RUNANGA CO-OP SOCIETY

Grey River Argus, 20 December 1920, Page 6

RUNANGA CO-OP SOCIETY

I The 54th quarterly meeting of the' above society was held in the Miners' Hall, Runanga, last Thursday evening, Mr G. R. Hunter (the retiring president) being in the chair. The report and balance-sheet were adopted as satisfactory. The position of the society, as shown by the balancq-shcct, is very encouraging. The profits for the past six months were £1670. This allowed 2/in the £ dividend to be declared, and £250 was placed to the reserve fund; £50 to the Tcscrvp dividend fund; and £30 to the live arifi rolling stock fund. The reserves have now reached nearly £3000, and tho building and fixed stocks written down to £689. These figures show that tho society is in a flourishing condition, and is one of the most financial concerns in New* Zealand. The amount of capital invested in the society is £6953, and for the , reserve to have reached £3000 shows that the society has been managed by men prepared' to put it on the best possible footing. In' the election of officers, Mr G. R. Hunter was re-elected president, there being no other nomination. Mr T. Currio (trustee) was Tc-elccted unopposed and Messrs R. Gore, W. Gleevcs and W\ Page were elected unopposed to the committee. The Runanga people should be proud of their society, and it only needs the backing, of the whole of the people to guarantee its future success.