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"I THE LIHOOLH EQUITABLE CO-OPERATIVE IEUUSTRIAL SOCIETV, LID. )l»g
+EPOPT R STATEMENT OI- ACCOUr rITSFor fhe f45th Quarter ended January 5th, 1888.
II I (
H
|tH
~H
4
SUB-CENTRAL, HIGH STREET MILI AND BAKERY, 1VATERSIDE NORTH
8I,PPq gU T SU @@.» UNION IH STRENGTH. "
XinCaln El.-qiriiablt Ka-LTperaiibr j?thu~iii~l ~«~~&TT. &&&"ESTABLISHED 1861.
ed«tered undex' the industrial and Provident Societies'i s' Act 1893.
OBdECTS OF THE SOCIETY.—First, it Provides its Members and the General Public vfith Bread, Flour, Grooery, Provisiousv
Drapery, Clothing, Boots and Shoes, Butohers' Meat, Coals, Crockery, Hardvfarc, Furniture, inc.
Seoond, it seeks the Domestic, Sooial, and Intellectual advancement of its Members.
Annual Business. over Z185,000. Number of Members, 8,878. Share Capital, $105;024 5s. lid.Loan Capitah $20,142 16s. 7d. Reserve Fund, Z6,440 7s. 3hd.
Bankers: THE LINCOLN AND LINDSEY BANKING CONPANY, LIMITED, nnd the CO-OPERATIYE WHOLESALE SOCIETY, LlmTED.
THE REPORT AHO RALAHCE SHEET FOR THE 145th QUARTER,ENDED JANUARY 5th, 1898.
Grocery. Drapery. Scorn d Sbcec. TaSoriag. Furnishing
$9,700 kt,900 B500 B520 B500
B176 B144 B336 B238 B62
Purchases from the Co-operative Wholesale Society. ..from other Co-operative Sources
Value of Goods produced sud grown by this Societyanimals Slaughtered during the Quarter: —Beasts, 107; Sheep snd Lambs, 305; Pigs, 247; Total 662.
Totah
&3,120
B951$9,147
s bfETHRBINGBdhf.
7 „GREAT NORTHEBN TEBBLCE, LINCOLN
8 „84XILBY.9 „8dGGHOLhfE ROSD, LINCOLN.
Central Stores and OIHccs:—SILVERNc. 1 Bnmch —BRdCEBBIDGE.
BUBTON BOdD, LINCOLN.
SH4KESPEsBR STREET, LINCOLN.
RIPON STBEET, LINCOLN.
WELBOURN.
STREET dt FREESCHOOL LANE, LINCOLN.Nc. 1C Branch —NEWLdND STBERT WEST, LINCOLN.
11 „BdBDNEY.li „NORTH STREET, HOBNCdSTLE.
le „SOUTH STBRET, SLEdFOBD.
14 „HIGH 8TREET, LINCOLN.
lg „QUEEN 8TBRET, bidBKET BdSRN.16,. 8488INGHdH.
17 „BEEPHdhL
BUTCHERY BRANCHES:Nc. 1, BIPON STREET; No. 2, GBESEdE STBRET; Nc. S, BUBTON BOdD; Nc. 4, HIGH STREET; Nc. g, BdGGHOLEE ROSD.
The QUARTERLY MEETING will be held in the DRILL HALL, Broadgate, on MONDAY EVENING, FEB. 1th, 189B.THE CHBIH WILL BE TBKEIV BY THE PBESIDEIVT, RT HBLIr-PEST SEVEPI O' CLOCK.
NONE BUT MEMBERS %ILL BE ADMITTED.PROGRAMME OB' BUSIHESS.
1. RUuulcc of lacl Qaartcrly Hccuug aud of lacl Special General tfecung.demission of Nca ifcxabers.
Bcparf and Balance Sheet.
4. Employees annual Oaliug.
6. 8abecriplicu lo Eablelhoxpc Ccnvalccccai Home.prapcsffcm from ifclhcriughcm Brcach Qasrhaly Realms: —"That rheIiembcrc of the ifcthcxiagham Branch Ccmmirrcc xeccivc BaiLfcrs asdOuucf-pcchci Expenses fcr allcadiug Buciaccc hfcctiugv, aud lhst lhcSecretary receive a Salary of One Pseud pcr dnaumia
Pmpceillau by Hr. 8. Oldershsvv: —"Thai ibe Society's dcecuufs beaudited m farms by s Pebnc audible. "Ncannsiion fcr auditor in place cf Er. Gec. Richurdsim aho resignsfhfeagh Mlisd health.
