THE CLERGY CO-OPERATIVE ASSOCIATION (LIMITED).

Southland Times, Issue 3393, 6 May 1879, Page 3

THE CLERGY CO-OPERATIVE ASSOCIATION (LIMITED).

This is the tide ? of a somewhat re? 7 maikable co-operative association j formed 6n r 'the basis of those already -existing for ■members of the Civil Service. The Pro- ; spectus remarks that the pronounced success ' of these stores has suggested the establishment bf the otic under notice. The clergy wiU thus have a safe opportunity for pecuniary ■ investments promising, from an interest point i of view, a large return ; they will be secured = the special advantages which are now en-. ; joyed by members of the Civil Service and of ; the Army and Navy, and at the same time l- they will have a store, managed with the one single object of selling as cheaply as pos^ sibltfJ af teft provitting^iffterest^on. f capital ' expended; 5 Mutatis? TO^nd^M^lle^and ■ regulations, &<v&c., oFfbe Array aud J-TNayy Stores will be adopted by the? Clergy Cp- ■ opemtiveiStores.^ It is Noticeable.. tha|;,t|ig m6v%med&hi^Teceived the Tappidyal x,aha support of the. following clergymen among iotliers :— The Very Rev. the Dean oi Lichfield D.D. (Prolocutor of-the Lower House of 'Convocation, province of Cantorbuij) ;}; Rey. iS. Parkinson, D.D. (Tutor of Str ; Jbhu's : College, Cambridge) ; Rev. S. G, Phear, D.D, ( Master of .Emmanuel, College, Camr : bridge) : the Very Rev. the Deairbf Rochester; "D.D.:: Rev* Mi :«. A.yWtdrpnd / (\;icar of, St v 'Lawrence Jewry) ; Rev. C. J. Vaugan, D:D. ; (Master of thef;Temple, Chaplam to the '■- Queen, Oxford 'Select Preacher); Rev. ; Robinson Duckworth (Canon of Westminster, : ; Chaplain to the Queen) ; Rev. T. C.^Durham i ! (Hon, Canon bf Carlisle) ; Rev. B . W..Farrar, ; ! D.D. (Canbhjofe -Westminster, r ßector s of_ St.. ; ! Margare^r : 'Cfeplain-to' Ihe-^ Queeri>>-ReW ; ; F.H. Fisher (Rural Dean, Chaplain to the ; .of London,: y?^of.,Fulham) ; Rev. ? i Ti : w/kbx^^,^a^^e^J^aster_; of ;. rßugby School); Rev. H.: Latham (Vice.. * i Master and Tutor of Trinity Hall, Cambridge). ? 'The sliare Capital- Is £100,000^ in 50,000 { ! shares of £2 eachDThe actual dividend upon ■ : these will, of comse, depelid upon the amount j of the business transacted. The prices will j Ibe as neaily as possible those of the Army ; : aud Navy ! Btdres.'- The capital of these stores j :is £120,000, divided into £60,000 of shares ; and £60,000 of debentures.; After paying j : interest on the?b}ttSr, thesnextr profitvaya-iJ^ f. : able^r dividend bhthelfori^r ; 7]ivas,^ccrd- ■ ing tc the balance-sheet for the half-year ended July 31, 1878, £14,671. Is; Id. and the ; accumulated net profit in hand from-prftvious ; baiauce-sheets, afterpayment of interest and ; dividend was at the same,date £44,s4o ; :1.75 ,4d. ;. The Civil' Service 'Supply ! Associaticfl,7 'after :.- nayihe interest annuaUy en its share capital, f hks'&cumulstiecl: £197'068iT8s. 7d: -, In^e 7 case of the Clergy Co-operative Association no promotion money has; becnfpr -wi^j..Repaid. ?'■■' The .-offices are at 85 aud 92, Long Acre London, W.C., formerly the Queens Theatre.--the Queen,