NEW ZEALAND FARMERS' COOPERATIVE ASSOCIATION.
The fif fch annual meeting of the New Zealand Cxjperative Association of Canterbury waa held at the Corn Exchange oh July 3rd. Mr C. Eneor, Chairman of Directors, presided. There was a good attendance. The annual report wa9 read, from which it appeared that 362 new chares have been taken up during the year, making up the total number issued to 6133, held by 1320 members. Owing to o?rtaia matters in oonnectim with the late management of the sprain and seed stores, a lose of about .£450 had to be written off; but a large increase had taken place in the operations of the Association. The mortgage of £3000 on the Caehel street premisee had been paid off, and both properties were now free irom encumbrance. Owing.to the untoward circumstances in connection with the recent management of the grain and seed departments, the amount of profit available for distribution was only .£750 4s 7d, which, with the balance brought forward, enabled .£IOO2 9a 9d to be disposed of. From this ram a dividenji; of .7 per oent. waa recommended, the. balance to be carried forward. The report also stated that the directors had accepted the sole agency in North Canterbury of Messrs Horneby and Sons' agricultural machinery. __ , .. BALANCE SHEET Fob thb Ybab Ending 31st Mat, 1886. LIABILITIES. To Capital Account— £ 8. d. * b. d. «we Shares,- at £5 ! <»eh ... ... 30,330 0 0 ' ~ 30,330 0 0 Capitalcallednp... 12,133 vo< ;0 fully paid up 1,696 0 0 13,830 0 O' '''■■':' Calls Unpaid 632 0 0 « 18,108 O 0 „ Association's Drafts ■ -J; - against Produce '....i,,;,' Shipped ... ••• B,We 4 11 „ Sundry Creditors , (including amounts ' at credit of Shareholders current Accounts) ... 1,750;. ofl0 f l Interest on Oyerr-. , :•.;.•* draft and Deposits - ;.,„,.... --. • •.,... to3lstKay ... ' "irS*-'^T „ Depcsits ... .8,585 & 0 Bank of New Zea- • ' ■ -\' ; - land ... -. ..--,,• 10711 7 „ Unclaimed Divi- -' ■■"■ • ! denda ■ ... ... 48614 4 Profit and 11033 Account, 1884-5 ... 282 5 2 Profit and Lose Account 1835-6 ... 780 •* 7 £33,890 '8' 8 ASBETB By Capital Account—B £ 8. d. £ 'a. d.' 5500 Shares uncalled, at £3 each ... 16,500 0 0 .> 866 „ fnllypaid, at £5 each ... 0 0 . . 6,500 „ called, at £2 11,000 0 o™~* — 0 0 „ Freehold Property 3,939 8 3 ; ■ „ Leasehold ... 2,11415 3 6,054 3 8 „ Advances on Pro- , dnce shipped and in store ... ... 13,589 Jβ 4 „ Sundry Debtors ... 2,737 8 9 „ Stock of Goods in Btore and afloat... 10,336 11 11 By Bailage paid not charged to Account 31 210 „ Unexpired Insur- .. ance Premiums ... «618 9 „ , , 101 1 1 „ Machinery and Office Furniture ... 894 4 11 „ Preliminary Expenses ...... ______ £33,890 8 8
NEW ZEALAND FARMERS' COOPERATIVE ASSOCIATION.
Press, Volume XLIII, Issue 6492, 14 July 1886, Page 2
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