SOUTH CANTERBURY FARMERS' ASSOCIATION

Ashburton Guardian, Volume VII, Issue 1715, 21 November 1887, Page 3

SOUTH CANTERBURY FARMERS' ASSOCIATION

■- ♦ ■ Timaru, November 20. At the annual mtetlßg of the Farmers' Association, the report stated that there has been a corresponding expansion of the business lv almost every department, and more especially m the export trade of wool and mutton, and m the Bale of produce m the colonial markets Daring the year ending 30th September, nearly 20,000 carcases of mutton were Bhlpped to Jjondon on owners' account, ao against About 4000 for the previous year, la deposing of the amount of £2605 17s 4d net profit for the part year, the Directors hare deolded, with tha approval of this meeting, to pay a dividend at the rate of S per cent per annum, to transfer to credit of shareholders m the capitalised bonus ftoconnt a sum equal to 5 per cent on the goods purchased during the year, they ftlso recommend the payment of a bonua to the members of the staff at 6 per cent On their respective salaries a»d that the balance of about £560 be carried to the reserve fund, The report adds— "The Directors have pleasure m stating that muoh practical benefit is likely to aocrue from the half-yearly conferences of delegates from the New Zealand Farmers' Association and our own, held In ChristChnroh and Timaru alternately, on such Blatter* as the arrangement of freights, the i°lnfc purchase of large lines of goods, the opening up of new markets for product mkl the disposal of surpluß stock. The advantage of combined action la eufficlentlv obvious, and as time progresßea i it Ib probabie that questions of polioy of ■till greater Important may profitably engage the attention of the delegates. In tefeirlng to thosa conferences your Dlreotois desire to express their approval of the valuable suggestion made by the Chairman of the Northern Association that « company Bhould be formed under the auaplcea of both Associations to endartake ths business of fira and marine insurance." The election of Direotors resulted aa follows :— Meaßrs J Campbell, W. B. Howell, E. P. Scaly, T. Mitchell, D. T. Carter, F H, Barker, A. Kelland, J. S. Eutherford, T. Jefeoate, O. Tipping and James S. King