S. Ncminalicnc for Rducalicual Ccmmlilcc.
Rlcclica of Five Committee-mcn sml sa dudffcr.
11. day olhcr Business
VOTING PIPERS will be given out at the Entrance tc the Drill Hall, Broadgate.Hours of Voting, from 7 to 9 p.m,
COMMITTEE OF MANAGEMENTMr. Wlf. HEWSON, President .. .. 26Mr. WM. COULSON, Treasurer .. .. 24bfa DUNCAN McINNES, Secretary .. 26
'Mr. W. B. HOWARD .. .. .. .. 26
Mr. J. W. CODLING ..Mr. GEO. 8HARPE
*Mr. 2L SMALLER'tfr. WM. TURNER
2626
26
24
~Mr. ROBERT FI8HERtfr. J. BROADBKRRYMr. FRANK SWABY
26
2626
Auorrous —Mr. GEORGE RICHARDSON, Mr. JAS. OBANQE, bfr. J. B. BENDER. Caeursu —Mr. FRED STEPHENSON."Retirlug lfembere, each eligible fcr re-election. 26 Committee bfeetlugs have been held during the quarter.
The Csudidatea nominated sre:—Allis, Charles; Brosdberry, Jomph; Bye, 'HaehsbMh; Cbeethsm, Tom; Cook, John Edward; Cotton, WiUiam; FisherRobert; Hodgett, Sarah Jsue; Howard, William B. ; Mswer, George F. ; pickeriug, Charles; Rosllug, George; SmaUer, tfowbrsy; Turusr, William l WorthMembers must not vote for more than FIVE Csudldatee.
Candidates nominated for Auditor sre:—Anustroug, WSllsm P. ; Lsmlug, Frank; Orange, James. Membem must not vote for more then ONE Candidate.
Votes must bc given by msklug a X opposite to the names of the csndldstee selected for support, Each member must show hie or her Pass Card to obtain svoting paper from the person who gives them out. The hours of yotlug are from eaves till nine p.m. , on Monday, February 7th, 1626.
BUUTs
BUTCHERY
Burr. oruoe
Coao
DEPARTMENTALMessrs. COULSON, CODLING d SHABPE.Meeere. HOWARD, SHARPE dr BBOADBERRY.Messrs. CODLINQ, SMALLER A HEWSON.Messrs. HOWARD, CODLINQ A FISHER.
COMMITTEES.Dsaesur ct Tarromue .. bfeeers. FI8HER, TURNER r% SWABY.Fraauos .. .. .. .. bfessre. McINNES, COULSON a HOWARD.GRocsav .. .. .. . . Messrs. SbfALLEB, HSWSON n BBOADBEBBY.Boaozao A Lrrs STocs. . Meeere. SbfALLER, HEWSON A SHASPE.
COMMITTEE'S REPORTTo THE MEEBERsr
We beg to submit to you the 145th Quarterly Report snd Balance Sheet. The Total Receipts for Goods sold duringthe Quarter is 846,842 14s. 9@., being sn increase of 81,258 12s. Sd. over last Quarter. The net profit on the Quarter'sbusiness, including $118 lls. 2d. brought forward from last Quarter, is $5,217 lls. 8+., which sum will allow 81,861 lls. Sd.as Interest, 83,880 8s. 4d. ss Dividend, being 1s, 7d. in the B on Members' Purchases, snd $21 19s. 4d. being 8d. inthe 8 on Purchases of Non-Members; 8179 5s. 6d. being 2$ per cent. per annum for Depreciation of Branch and CottageProperty; B186 26. Od. being 10 per cent. Depreciation of Fixed Stock; Z58 18s. Od. being 5 per cent. Depreciation ofMilling Plant; A58 for Educational Purposes, and $21 lls. I+d. carried forward to next Quarter. 166 Persons havejoined the Society within the Quarter, 126 have withdrawn, and 18 forfeited ss per rule, making the present number8878, being an increase of 22 over last Quarter.
