FLOURISHING CO OPERATIVE CONCERN.
(Per Press Association.) TIMAUU, Saturday, The twenty-first annual meeting of the Canterbury Farmers’ Co-operative Association was held this afternoon. There was a large attendance of shareholders, Mr John Talbot, Chairman of Directors, presiding. The balancesheet showed capital subscribed to lie £87,385, paid up £43,570, reserve £24,837, net profit for the past yeai; £12,305, carried forward from last year £ll4B, making a total of £13,453 available for distribution. It was decided to pay 8 per cent, on capital paid up, d per cent, bonuses on purchases' by shareholders, refund of 25 per cent, on grain and auction compassions (wool excepted), 4 per cent, bonus to stall, add £ISOO to reserve fund, and carry forward the balance. The total of profits distributed for 21 years was about.£Booo, besides acquiring property valued at £50,000. The turn-over this year is about £40,000. The retiring directors were re-elected without opposition.,
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Bibliographic details
Gisborne Times, Volume VIII, Issue 518, 15 September 1902, Page 3
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149FLOURISHING CO OPERATIVE CONCERN. Gisborne Times, Volume VIII, Issue 518, 15 September 1902, Page 3
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