SOUTH CANTERBORY FARMERS COOPERATIVE ASSOCIATION
(PBB PBESB ASSOCIATION.)
Timaku, November 17. Tho annual meeting of tho South Canterbury FarnWa 00-operatlvo AbbooJrtion took place to-day. Tho Dlreotora 1 report and balanoe aheefc anowed that there aro 711 shareholder representing £9638 13a of paid ap capital out of £15 450 eabßorlbfid. The net proßt for tho year wao £3564, The Director*' proposed to write £2000 off the value of the freeholds, to deolara a dividend of 10 per eont on the capital paid up, and a 5 per oent bonui on pnrobagea by ahareholdera at the ABSOolatlon a Btqreß. At d«te of the report (••id of September) the Association hold bealdea ita capital, £3383 of capitaHeed bonuffea and £7843 dopnaim by eharebo!dero. The advauoen made on wool and other produce amounted at date at £13,141. The pr odace atoro has capwity for 35,000 sicka of gr( ,i n t^j fl ig not Jarge enough. An addition, is now going op |lYl«3 room (op 13,000 mow, i
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Ashburton Guardian, Volume VII, Issue 1999, 17 November 1888, Page 2
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164SOUTH CANTERBORY FARMERS COOPERATIVE ASSOCIATION Ashburton Guardian, Volume VII, Issue 1999, 17 November 1888, Page 2
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