THE PEOPLE'S CO-OPERATIVE STORES.

New Zealand Herald, Volume LVII, Issue 17483, 29 May 1920, Page 9

THE PEOPLE'S CO-OPERATIVE STORES.

investment opportunity yob, ifer ScaaAND housewives teat V/; MEANS big SAVINGS. - The campaign of promotion for estab- ':■< lishing co-operative stows in Auckland is progressing most favourably, spirited eni , tfneiasm and appreciation of the company's proposals being everywhere is- . '■ played, and a large proportion of tie shares ofisred for subscription have al- '■: ready been taken np. The company will : ~ coiDiftence operations by taking over the ' ; '- B. Kid grocery and butchery stores in Wellesley Street, Kbyber Pass and Quay Street following up these with a chain, ?' of stores throughout all districts, also a complete daily delivery service for tie supply of all classes of food commodities is to be instituted for districts not cov- . ered by the stores. The system of trad- : ing ia to be that after paying working ex- % -peases, rent, interest on capital, etc., all '- profits are to be distributed among members as bonus rebates on purchases, which means that members will buy their supplies at actual nett cost. Dividends will be declared every three months, and mem- . k bers mav either draw them out m cash - or leave' them in the business on deposit ■at interest. Dividends run as high as fee to four shillings in the pound, so that over a year the average family will naive quite*a tidy sum in rebates. The ' businesses being taken over are at present doing a turnover of over £65,000 a year, and show a margin of profit that will enEire good dividends being returned even on the present showing but as the entire stores and organisation are to bo rebelled and manv new features emfaiied that will create further big savings ■<§* operating costs, beside the additional, 4 toying powers of the increased capita., members will have good reason to con**?grata3aio themselves both on the service ' »d the profit-sharing benefits. To those who have been noting the developments of co-operative trading in ' other parts of the world and also the miccess of our own farmers' co-operative organisation? in New Zealand, the campaign »>* to tpplv the same principles and advantages to city and suburban consumers, should present- a strong appeal, and with the -rapport of the purchasing public beWnd it the business is bound to rapidly grow into a verv big and powerful concern, and of course, the bigger it grows "10 greater the economies effected, the Wer do prices of goods come down, and lie greater the benefits to the memberfreeholders It is a great, chance for •dockland housewives to create for themwives .in ideal forpplv service and also to pet into practical operation the one real solution to the high cost of living anfl J profiteering problems, for there can be no Profiteering in a business organised like the People's (V» operative Stores, the purchaser must get ail the surplus of profits over operating costs. The directorate is tnvenißf) bv the member shareholders, and »1 balance'-sheeU and trading statements ire submitted to the meetings. These brief particulars will give a general idea of the company's plan of cam- . paign. If von are interested send for full J ' details and application form for shares, j • Shares are £1 each, and every Auckland | V housewife gbou'd decide to take a share .n. X two today and give her support to the J■M ipovement. It is going to pay her hand | -pi wmely to do so. Send to-dav for liters- | ■•';- '"re,' Address : B. L. Baguafl, rVirfArv I %;■. people's Co-operative Stores, 501. New | ..; 'Zealand Insurance Buildings, Queen 3 d:, wet, or to any of the D. Reid stores. i i , s a ____