Pressing necessity for extensions of business premises exists st Horncastle snd Slesford, where no further progress csn be hopedfor unless more room is afforded. We sre glad to report that the trade st Sleaford Branch, under the new manager, shows nodecrease, and that he hss the support of the local committee snd members.
Attention is directed to the Society's output of Bread for last Quarter, amounting to 396 tons. This quantity, althoughconsiderable, might be greatly increased, to the Society's advantage, by every bfember in the city determining to buy bread from theSociety'6 bakery only, where fair wages are paid and shozter hours worked than in sny other bakery in the city. The bread isproduced under cleanly conditions, kneaded bp machinery, snd baked in ovens of the most appzoved design, in which no sulphur orgases from consumption of fuel csn possibly come into contact with the bread.
The Industrial and Provident Societies' Act, 1898, accords to members of Co-operative Societies the privilege of nominating on aprescribed form, for a fee of threepence, any person to whom their Share Capital up to 8100 shall be paid at their death. Nomins-tions may be made at any time during ofhce hours. Members who have not already made s nomination sre earnestly requested to doso to save trouble and expense to their friends should they die without making a will.
Trade at Ripon Street Branch hss increased by 228 over the corresponding quarter of Isst pear, which contained 14 weeks, andby X69 over the preceding quarter, a result directly traceable to increased shop room afforded during the latter part of the quarter bythe recent structural alterations.
The trade of the Sub-Central Stores, High-street, exclusive of the Butchery Branch, amounted to 82,982 last quarter. Com-pared with the corresponding 14 weelrs' quarter of last year the sales show an increase of 860, with one week less to do business in.Close upon twelve tons of artistic, useful, and cheap Wall-paper hss been bought;snd stocked st High-street in anticipation of the season' sdemand, based upon the actual sales last season. The new yoinery snd Cabinet-making Workshbps and Wood Stores st the rear ofthe Sub-Central are being fitted with s Gas Engine aud Wood-working Machinery, and workmen will shortly be shifted into them fromthe old shops in Freeschool-lane. Work is begun upon 18 dwelling-houses in Wfnn-street, Monks-road. Our worlunen aze at presentbusily engaged on fixtures and fittings for the New Stores st Market Rssen. Joinery and Cabinet-making work, Painting, Distemper-ing, Paperhanging and Decorating are undertaken for Members by the Society. Ordezs can be given in at the Sub-Central Stores, ortransmitted from the Central Stores by telephone. Members sre requested to confine all their trade to the Society in these branchesof work.
A change of Manager st Metheringhsm, arising from our determination to curtail the credit trading there, has occasioned sdecline in the receipts, which we were quite prepared to witness, our desire being for less trade on sounder lines than those pursuedduring the last three years. We bespeak for our efforts the cordial support of all Members who believe in Co-operative principles beingadhered to, to the fullest extent possible, in sll the Society'6 places of business.
All Members are invited to attend the Annual Festival in the Corn Exchange, on Batuzday, Feb. 5th. Mr. F. Maddfson, M.psnd Mr. . T. Killon, Co-operative Wholesale Society, have been invited ss speakers. The Leeds Prize Choir, who sang last yearresponsible f6r the musical programme. The universal verdict upon their last year'6 performance was that no such perfectly-balancedor well-trained choir hsd ever beeu heard befo're in Lfncoht. We advise Members to attend earlp in order to Secure comfoztsble seats.Last year it will be remembered the hall wss filltuh
4 - F]NANQIAL 8TATEMENT from October 7th, 1897, to a I'o Jaguar 5th, 1898Cr.
