HIGHER PROFITS
Canterbury Farmers’ Co-op.
Dominion Special Service.
Christchurch, September 13.
Further substantial improvement in the finances of the Canterbury Farmers,’ Co-operative Association, Ltd., is shown in the accounts for the year ended July 31.
Gross prolit is £16,250 higher at £129,884 and net prolit, at £22,297, shows an improvement of £5183. Dividends are maintained at 5 per cent, on both preference and ordinary shares, £15,000 will be sent to various reserves and £3736 carried forward.
The company, in common with many others financing and dealing with farming products, had a hard struggle during the slump in 1931. A loss of £97,081 was made and losses in the two following years accumulated a deficit 'of £113,680. Since then the company has made gratifying progress as farmers of South Canterbury have been enabled to return to profitable farming.
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Bibliographic details
Dominion, Volume 30, Issue 299, 14 September 1937, Page 18
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137HIGHER PROFITS Dominion, Volume 30, Issue 299, 14 September 1937, Page 18
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