TIMARU. September 15.
The farmers* mooting was eatiafactory. Of 6105 old shares all bub 700 were transferred to t)be now company, and many of those belong bo abaon toes. The retiring directors wore re* elected. In moving fcho adoption of tho roport the chairman, enumerating some eises of agricultural depression, mentioned the high Customs tariff as injuriously afFecbing farmors, while nono' of the protective duties assist them at all. The shareholder of the reconstructed Farmers' Cooperative Aesociabion mot to day, Tho directors will submit a balance-sheet for ten months showing a credit balance to profit and loss account) for tho poriod of LI OSO, and atato thab considering tho bad somson and depression in brade tho rcsulb is leos unsatisfactory than might huvo boon looked for, They propose a 6 per cent dividend on capital paid up of L 15,900 in the new company, and tho balance will bo carried forward.
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Bibliographic details
North Otago Times, Volume XXXVII, Issue 8079, 18 September 1894, Page 4
Word Count
151TIMARU. September 15. North Otago Times, Volume XXXVII, Issue 8079, 18 September 1894, Page 4
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