INVERCARGILL.
This clay. The members of the Southland Farmers' Co-operative Association held their annual meeting on Saturday. The attendance aa-as very good. The report stated that the association had started on the 4th of March last, and up to the 31st December, barely ten months, it had made a net profit (after paying Avoi-king expenses and alloAving interest at the rate of seven per cent, per annum on the paid-up capital, in all £1834 9s lid) of £800 15s id, or 120 per cent, on the iiA-crago capital employed. Tho committee had placed £40, being five per cent, on the profits, to the iiiA'cstment fund, and the remainder, £740 15s Id, had been carried to the reserve fund.
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Daily Telegraph (Napier), Issue 3609, 5 February 1883, Page 3
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118INVERCARGILL. Daily Telegraph (Napier), Issue 3609, 5 February 1883, Page 3
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