EXPANSION OF THE CO-OP.

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

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 kind 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 limn in any other province in the Dominion, it provides suflicient evidence to justify its existence. , - Further, taking a series of years, the cost of Jiving is lower in Christchurch than elsewhere, despite the railage charge from Port to Citv. 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? 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 -.. £816,675 Paid-up Capital ~ ... £536,910 Reserve Account .. .. " £160,000 Turnover (all operations for year ended July 31, 191S) .. £4,025.G09 Dividends aud Bonuses Distributed .. .. .. £600,000 Surplus of Assets over Liabilities £963,000 Unencumbered Freehold Properties £200,000 Number of Shareholders ;. .- .. .. ~ 6000 DIVIDENDS, BOOTSES, and REBATES paid during the part 11 yews total £441,354.

£ NOTE.—In 1908 (tiie Association's 27th year) the fund stood at 53 287 Amount contributed during the past 10 years, 1909-18 (representing £10,670 annually) ~ ~ Jt .. , t ..106,713 : - £160,000 With these and other convincing data, wo. appeal to existing Shareholders and others to apply for further Shares, nnd thereby provide the necessary capital required by the rapid and continuous progress of Iheif own great trading concern. ■O • For and on behalf of the Directors of The New Zealand Farmers' Co-op. Association i :. of Canterbury, Ltd., A. W. JAMESON. : : £cting.-M»nager,

Dividend Bonus on • Rebate Year. on Capital. Pnreliascs. Commission. Totals. £ £ £ £ 1908 .. 9,024 8,417 > 2,233 20.274 1909 '.. 13,263 9,599 2,526 2^388 1910 .. 17,394 10,798 2,693 30,885 1911 .. .18,738 12,969 3.137 34,844 1912 .. 20,638 13,745 3,982 38,365 1913 .. 22,624 16,582 4,061 43,267 1914 .. 26,596 19,724 4,311 50,631 IMS .. 27,236 14,891 2,715 44,842 1916 .. 30,940 15,249 4,958 51,147 1917 .. 30,903 9,600 4,258 44,761 1918 .. 36J950 14,711 5,289 56,950 jj£- '.'"''*' £254,900 RE 146,285 40,163 441,354 SERVE FUND. '- . v ' '"' £ Fast 11 years. p 190S .i ... 53,2S7 1914 ,, >. 121,398 1909 .'./ 58,233 3913 ,, .. 131,748 1910 ;. 63,400 3916 .', .. 145,000 1911 .. 80,000 1917 .. 150,000 1912 ,, ■. 100,000 191S ,, t, 160,000 1913 .. 111,154