MOSGIEL CO-OP.

Grey River Argus, 21 March 1940, Page 9

MOSGIEL CO-OP.

The Mosgiel Co-operative Society recently held its eighteenth annual meeting, when the. annual report and balance-sheet were read and adopted. The profit and loss account showed a surplus for the past six months of £362 12s Id. It was decided to give Is in the £ on all goods (excluding bread, butter and tobacco) paid for during the past six months. With the 6d in the £ cash discount already paid the total discount would be Is 6d in the £ on purchases. The payment of interest at the rate of 4 per cent, per annum on share and loan capital in multiples of £1 was approved. The auditors reported at length on the financial position of the society. Referring to the past half-year, the report stated that on the whole the results for the period appeared very satisfactory, and the society was to b-e congratulated on maintaining its position in view of the present unsettled trade conditions and the difficulty of obtaining stocks.