THE FARMERS' CO-OPERATIVE ASSOCIATION.

Press, Volume LXVI, Issue 20039, 22 September 1930, Page 13

THE FARMERS' CO-OPERATIVE ASSOCIATION.

TO THE' KDITOB OF THE PSXSS

Sir, —With the assistance of your . newspaper I should like to glean some - ' information. At the annual meeting *■' 'of the Farmers' Co-operative Associaf' tion shareholders, to be held on September 27th, a motion is to be 'Mf ; dealt with to the effect that the of directors be raised to gf» - I £ISOO. What sum per annum is now s|j''-",*b<ang paid? How many shares does a %: t ■ mail need to hold before being eligible sf' the directorate? In view of the i that the company is able to. pay pi \lj ft dividend to only the first preference I®.' ,!*shareholders, while Preference A, PreB, and ordinary shareholdersjf 1 ' receive nothing it is hardly a time for M | increasing the expenditure of the 2f£J« Association in any direction. I hope f- tie shareholders will - oppose the moti®. —Yours, eta., jM. V FAIR DUES. Si-Mf September 19th, 1930. Ski ,*[We are informed (1) that the pre- •}- 4'seat remuneration paid to directors is J&3000 per annum; (2) that- this is among fourteen - directors; (3) qualification for the directorIraK® is-the holding- of ten shares; (4) * notice of. motion to "which-our •"SfcwOTd the directors -or by the Jnodatioir; (5) that , the idea behind ' increase is, .to allow for, • " appointment of~a director in Lonv fdon —a new arrangement which, it is hoped, will save the Association money.}