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Evening Post, Volume XCIV, Issue 67, 17 September 1917, Page 8

The annual report of the Wairarapa Farmers' Co-operative Association, Ltd., for the year ended 31st July, 1917, states that .high prices have »mcd throughout the year for all primary products, with the result that money has been plentiful and trade good. The net profit for the year, after- having made ample provision for bad and doubtful debts, depreciation for stock and plant, "and.auditors', fees, is £20,522. 19s 3d, to which has to .be added £12,824 18s sd, carried'''forward from last year's profit and loss account, and which makes a total of £33,347 17s 8d available for division. The directors recommend the distribution as follows :—l. Payment of dividend on paid-up capital (free of income tax), 8 per cent. 2. Payment of bonus to shareholders on their purchases (commission goods exempted), 3 per cent 3. Payment of bonus to managers and heads of such, departments as have contributed a proportionate share of profit. 4. Payment of bonus to employees, who are working under the Shops and Offices Act, and who have been a full year in the employ of the Association, on their year's _ salary, S per cent. ,j After paying a dividend of 6 per cenfT on preference shares,-Govern-ment income tax, and honorarium to directors, there will remain a sum of £11,000 to be carried forward to next year's profit and loss account. The retiring directors a-re Messrs. A. W Cave, H. G. Williams, and D. Caselberg. The latter two, being eligible, offer themselves for re-election, but Mr A. _W. Cave, for private reason*, has decided to retire from the' board. ■ •