2 s d X e
"ai$;::-," -;"":.":-rs.' .-2 ' 10 '4
v cad
v
No. 18 o .........~ 9. 14 11,.No. 16 „.......... 615 6No. 16 „.......... 8 12 0
I „Deposited in Pmvident Clah ........ .......... ..., ........ 110 7 00 BepaymentnkomHoaeepmebesers —Hcmbere? Properlydaeomrt 1,805 11 Il v
*
„Hates Keep. ............""~""..".~" - """"~ ~ ""„Non~bem' Dividend on Atggl at gd. in the 8„kdditiens to Hembers' Pmperty kseonnt. ... ..,.. ...........„Edaeettrnal Gm'at
0 V gk'r232 87828 7 4
4,008 0 -4 &57 3 0 P
6:=.:, 8jgr
1
v tip?~scanned Street ."...,,....."..*..... 21 V 0 ~ r .'?I.~r ~
', .... ...„„.~ „,...'„... 170 9 8 0.Taimers' Lans nad High Stmet .......... I'I 'I 9 '. SteirtttmrtybitdMvbrthemrgr .".:.;..:.... '
63tgnoS Terrace ......~ ~.................. 87 16 0 „Posinge Stamps'sml Cbegae Bobtrr. ............. 24 10 9Horneastle ........~........."........ I 5 0 ~ ~ ~ ~ ~ .~ ~ ~ ~ ~ .~" ~ .~ ~.~ .~ ""'"«~...., 220 10 6John gtrerg ......... ...~ .~ ....... .... 7 16 0 „Bates and Tame. ~ .~ ~ ~ ~...~. .....~ ............ 165 9 4 &Bsgghohaelhmd ........."..;.......... 6 19 9 „Gas .......................;................ 192 10 9Hetheringbsm ...., ... ... ............... 3 15 0 „Wsier .................... ...... ............ 43 2 6150 5 6 5 „Delegates' Expenses .............. . ........... 6 15 10atranoe Fees .........~ ~ ..~ .."~. ....~ ~ ................ 8 2 0(, „Travelling Expenses .................... ...... 2 14 2rassler Fees. ................~............"............ I 3- 0)/i „Bsnb Commission (lese Interest). ... ........... . 66 ll 7omiostion Fees ............. ........... ................ 0 5 9 i „Smwcsrrrnws rle oi Boles. Cards, snd Cash ttoobs ...................... 4 12 9 c
j „Co-operslive Union. ........... ............ .... 5 0 0 ), interest and Dividend —Co-op. Prtnung Society .............. 3 0 9) i „No. 9 District Nidlsnd Section Co-operative Union I 10 0:Linooln Corporsgon Stock ......., ................ 86 5 0, i „Liacoln Coanty Hospital .... .................. 6 5 0 ?Bobeykpo. 'eDebentmcs. ....................., . .. 24 13 0i ' „LinoolaGeoerslDispensary. .................., 2 2 0Boston, Proctor 0 Co.'v Debentmm ................ 26 14 I,~
„bbrblerborpe Convalescent Home. ............... 5 5 0Cowpcrattve Whobnale Society. ......... 54 12 8 „Woodbsll Sps Cottage Hospital .. . ............ 2 2 0cnd 165 9997 3 0
220 I 9~- I „Caeb in Liacola and Lindeey Bsnb. ............. 22 7 4, pntng to Co-opersi ve Wholesale Society's Bash .."..."... 2850 12 I „„Band ......., ........................ 67 8 10
"'rk444"'-f "-~br k'1 neo'k~kI "'-' ' -""' "-. . : ""'- = .. —.-'- -- - r -" '. —eXS44+ktsg 8
Dr. SHARE
To Withdrswsle„Forfeits on Withdrawals, deducted from Fixed Stoch„123Deposits to Building Account, at 5s. each. . ....„„Fines„Allowed for Interest aod Dividend, but not required ..„Present Claim of Sfembers
Account. . 8,154ID806
85105(,024
CAPITAL ACCOUNT.
s d14 9 By Capital ae per last Balance Sheet12 4
i„ Interest on 144th Quarter
15 0 „Dividend on 144th do.10 9 '
„Contributions .8 106 11
s 4105,892 12 8
1,090 0 08,825 0 08, 506 14 ll
Dr.
To Withdrawals .„Present Claims
$118,814 7 7
LOAN CAPITAL ACCOUNT
s d1,548 16 9
20,142 16 7
$21,691 18 4
By Loans se per last Balanoe Sheet .. .„Interest as per last Balance Sheet„Oontnbunons
FIXED, ROLLING, AND LIVE STOCK ACCOUNT.
