RESULTS OF CO-OPERATION.

Rangitikei Advocate and Manawatu Argus, Volume XXXVII, Issue 10737, 30 August 1913, Page 8

RESULTS OF CO-OPERATION.

■>t»l Per Press Association. Timaru, x August 29. The Canterbury Farmers' Cooperative Association for the year ended July 31st made a net profit of £82,217. With a balance brought forward of £85,222 to distribute the directors propose a dividend of 6 per cent, on preference, 6 per cent, on ordinary shares and 6 per cent on shareholders' purchases of merchandise, a 25 per cent rebate on commissions, except wool, 5 per cent bonus oh salaries. The directors will suggest at the annual meeting an issue of £50,000 worth 6 per cent preferential shares to meet the expansion of the business. '