Show Cooperative Ship Yard New York Dec Iee 9 Proposals mails made by tho the Shipbuilding company om n to open n R cooperative co yard ant are reported to have been approved by I union labor lenders leaders ami smi the president of ot the tile firma firm stales Chili that the now 11 enter enterprise prise wt shortly be launched on an open OlmI shop hap basis bul Tile The Tw plant which h h Is III at Shooters Island has hu been beau ben closed for some tUne time me Under the general plan for tor time the pro prop proposed posed d reorganisation pan time the will p 1 re receive Ive the rate of or orAnd wages and an at the th end elid of ot the th year share In 11 the time surplus the dividends being based upon the th amount of ot their wages wager all for the year Cr Allowance will wi be made mad madIn In iii th the computation e for tor repairs and the deterioration ot oC the plant for or the In Interest interest terest on the amount of capital Invest Invested ed and amid for tor the losses hoNes 10 |