6113,814 7 7
Gr.e
.. '10,1Sh 18 418? 14 11
1,319 0 I221,691 18 4
Previous Additions Additions by Sooiety'e Total Depreciation AUowed by last From Sale of Live sudCost. this hlusrter. own Worhmea. Cost. previously allowed. Balance Sheet. Fees, (So. Fixed Stock.s d 6 s d 2 s d 6 e d 2 s d, 6 s 4 3 ~ d 0 s d18,405 9 10 189 14 4 188 0 8 18,78S 4 5 8,180 0 11 180 13 0 28 18 10 0 0 0
Total BalanceDepreciation. No)sinai Value.
s d 2 s 68339 7 0 5448 16 8
MILLING PLANT ACCOUNT.
PreviousCosh'.
A s d6,860 19 6
Additionsthis Quarter.
s0 0 0
TotalCost.
s6,860 19 6
Depreciationpreviously aUowed.
s d2,117 0 6
AUowed by lastBslanee Sheet.
s d59 ll 0
TotalDepreciation.
s 42.176 6 6
BalanceNo)ninal Value.
5 ~ d4,684 18 0
Dr RESERVE FUND. Cr.2 s 6
To Subscription to Engineers' snd Allied Trades' Loolr-out Pand .. 50 0 0„Balance 6,440 7 SI
$6,490 7 8$
By Balance ss per lash Balanoe Sheet .... . . . . .. .... . .„ Interest fmm Lincoln Corporation Stock .. .. .... . .Ruston, Proctor(8 Co. 's Debentures . .Robey (2 Oo. 's Debentures
s 66,402 15 2$
86 5 026 14 I24 13 0
26,490 7
Dr MEMBERS' PROPERTY ACCOUNT. Cr.6 s d
To Amount advanced on Property ss per lash Bslsnoe Sheet. . .... .. 21,804 4 8 By Repayments ss per Cash Account„Advanced this hdusrter. 4,0M 0 4 „Less In(crest
Balanoe owing to Society
$25,807 4 7
s d B s d1,005 11 11
251 19 4753 12 7
25,053 12 0
$25,807 4 7
Dr. LAND AND BUILDINGS ACCOUNT. Cr.
Property.
Central Stores ........Bracebridge ..........NewportShs)mapesre Street. ...Ripon Street. .........We)bourn ...Metheringham. .......Gt Northern Tmrsm ..Saxilby .......... ....Bsggholme Bead ......Newlsnd Street West. .BsrdneyHorncaetle. ...........Sleaford. ..... .... . . ..High Street ..........bfsrhet Bassa .. ......Bassingham .. ........Free School LaneGss Street. ...........Waterside North ......Sincil Terrene ........Kesheven S)restNorth Hyheham (Farm)Chelmsford BtreetGresham StreetSincil Bach .yohn Street ........ ..Winn Shush. .........
Previous
23,174639961698
1,1941,7641,708
905819
1,851559
1,0901,2402,840
IO.OVO
9751,839
598276
16.0741,236
5641,8801,142
8882 908
506900
Additions bySociety's own
Worh men.4 s d
104 8 0
Additionsthis
Quarter.s d
Coshs d
19 5I 9
11 V
17 62 6
14 911 05 118 6
16 018 110 116 66 7
15 50 05 6
16 04 11
18 915 918 I17 318 618 016 100 00 0
018 612 7 0
216 0 6
4417 838 4 0
91 10 6 508 6 9
218 18 91,100 D 0
1818 6
Total Cost.s d
23,279 2 5639 1 9961 11 V
698 17 61,289 18 31,815 5 91,919 11 6
905 5 11819 3 6
1,851 16 D
559 13 111,684 18 21240 6 62,840 6 7
10,289 92,075 0 01(889 5 6
598 16 0276 4 11
16,074 13 91,236 16 9
564 13 I1,880 17 31,142 18 6
888 18 02,908 16 10
500 D 0918 18 6
Deppreviousl
33,868
175266187883325889207194226155IN192450SN
715716878
1,19638791
21515189
295(4
0
reciationy allowed.
