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CO-OPERATION.

At the close of the Ashburton Agricultural and Pastoral Association's meeting held yesterday afternoon, a meeting, called by circular by Mr John Oirr, was held m the Arcade Chambers. There was a largo attendance of farmers and others, and Mr David Thomas was asked ibo take the chair. The Chairman, m a few words, introduced, Mr John Orr, who said that two or three attempts had been made to establish a Co-operative Society m Ashburton, buc they had all failed. Believing that sooner or later a Co-operative Society must be established by the farmers, he had called this meeting, and he would at onoe state that his object more especially m doing so was to bring before them the question of buying out his business, and running it on co-operative lines. He had carried on the business for thirteen years, and, ! as they knew, it had proved m his hands a great success. If no desire were shown to take up co-operation m the way he was proposing, the3 r could let the matter remain as i 1; was ; j but if co-operation were introduced, ifc would be a pity to start an opposition to such a going concern as his. He proposed therefore to throw the business into a cooperative affair, and he was willing to relinquish it if £8000 capital were provided. Of this sum he himself would iake up £3000. If the Directors thought that sum too much fur a business man to hold, he would be ready to set aside £2000 whenever a market for the shares could be found among bona fide farmers. He could guarantee 7 per cent profit for two years. More than that he could easily guarantee, but under co-operation, prices would have to be less for some lines than was charged at present. The premises could be leased or they could be bought. The value of stock, including the clover seed just landed, was £8000, but the company would have to deal with only £50Ci, seeing that he was providing £3000. With regard to the bills to be given on the stock, he would ask no interest for the three months' bilils, but for the six, nine, and twelve months' bills, he would want but bank interest. His only reason for making this offer of his business was that he foresaw that co-operation mußt come sooner or later, and as he meant, m the . not far off future to go upon the land, he considered it' best to be first m coming to meet the farmers half way. In answer to questions Mr Orr said he could easily guarantee 7 per cont profit for two years ; that he would be willing to manage the business for the Company for two years ; that the premises were valued at,£7oo per annum just now, and the purchase price stood m his ledger ac £6000. About one-third of the premises was let at an annual rental of £312. A long and desultory di«ciifsion took place, m the course of which Mr Orr gave more detailed information about the business he was conducting, explaining that many of the lines lie kept m stock, and which the uninitiate'J looked upon with suspicion, were really the best paying linos of all. The stock was all m excellent condition, and he would hand it over to the proposed company at cost. Ultimately the meeting was adjourned, to meet again m the same place next Tuesday afCernoon.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AG18900806.2.6

Bibliographic details

CO-OPERATION., Ashburton Guardian, Volume VII, Issue 2484, 6 August 1890

Word Count
578

CO-OPERATION. Ashburton Guardian, Volume VII, Issue 2484, 6 August 1890

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