SOUTHLAND FARMERS' COOPERATIVE ASSOCIATION.
— 4 — (press association telegeam.) INVERCARGILL September 2. The annual report of the Southland Farmers' Co-operative Aseociatioa shows a loss for the year of £3396, mainly due to the Goro floods. Iα order to place affairs On a satisfactory basis it is proposed to write off £841 for depreciation and £2171 for bad debts, Vhich owing to the unfavourable season have been, exceptionally heavy. '"Accumulated losses" stand at £15,140. and the directors strongly recommend that steps bo taken to Tvipe these ofF by writing down paid up ordinary capital and so allow tho Association to mako a fresh start.
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Press, Volume XLIX, Issue 14761, 3 September 1913, Page 13
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102SOUTHLAND FARMERS' COOPERATIVE ASSOCIATION. Press, Volume XLIX, Issue 14761, 3 September 1913, Page 13
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