plan with our 9,000 part ners for some years. In a real sense, the men and women of Champion have always been partners in our enterprise. They have helped build Champion into the industry^ it is today. Their skill, their interest, their pride in good products have con tributed greatly to Champion’s success. We believe it. is sound for them to share in profits because they make profits possible. The amount of money that will be available for benefits, and to build each partner’s account in die trust fund, will depend upon the Company’s profits in the years to come. It’s up to all of us at Champion, working together, to build together—os partners in paper and profits. P- ^ : v.' '1 ■ f ■ . / The Champion Paper HAMILTON, OHIO ,• -m ■M