(1 (I8 10 870 0
16 105 99 02 11
16 67 0
16 1115 911 610 71:5 74 0
14 60 0I 11
19 60 9I I
12 88 64 09 107 00 0
AUowedlast Quarter.
s d15 10 0218 04 6 03 4 05 7 8818 6810 64 7 6818 07 I 0210 6617 261) o
14 19 025 0 06 1 07 8 0
14 01 5 0
16 5 0518 08 0 0
10 8 66 5 0117 0
16 7 08 I 6
TotalDepreciation
2 s d8,378 13 1
177 18 8270 13 7190 4 0389 4 0(
834 4 3847 19 6211 10 5198 14 6232 8 0168 4 516') 12 ll199 2 6465 !) 7376 13 7
13 5 0166 2 6170 14 079 6 11
1,212 4 6842 18 994 1 I
226 0 9157 13 641 I 0
Sll 16 1012 8 6
PresentNominal Value.
s 619900 9 4
461 ') 6690 18 0508 13 6900 13 9
1,461 1 61,571 12 0
693 15& 6620 9 0
1,119 8 0401 9 6
),524 (5
1,041 4 026?4 I? 09,912 15 7'2, 061 16 01174 3 0
428 2 0196 18 0
14,862 9 8894 2 0470 12 0
1,654 16 6985 0 0292 12 0
2,597 0 0487 11 6918 18 6
$77,740 16 10 BI,658 8 9 B690 11 0 B80,064 16 7 $9,669 IV 7 EI98 8 10 29,866 I
Dr. PROPOBE D DIBPOBAL OF PROFIT. Cr.s d 8 e
1,060 0 0184 18105 10 211 3 3
1,361 11 83380 8 4
21 19 4
179 5 6186 2 05813 0
Educational Grant, ]I per cent. of Net Trade P«Ri . .Csrrisd forward .
874 0 658 0 021 11 10)
26,217 11
To Interest on Share Capital„ Interest on Loan Capital. . .... , .... . .„ Interest on Penny Bank Deposits . . ...„ Interest on Branch lfansgere' Bonds .„Dividend on $42,700 at ]/7 in the 2 . . .. .... .... ..
I'„Non-Membere' Dividend on 2652 at Bd. in the 2„24 per cent. Depreciation of Branch and Cottage
Property» 10 per sent. Depreciation of Fixed Stock ..........„5per cent. Depreciation of M]]]ing Plant. ....... . .
s 4 8 s 4By Balance fmm pr fit and Lose Ao«unt
from ]set Quarter ...... ...... . . ... . . . 28 2 4» amount a]lowe] ]set quarter for Interest and
Diridend but not required . .... ...... .... 65 8 10118 11 2
Audited sod foaud correct, January 26th, 1828.JA5]EB ORANGE,J. B. RENDER. Auditors,W. P. ARMSTRONG, pre .tern. , J
$5,2]7 11 8$
Dr.
To Stock in Hand, December 31st, 1896.. .„Pigs purchased„Pig Meal, &kc.„Seeds„Labour. .„Horse Keep, Btraw, Coke, Coals, iko. .. .„Rates and Tsxec. .» Balance
81353826718
2o796
8128
s d15 112 0
]2 00 5
12 54 6
15 38 10
By Qarden Produce„Pigs sold. .» ifsnme» BkOk in Hand, December 31st, 1897
NORTH HYEEHAM FARbl ACCOUNT. Cr.e
405 5 8768 18 0
110 0418 18 1
g]&594 11 4 21,594 ]1 4
Dr.
To Stock in Hand, December 31st, 1896 .„Pigs pmchased.» Pig Meal, Nc.„Seeds .„Labour„Horse Keep, Straw, Coals, ho. .„Rent„Rates snd Taxes„Balance
GREGG
846100187
016267
1006
96
HALL FARM ACCOUNT'
s Il14 2
8 016 97 62 6
17 00 04 7
19 1
By Bay, Clover, snd Seed.» Wheat. .„Qsrden Produce and Poultry cold .. ...„Maaure„Pigs sold. .. . .„Btook in Hand, December 81st, 1897
C r.s d
160 4 03815 5
282 Bi Bi
0 4 0205 17880 2 0
$],0]7 9 6
EDUCE.TIONSL COMMITTEEMre. If. A. DRING, President .. . . ..... ... 8 Mr] W. LOVATT .. .... .... .. . . .. . . .. .. . . 9 'Mre. J. BALLMr. G. BACON, Treasurer ..... . .... . ... .. 8 ~ Mr. G. BECK............ ...... . . . .. . . . . 9 Mr. J. MOORE .. . . .. . . .ifr. E. H, THOMPSON, Seoretary ........ 9 ']Ere. S.J. HODQETT ..... ... ... ~ . ~. . ... . 9 Mr. D. WORTH
'Mr. C. TBEAVETT. . .... . . . . ... . .. ...... 8 'Mr. A. E. BIZELAND ... .... ."...... ... . 0
The Rguree after tbe names indicate tbe Number oi Meetings attended, 9 having been held.' Retiring Members, each eligible for m-election, with the exception of ifr. Bise]anil, who does not seek re-election.
