FARMERS' ASSOCIATIONS.
By Telegraph.—Press Association. Timaru, Saturday. At the annual meeting of the Canterbury Farmers' Co-operative Association the chairman congratulated the members on the good results of the year's working in view of the destruction by lire of the Timaru premises and of the low price of wool. The sales showed an increase of £20,000. Between £14,000 and .£15,000 had been ex-pended on new buildings. The net profit was £24,267. A dividend of 8 per cent, was declared, with a bonus of 5 per cent, on purchases. The sum of £3954 was added to the reserve, making it £50,000. Oamaru, Saturday Night. The annual meeting of the North Otngo Farmers' Co-operative Association was held today. The balancesheet showed a prolit of £2194. Tho report recommended a dividend of 7 per cent, to shareholders. An amendment was moved to make a dividend to shareholders of 5 per cent,, with 10 per cent, bonus for commissions, and 2 1 /, per cent, on purchases, but this was rejected and the report and balance sheet adopted. The retiring directors were re-elected.
Christchurrh, Saturday Night. The annual meeting of tlioNew Zealand Farmers' Co-operative Association of Canterbury was held this afternoon. Mr. J. A. Pannetl (chairman of directors) presided. In moving the adoption of the report and balance-sheet, wfcieli -were adopted, the chairman said that he felt that all things considered the shareholders were to be congratulated upon a successful year's operations. The profits for the twelve months amounted to £20,759, whieSi. with £5380 carried over from last ywr, gave a total of £32,145. The earnings for .the period as compared with those of the previous year showed a diminution consequent upon the disastrous collapse, of the wool market and the exceedingly dry weather during the greater part of the summer, which naturally affected ,pe auction and stock commissions, and lastly, the money stringency, which made its rfft'ets felt more or less in every department of the business.
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Taranaki Daily News, Volume LI, Issue 229, 21 September 1908, Page 2
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322FARMERS' ASSOCIATIONS. Taranaki Daily News, Volume LI, Issue 229, 21 September 1908, Page 2
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