EXHIBIT (e)(8)

                               INDEMNITY AGREEMENT


TO:  [NAME]

IN CONSIDERATION of your agreeing to act as an officer of Emco Limited (the
"Corporation") and for other good and valuable consideration, the Corporation
hereby agrees as follows:

1. In this Agreement, "Indemnified Proceeding" means any civil, criminal or
administrative action or proceeding to which you are made a party by reason of
your being or having been an officer of the Corporation or by reason of your
being or having been, at the Corporation's request, an officer or director of
any other body corporate of which the Corporation is or was a shareholder or
creditor.

2. The Corporation shall indemnify you and save you harmless to the full extent
permitted by law against all costs, charges and expenses (which includes amounts
imposed by income tax authorities for expenses which are taxable benefits to
you), and including any amount paid to settle an action or satisfy a judgment,
reasonably incurred by you in respect of any Indemnified Proceeding provided:

     (a)  you  acted  honestly  and in good  faith  with a view to the best
          interest of the Corporation; and
     (b)  in the case of a criminal or administrative action or proceeding that
          is enforced by a monetary penalty, you had reasonable grounds for
          believing that your conduct was lawful.

3. In respect of an Indemnified Proceeding by or on behalf of the Corporation or
other body corporate of which the Corporation is or was a shareholder or
creditor to procure judgment in its favour, the Corporation shall apply to the
Ontario Court (General Division), or such other court as may have jurisdiction,
for approval to indemnify you and save you harmless against all costs, charges
and expenses (which includes amounts imposed by income tax authorities for
expenses which are taxable benefits to you) reasonably incurred by you in
connection with such Indemnified Proceeding provided:


     (a)  you  acted  honestly  and in good  faith  with a view to the best
          interest of the Corporation; and
     (b)  in the case of a criminal or administrative action or proceeding that
          is enforced by a monetary penalty, you had reasonable grounds for
          believing that your conduct was lawful.

4. Notwithstanding anything in this Agreement, the Corporation shall indemnify
you and save you harmless against all costs, charges and expenses (which
includes amounts imposed by income tax authorities for expenses which are
taxable benefits to you) reasonably incurred by you in connection with the
defense of any Indemnified Proceeding provided:

     (a)  you are substantially successful on the merits in your defense of
          the action or proceeding;
     (b)  you  acted  honestly  and in good  faith  with a view to the best
          interest of the Corporation; and

     (c)  in the case of a criminal or administrative action or proceeding that
          is enforced by a monetary penalty, you had reasonable grounds for
          believing that your conduct was lawful.



5. This Agreement shall not operate to abridge or exclude any other rights, in
law or in equity, to which you may be entitled by operation of law or under any
statute, by-law of the Corporation, agreement, vote of shareholders of the
Corporation, vote of disinterested directors of the Corporation or otherwise.

6. This Agreement shall enure to the benefit of and be binding upon the heirs,
executors, administrators, legal personal representatives and successors and
assigns of each of the parties hereto.




7. The Corporation confirms that it has purchased insurance in the amount of $15
Million (Cdn.) for your benefit against any liability incurred by you in your
capacity as an officer of the Corporation or as an officer or director of
another body corporate where you act or acted in that capacity at the
Corporation's request, subject to the restrictions set out in the Ontario
Business Corporations Act. The Corporation will maintain such insurance for your
benefit in at least such amount, provided that such insurance is, in the opinion
of the Board of Directors of the Corporation, readily obtainable at a reasonable
premium. The Corporation will give you prior notice of the Corporation's
intention to cancel such insurance for whatever reason.

8. You confirm that you have been advised, and have been provided with an
opportunity, to seek independent legal advice with respect to this Agreement.

DATED as of the         day of                    , 199         .

                                  EMCO LIMITED


                               Per:
                                        ----------------------------
                                        Douglas E. Speers
                                        President and Chief Executive Officer


                               Per:
                                        ----------------------------
                                        Richard B. Grogan
                                        Executive Vice President and
                                        Chief Financial Officer



AGREED AND ACCEPTED


                                        --------------------------
                                        [NAME]



I have obtained or freely and voluntarily waive my rights to consult with legal
counsel of my choice with respect to this Agreement.



                                        ---------------------------
                                        [NAME]