EXPANSION OF THE CO-OP.

Sun (Christchurch), Volume VI, Issue 1628, 3 May 1919, Page 9 (Supplement)

EXPANSION OF THE CO-OP.

TO THE FARMERS AND OTHERS OF CANTERBURY.

It is now universally conceded that New Zealand leads the world as regards the Farmers' Co-operative Movement, and it redounds to the credit of Canterbury that it has the largest Association of Its Mnd in the Southern Hemisphere. However, this was only made possible through the support accorded by the individual shareholders, and when we realise that commissions are lower in Canterbury than in any other province in the Dominion, it provides sufficient evidence to justify its existence.

Further, taking a series of years, the cost of living is lower in Christchurch than elsewhere, despite the railage charge from Port to City. Moreover, with such facts available, does it not afford sufficient food for thought, and act as an impetus to Farmers to increase their Share Capital, to maintain the greatest economic influence they possess in the commercial world. What would the Farmer have to pay if the Co-op. did not exist 7 This is the question to ponder over, and the answer is to be easily found in the actual results attained. The following are a few of the salient points deserving the closest scrutiny '.—— '" . Nominal Capital .. .. £1,250,000 Subscribed Capital .. £816,673 - Paid-up Capital .. .. £536,910.. Eeserve Aecount .. .. £160,000 Turnover (all operations for year ended July 31,1915) .. £4,025,609 Dividends and Bonuses Distributed .. .. .. £600,000 Surplus of Assets over LiabUities £963,000 Unencumbered Freehold Properties £200,000 Number of Shareholders .; .. 8000 DIVIDENDS, BONUSES, and EEBATES paid during the past 11 years total £441,354.

NOTE.—In 1903 (the Association's 27th year) the- fund stood at 53,287 Amount contributed during the paat 10 years, 1909-18 {representing £10,670 annually) ~ ~ ~ 106,713 £160,000 Willi these and other convincing data, we appeal to existing Shareholders and others to apply for further Shares, and thereby provide the necessary capital required by the rapid and continuous progress of their own great trading concern. For and on behalf of the Directors of The New Zealand Fanners' Co-op. Association of Canterbury, Ltd., A. W. JAMIESOK, Acting-Manager.

Dividend Bonus on Rebate Year. on Capital. Puvobascs. Commission. Totals. £ £ £ £ 1908 .. 9,624 8,417 2 °'*3 20.274 1909 .. 13,263 9,599 2*520 251388 1910 .. 17,394 10,79S 2,693 30.885 1911 .. 18,738 12,969 8,137 34,844 1912 .. 20,638 13,745 3,982 38,365 1913 .. 22,624 16,582 - 4,061 43,267 1914 .. 26,590 19,724 4,311 50,631 1915 .. 27,236 14,891 2.715 44,842 1916 .. 30,940 15,249 4,958 51,147 1917 .. 30,903 9,600 4,253 44,761 1918 .. 36,950 14,711 5,289 56,950 £254,906 146,285 40,103 441,354 RESERVE PUNB. £ .. 53,287 Past 11 years. £ 1908 1914 . 12t.393 1909 ' .. 58,233 1916 . 131J4S 1910 . .. 63,400 1916 . 145,000 1911 .. 80,000 1917 . 150,000 1912 .. 100,000 1918 . 160.000 1913 .. 111,154