NORTH OTAGO FARMERS' COOPERATIVE ASSOCIATION

North Otago Times, Volume C, Issue 13139, 21 August 1914, Page 1

NORTH OTAGO FARMERS' COOPERATIVE ASSOCIATION

1 ANOTHER SUCCESSFUL YEAR. A meeting of the Bqaul oi Dncctois oi the Noith Ohgo Fiumci >' Co oppiii tno Association, Xtd, held on JMoiul.u last to considci the balintc nliett and statement ot at counts as at Jlst July, 1914 The Asbocation has had ajnghl) satisfactoij v'ai in all dopaitmentb, and tic iiguitb dibfloscd must be \eiy gutitjmg to all concern cd 1 The nctt amount .uailabi" ioi d.'ihi bntion is:— 8 H (I Piolit foi lcm ending Jlst Juh, 1911 . 5<)lo 11 7 lialunu) uiued ionuud "> ' ii om last l'cai . MO 1J 1 Total t6 7 JI i 11 The Duedois luoniiiicnd that this sum be allocated as follow*' - To pa)incut of a diudeil of 7 pu tent on paid up capital, Tttontj pet cent lcbito on stoik and wool Lomnii'.siou'* (ivool so) I at Timaiu and Dimcdui silos euipled), Time and thicc ipiaitei p' cent bon us lo shiiaholdus on pmdi i«cs ol mei LhaudibL, inaliiug bj pci cent loi the

year; »,.,''' Five per cent on salaries earned by the permanent staff}' That A'soo be added to tlie reserve forbad and doubtful debts; ; 'That £IOOO be added to the,ordinary reserve account which will then stand . And, tliat after allowing for Income Tax the balance be carried forward, Tli.e'-annual nicotmg lias-,been fiicd for Saturday, 19th Septcml'er, 1911