TIMARU FARMERS' CO-OP.

Taranaki Daily News, Volume LVII, Issue 106, 28 September 1914, Page 3

TIMARU FARMERS' CO-OP.

THE OUTLOOK FOR CEREALGROWERS. By Telegraph.—.Per Press Association. Timani, Saturday. At the annual meeting of the .Farmers' Co-op. Association, the, sales for the year were shown to exceed a million and a quarter. The amount available for distribution .was ;C30,2!)(i.

The Chairman said it was proposed to pay bonuses as usual. The dividends are G per cent, on preference and 8 per cent on ordinary shares;. Bonuses, 5 per cent, on sales and 4 per cent, on salaries. The'vhslfnan '-Mr J. Talbot), in a review of the outlook, sai.i Spite of the response to Mr Massey's appeal to put in more wheat, he doubted whether there was enough grown to meet the country's requirements for the res: of the year. Wheat-growing had decreased for several reasons, one of the most important being . imports from Australia, where wheat flour was produced more cheaply than here. This would result in serious trouble, should Australia have, a shortage, as occasionally iiiappens. As to wool, he anticipated no local sale till January, and lower prices, as the only competitors were Bradford and the Dominion mills. The Association is paying half-salary to 10 employees who have gone to the front. The Directors had voted £,">o and the stall' £254 to the Patriotic Fund. The meeting voted £IOO to the Home and Belgian relief funds.