NORTH OTAGO ASSOCIATION, LTD.

Press, Volume LXIV, Issue 13226, 21 September 1908, Page 8

NORTH OTAGO ASSOCIATION, LTD.

. , ,:" •-".. OAMARU,' September ; '-2!)BS .The annual meeting of share"hbldortS| of the North Otago Parmers' tive Association'was held oh Satur#M afternoon, theattendance .being g gj>olp|| L The balance-sheet: showed that a oredjlg balance of £1302 was brought fdrwo&J from last year and that £2194? wif|| available at the end of the -/ear. T > : .-wa| directors proposed to pay a f p_r|ceh|ffl dividend on all paid-up l capital g_u'd'fs&f| carry forward the balance of next, year's aocount.,g;g g^-g^- 1 . ,--v The Chairmani-ia moving the ;adop« tion of the reportf and reniarked 'that tho- two. soaßoha>susS passed through- should;[ber,takeit;.toiS § other, w& when -the ;coHaition_y4fa|| 'tago considered,;;,_hi_rehblderi« should feel proud of the ; way ; in which|S the Association had .coin© ordeal. He pointed out th_t : ;ari,#hs§| ' six and,:a half-years': that' tion : bad been in £14,000 had been mad©: m 'profittigofM which £776 had been used to preliminary expenses,, building-, plant,: of' reserves' or 'kept on' An amendment that:' tho ;. toTOrtssff| received, the intention that tho'dividend bo reduced to|s,Wsd bent; in order to allow .* of ing paid on shareholders' - and purchases,; was large g- majorityy and ■ tho j. adopted. : ■'■■:':■: ''-'■'. ; -'.-'. : . ; -'' ri >-' ; ' : 'x^ : The retiring diroctorß were" and after comments by various holders on minor features of -.-tiiei&wiSfß noss tho meeting- closed with to' tho staff -and ..directors. ■"<■'. .'iv'^^^S