HAWKE'S BAY FARMERS.

Dominion, Volume 3, Issue 854, 28 June 1910, Page 8

HAWKE'S BAY FARMERS.

;;-. MEETING OF CQ-OPERATIVE ?;■ : : ■ ] . ASSOCIATION. : ;"■ : ;. ; : (B.r Teleeraph—Press. Association.) ■ ; ; : ■ ■■•'■■.•.■•■'■' Napier, June 27. j/-'\ _. : The annual..meeting, of the Hawke's. i"i '■ Bay l f armers' Co-operative Association, 1 ■ ■ Limited, was held to-day. The annuals ■: .'Teport showed that after making due pro- • "-'■■. : vision, for all necessary depreciations on { . buildings and plant, the balance of profit P (including .£1390 7s. 6d. brought. forward, ;■ '.':' from last year) amounted, to .£7511 ss. j lid., which directors recommended be !■-''■'," allocated as follows: —To pay a dividend r-- of 8 per cent, per annum on the paid-up :.. capital; a bonus of 25, per cent, on comf missions contributed, by shareholders "..•'" (land excepted); a bonus of 2 per cent. " ' on goods purchased by shareholders (in- !■ eluding goods sold on behalf of other ■ ■:.- shareholders); and a bonus of 5 per cent. '■■ ■' on salaries earned. A sum of is to ;■■; be added to the reserve fund,- and thebalance earned forward. ;'.'■' . The report was adopted, and the retiring directors were re-elected. y At a meeting of the directors, Mr. '-.-'. Archibald M'Lean was appointed chair- ■ "'■■■■■ ! man, and Mr. A. H. Enssell vice-chair- :