NORTH NEW ZEALAND FARMERS CO-OPERATIVE ASSOCIATION.

New Zealand Herald, Volume XXIII, Issue 7567, 20 February 1886, Page 3

NORTH NEW ZEALAND FARMERS CO-OPERATIVE ASSOCIATION.

TO THE EDITOR. Sib, —In your issue oi the 16th instant "A Shareholder" draws attention to a serious blot in the management of the association. 1 have before me a long editorial, cut from a Waikato Times of the sth August, 1884, wherein it is stated that Messrs. Clark and Gane hid carried on & successful trade at Cambridge, and that the directors had bought the business at terms all in favour of the association. Now it appears that, although Mr. Gane is a paid managing director in Waikato, yet the association has lost £600 in less than eighteen months at the Cambridge depot, and the Te Awamutu depot has not made a profit. It comes tofthis, taking the three depots there is a dead loss of considerably over £400. I agree with " Shareholder" in saying that the Auckland store should be the only one, and supply shareholders direct. If less trade was done there would be less risk of loss, which, if continued at the present rate, will close all. There are four managing directors, one being paid. There are three paid depot; managers, and one paid manager at the Auckland;store 'or chief office. My firm conviction is' that the latter and the two unpaid managing directors at Auckland are all that is required, and would be the right men in the right place. That the association is now too much managed is the opinion of Shareholder No. 2.