ALEXANDRA INDUSTRIAL CO-OPERATIVE SOCIETY.

Alexandra Herald and Central Otago Gazette, Issue 1709, 23 October 1929, Page 3

ALEXANDRA INDUSTRIAL CO-OPERATIVE SOCIETY.

<, HALP-YEA-ELY MEETING.

The sixteenth half-yearly uiootijig of the Alexandra Industrial, Co-operative Society was hold on Monday, October 14.. : Mr Munr6 (president, of the society) was: in the chair. There was rotfly a' small attendance ,of members! ' The minutes of the previous s half-yearly meeting were: road aud>counraied> and the report: and balance-sheet were ?*&'■ ceived. The chairman stated that' the balancesheet showed the society to be, in a flourishing condition; The sales for the. half-year amounted to 9s 7u, and: the net profit available for distribution" amounted to £2ll 6s, which the eoiii*, mittee recommended for disposal as -fol-low:—-Interest on capital,at o'i per coat, per annum £45, bonus on members' pur- \ chases at Is in; the £, £l6l, leaving a balance of £5 6s to be added to the reserve .fund.

Tht manager (Mr "A'sliworth) said he thought the balaucersheet'was a good one in view of the depression in business which had been goheral throughput the Dominion during the last year.-He thought they had a good business; a good store, and a.goodvsite. He %duld like to see a more loyal spirit of v-co-operation prevailing among.jinembers. Iflthey had-eyen 70-per iient>of loyal co-operators' they > would achieve- their ' object more quickly. He- said he was always ready and williug to vaccopt.suggestions from the members for the: better carrying into effect of the objects of the society. They wereT still 'carrying on after 12 mouths in'the,Hew building, in spite' of the gloomy predictions of failure which were circulated When they:had to"pay interest. If they I could get the money in, as it. should come in.they could save the interest on : the-overdraft. They had had eompeti•fors of the mushroom type. They'had an" adverse effect on, the 'business, be .; cause they displayed cut,' lines Which ' undoubtedly appealed to many, antlcousequently withdrew a certain amount of .trade. . " • £ ' . The balance-sheet was adopted, after U'brief discussion. -' , V • Messrs Prater, Muthias and King were re-elected' to the Comniiitefe of Management unopposed. in returning thauks l or>his election, -said ,ho would like'to see a ballot taken. ;lt would show that*the ineihbers were taking ah interest-in,-the society. Mr King also thanked thei members for re-, turning his unopposed;, but: he would like to.see some now biood on the.committeee. He thought they were fortunate in having.a manager lik'o Mr Ashworth. The committee had a big rcsponsibility aud it gave of-its', best in the interest of the memoers, and he thought it: was only fair that the bers should attend meetings at least twice a year to give them a-lead. .By doing so they would be. to , the committee. ' Mr Mufthijis also returned thanks for his election.>ahd endorsed the previous speakers' remarks in regard to. a' ballot. He also regretted that', members did not '.'buck lip the committee as they should. /: Mr Ashwortli' said he could. not let the occasion pass without, paying a tribute to .the members of the staff, who did their work well. He also;wished toHhunk' the committee for its.vqssislance. lie thought that it had the full conndenco of the members when it was elected'without opposition. . V , Mr J. Hirers said, he would like' to see a veranda on the shop. Speaking as one of the guarantors, he said that he jWas quite satisfied with tliii position of the society. He moved 'that the committee go into the' question of erecting a veranda, Mr Kiug .pointed out that the- committee had putting on the ver;uid > a' I because of expense. They wished to safeguard' the guarantors us much as possible.' Mr Beilby seconded the motion, which was carried. Mr Weaver. moved a vote of thanks to; the inanagoiv In doing so he said he liiid, not been able to attend as inany of the committee mVetings Us he 'should.:'.' He, said lie thought that Mr Ashwortli >s personality ; had been responsible for the success of the society. He thought, the present 'balance-sheet showed that: itie society was progressing ami that, there, was ito foundation for the ruu»»urs to the contrary which were being circulated. , , ' , j , ■' Messrs-Muiiro and Beilby endorsed Mr' Weaver's remarks in regard. to the inaiiiiger. Mr Beilby said that Mr Ashworth had tlie confidence of the \var--housomen, us wejj;:as that-of'the mem-'' bors. '"' : ' •■'•. ,'• ; ■ ' i ] -,A hear.iy vote\of thanks to the efcafr concluded .the nieettiig.