New Plymouth Co-operative Society.
« ADJOURNED MEETING. Thk adjourned half-yearly meeting of the New Plymouth Co-operative Society was held in ths large upstairs room of the Ddvon-street property at 2.15 o'clock on Saturday. There was a good attendance of shareholders. Mr J. B. Connett, the chairman of directors, presided. Tho following report and balance sheet were circulated among the members :—: — '• In presenting their hilt -yearly report your directors wish to point out that every effort is being made to reduce the book- debts, and by so doing to lessen the large amount at present being paid to the Bank by way of interest, thus insur'ng regular dividends in the future. The business in the Store Department for 'the half-year has not been satisfactory ; but the directors confidently anticipate I (through steps now being taken) that the business will steadily improve. Your directors recommend the payment of a dividend of 6 per cent, per annum, and a bonus on shareholders' purchases of 2£" per cent. You will be called upon to elect o.ie director in the place o£> Mr Bond, who retires by rotation", and one auditor in the place of A. B. R. Fookes, and to consider any other business that may ba brought before the meeting. — J. B. Connett, Chairman." Tin balanc 3-sheet for the year ending the 33th April, 1901, is:— LIABILITIES. £ S. d. Subscribed capital — 4071 shares, at £1 4071 0 0 Reserve Fund 600 0 0 Reserve for bad debts ... 400 0 0 Trade Creditors-For goods, £932 3d 2d; for butter, £2810 3s 8d 3742 6 10 Advances on consignments 19,248 15 9 Sundry creditors —r Bank, £4019 Is lid; loans, £905 0s lid 4969 2*o Unpaid dividends 54 7 10 Ba'ance 191 0 6 Total ... £33,279 13 9 ASSETS. £. s. d. Land, £1200; increase in value of land, £1000 ... 2200 0 0 Buildings, £1156 11s Od; less depreciation, £57 16s 6d 1098 14 6 Plant, £141 Issd; less depreciation, £14 2s 1d... 126 19 4 Shares —67 Co-operative Wholesale Shares, £20 9s sd; 80 N.P. Cooperative Shares, £80 100 9 5 Book debts 3458 16 . 2 Amount dua on sundry consignments 3262 3 7 Advances on produce on produce and accounts outstanding 14228 17 5 Goods on hand, 30th April, 1901 3939 8 8 Butter on hand tin-1 on consignment, 30ih April, 1901 .'. 4794 16 5 Bills receivable 22 8 11 Cash in hand ... ... 46 19 4 Total 33,279 13 9 TROFIT AND I.OSS ACCOUNT. To insurance, £33 19s 4d; interest, £67 16s lOd; honorariums, £15; audit fee?, £14 4s; rates and taxes, £28 12s 2d; advertising, £7 12s 6di bad debts, £45 11s 9d; depreciation on bnildings, £57 16s 6d-, depreciation on plant, tl4 2s Id*? balance, £194 0s 6i. Total, £567 6s Bd. By balance. Ist November, 1900, £161 139 4d; good*, £13 9i 6d; butter, £297 11s 6d; rent, £94 11s 4d. Total, £567 5s Bd. GOODS DEPARTMENT. To goods on hand Ist November, 1900, ■ £"8684 15s lid; purchases, £6250 12s Id; trade expenses, 140 18s 7d; wages, salaries and management (including commission" on drapery sales), £376 4s 3d; profit and. loss, £13 9s 6d. iotal, £10466 0s 4d. By goods sold, less returns, ££460 14s 8d; goods on hand 30th April, 1901, £3939, 8s 7d; discount, £65 17s Id. Total, £10466 0s 4d. BUTTER DEPARTMENT. To butter on hand Ist November, 1900, £2800 18 3 lOd ; purchases, L 19.769 Is lid; management salaries and wages, £208 12s; profit and loss account, £297 11s 6d. Total. £23,076 4 4s 3d. By sales, -£18,037 14s sd; commissison, £243 13s sd; butter on hand-and consignment 30th April, 1901,|£4,794 16s sd. Total, £23,076 4s 3d. The report was adopted. Mr JBond was re-elected a director, and Mr D. McAllum was elected auditor.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TH19010727.2.9
Bibliographic details
Taranaki Herald, Volume XLIX, Issue 11725, 27 July 1901, Page 2
Word Count
626New Plymouth Co-operative Society. Taranaki Herald, Volume XLIX, Issue 11725, 27 July 1901, Page 2
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.