DIRECTORS AND SHAREHOLDERS
(United Press Association.) TIMARU, Sept. 16. The an/mnal' (meeting of shareholders of tlhe Farmers' 00-operative Association to-da.y was soimewlhaft. lively anidl ip/ro tract - odi, many shareihioldtersi complaining- of tine nanJ-aillwcajtioni of the usual bonus on customers' ■biisLniess done. The directors explained that this was dire to the extra cast of working, tlhrouglh. the war. and the loas on wheat tlhrouigh the stoppage of exportation. A moitiioii' to adjourn for a week awl .refer the report back for conisideration of fohe bonois question was dost on a, show of hamdk, and' the report was adbpitedL The proposal to aOtt-er tbe altiel'ts of association.' iso as itb give (the directtaralte largely extended 'Dowel's of federation with other asßociaitiiions aind otherwise was o'bjected to as going too far. On a show of handis tlhie proposal was declared lost, but on an appeal to the ballot it was carWed by 475 votes Ito 27. The (totail turnover for the year was £1,304,000, and' itihe net profit £25,000, or about £IO,OOO less than in the previous year.
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Bibliographic details
Nelson Evening Mail, 18 September 1916, Page 2
Word Count
175DIRECTORS AND SHAREHOLDERS Nelson Evening Mail, 18 September 1916, Page 2
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