HA WKE'S BAY FARMERS ' ASSOCIATION.
(By Tuiß&safh) ' NAPIER, Junk 80. At tho second annual meetiog of the i Farmers 1 Co-operative Association tho direo- i Lors' report showed that tho net profit was I £1416 2* Bi, equal to 30 per cent, on the 1 paid-up capital. It was thus apportioned— : % dividend of 7 per cent, was paid on capital, i i2\ per oent bonus on purohaies by shareholders, a l?fc per oont. bonus on shareholders' commission accounts, and 10 per cent, oarried ; bo the reservo fund and tha balance after payment of stock-takers' and auditors' fees, i md a bonus of 5 per cent, to the staff, i carried forward to the new account. " I
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Bibliographic details
Timaru Herald, Volume LV, Issue 5712, 1 July 1893, Page 3
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116HAWKE'S BAY FARMERS' ASSOCIATION. Timaru Herald, Volume LV, Issue 5712, 1 July 1893, Page 3
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