THE TIMARU FARMERS' COOPERATIVE ASSOCIATION

Oamaru Mail, Volume XXVIII, Issue 8290, 19 September 1903, Page 2

THE TIMARU FARMERS' COOPERATIVE ASSOCIATION

By Telegraph. Timaru, September ]9. The annual meeting of the Oanteiliury Farmers' Co-operative Association was ln'M here to-day, Mr. John Talbot (Chairman of Directors) presiding. Tlio balance-sliwt showed a net profit for the year of £18,050, but, with £1684 carried forward from M> year the amount available for distribution is £19,734. The largest-prolit was on the merchandise (£21,276). The total turnover £669,487, compared with £393,443 for l-vj year. All the departments show a mark™ inciyase. In the auction department' tw turnover was £514,233, against £185.300 for last year; grain was £191,473, W' l '", £95,237 ; general merchandise, £135.794, against £99,919. Last year the fia'amn for the year totalled £8,371, and the director* foes for the year £430. The chief item" "! the liabilities are: Capital subccriM >£49,000, carried forward to the rewrve f |ind £27,000, fixed deposits £65.000, holders' current accounts £38,000, against produce £IO,OOO. Tile assets sh#* freehold property £33,000, plant and ture £3OOO. advances on wool, grain, w£35,000, due on open account, including auction and grain £83,000,. goods oil tawj £SBXOO. Waiirate - brancii. £6OOO. ■ debts £590. The- past year's work fto, I '' iislice a record 'in the history of tlij Acm o "' tion.