CO-OPERATION OF FARMERS.

Franklin Times, Volume 9, Issue 697, 6 January 1922, Page 5

CO-OPERATION OF FARMERS.

ONLY MEANS OF SUGCESS.

(Published by Arrangement).

It has now become an established and accepted principle that to achieve .ultimate success any wide or comprehensive movement must have the generous co-operation of the public or, at the very least, of the class it is intended to benefit. History i.-j teeming with instances of glorious successes achieved through wholehearted fco-operation and of pitiful failures resulting from the required support not being forthcoming.. Today, fortunately, evidences are most plentiful that the spirit of union for common benefit has permeated not only the labouring classes, but the whole strata of the primary producers, and the effect is to be seen in our magnificent dairy co-operations, freezing works, etc. Other big movements have been inaugurated by our farmers, and one that has, during the late trying period of high prices, been an immeasurable boon to the whole public, has been the Farmers’ Union Trading Company (Auckland), Limited, not only because of the low selling prices of the goods it supplies, but because of setting a low standard for every retail establishment in any locality within reach of the Company’s 31 stores. It is a proud boast to be able to claim that, through this, prices were lower in the Auckland province than in any other in the Dominion, Here are some facts : They offered £IOO,OOO worth of bonds, but the confidence of the investing public in the Company was such that over £183,000 was subscribed. In the six months since their 'last balance sheet they have reduced their stocks on hand by £124,000, the call money by £58,000, their fixed deposits by £65,000, and their bills payable by £54,000. They have completely paid for their new building, and have created a reserve fund of nearly £IOO,OOO to meet any possible reduction in deposit money during next yea)'.

Notwithstanding the very large stocks held when the slump came, and the very substantial writing down which has been necessary, they have come through the worst portion of the reconstruction period with far less sacrifice (than most businesses have had to face, and are confident that the position of the Company to-day wifi compare more than favourably with any other business of a similar nature. ) There are still more shareholders wanted; the more there are the stronger the Company will be. For full particulars call at or write to the local branch of the Farmers’ Union Trading Co.