HOW THE MONEY GOES.

Manawatu Standard, Volume XI, Issue 1640, 20 February 1886, Page 2

HOW THE MONEY GOES.

11 Foxton has among its loca] rinstitutions, a co-operative Bakery. Company, i the eecoud annual report of which, is as follows :— rYour Committee have much pleasure m, submitting to the annual meeting the balance sheet, showing the assets and liabilities of the society,' the profit and loss account, and a statement of the incomo - and expenditure up to the 31st December last, which shows an available surpius'of £7± 8s 2d, which your committee recommend to be applied, first to a payment of a bonus ,bf sixpence per share, equal. T to £23 ;an honorarium of five guineas to the Chairman ; and a fee ot two shillings and six.peoce a meeting to the members of the committee o£ management. Your com*, mittee further recommend a Rayinentiof three guineas to the- Company's baker, the balance to be carried forward, ilr -Thyrine was re-appointed «ecretary 'to Jthe Company,., at . the same/ salary as hitherto., jMessrs J. Peitty =ifF«iidingy,. "and "lCCk-Palmer were- appointed auditors to the Company, ..for the ensuing year, the 1 fees not to exceed six guineas. -What strikes the casual reader .is. Ist. Thatifive -guineas is apretty ; good bonus for the Chairman. 2nd. Th'atHhe more frequently the committee meet, at half a crow.n ; :a meeting,- the better for their ownjpecuhiary interests. 3rd. That six guineas for 'auditing cannot be considered illiberal, to say: the least of it. 4th. That on the system of dividing the profits, there may be no bonus .of sixpence. per share at the next annual meeting, There is hbvr an agitation for a cooperative butchery. We should there would. The prospective 'chairman/ secretary, butcher, 1 committSe* and auditors should, m there own individual interest, leave no stone unturned to get. the new. venture, floated. By and bj-e • the 1 systeth will Extend to every other business, and there will be a regular millennium for the various officials connected, .therewith, which, will probably comprise the whole community. We fancy tho present ardent admirers of co-operation, as applied to retail business, will have a rather rude awakening before they are much older,