WEALTH OF THE LAND.
FARMERS' CO-OPERATIVE PROFITS. (By Telegraph.—Press Association.) NAPIER, this day. The Farmers' Co-operative Association made a profit last year of £28,583 12/7. The shareholders at the annual meeting decided to pay a dividend of 8 per cent, mi paid-up capital, a bonus of 12J per cent, on commissions contributed by shareholders, a bonus of 2 per cent, on goods purchased by shareholders, a bonus of 5 per cent- on salaries, and £1000 was added to the reserve fund. The balance was carried forward. The chairman (Mr R. I). D. McLean), in congratulating shareholders, mentioned that 21 years ago tin- association had 100 members, anil tilt-re were now over 10i):).* .Mr .1. W. Harding was elected chairman of directors.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19120712.2.43
Bibliographic details
Auckland Star, Volume XLIII, Issue 166, 12 July 1912, Page 4
Word Count
121WEALTH OF THE LAND. Auckland Star, Volume XLIII, Issue 166, 12 July 1912, Page 4
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in