B].017 9 0
7i
To Balance forward» Quarter]y Grant„Quarterly Sale of Papete„Cards, Catalogues, and Pines
EDUCATIONAL DEPARTlfENT.
INCOIKE.
S~J. HODGETT, ]A&id]terr
GEO. E BECK,
2 e d4 0 0
57 8 01 13 11$2 10
EXPENDITURE.By New Books .......... . . ......
» Newspapers, hfsgssines, Ac.„Librarian'e Sa]ary» Cleaning„Printing Account„Junior Singing Classes„Adult gmging Clsssee„Boys' sud Girls' Qymnaeium C]asses„Grstaity to Treasurer„Delegates' Expenses ..„Lectures„Seoretsry's Gtstaity . .„Concert„Extending
Secrct~ s Postage„Subeoription to the North Midland Library Aeeociation„Plower Show Puoil„Balance forwmd
Cr.s d
113 812 2 10815 01 7 6114 04 2 8114 7318 6
10 0 00 9 9316 65 0 D
3 5 0010 60 2 70 4 0
O 0110 5
The QDKRTERLY MEETING will be hald in the SCHOOLROOM, KELBOURN& on FRIDAY, FEB. 4tlr, at 7 P.m. RePreeentstive, &Mr. HEWSON.
%'el'~ Branch Comurittca —Mr. B. Gsdd, Navenby, Chairman; Mr. J. Qrsy, Leadenham, Secretary: bir. J. Sharps, kfr. W. Banning, lfr.We]bourn; ]rir. T. Codd, Csythorpe; hfr. Hy. Codd, We]lingore; Mr. L W. Holmes, Navenby; hfr. J. P]st]ere, Bootbby; Mr. I). B. Ab]awhile, Co]cby;Mr. J. Smith, Hsrmcton; Mr. T. Sco]Sns, Norman]on; Mr, Edwin Caid, Pu]b«]c
The Quarterly Meeting will be held in thc School-mom& DIGBY, on FRIDAY, FRB. 4th, at 7 P.m Representative, Mr. COCLSON
Kcthcnnghsm Braash Committea —ECr. WiBism Be]dock, Metherin&hsm, Chairman; Mr. E]i]sb Reyno]de. Metheringbam. B«retsry; Mr. W]]]]sm k]sB crelfetheringhsm; Mr. Arthur Lake, Metheringbam; ifr. Geirge Ad«ok& Digby; lfr. Arthur Wilson, Dunston; Mr. Charles Bailey, Scopwick; iMr John M~'Metheringham; Mr. Char]ee Baamber, Bcopwick; hfr. Richaril Taylor, Blsakney.
Bardney Bmnch Committee —Mr. G. Mille, Bsrdoey, Chsinnsn; 3B. B. Gibbons, Bardney, Secret~; Mr. H. Psrkee, Mr. G. Msddison, ifr. T. Watilon Mr WCotton, Bsrdney; Mr. T. Simpson, Southrey.
The Quarterly Ksatiag will be held in the Committee Boom, Branch Stores& Slesford, on Thursday, PEB. 3rd, at 7 p.m. Representative, Mm BHARPP
Slcaford Branch Co~Mes —~.P. ~t, Sh~gord, Ch~u; Xr. J.Rudkin, S]esford, Sacr tarv; Mr. J. Claitou, '&Vil]oogbby; Mr. T. Newton, SwarbyGmnadell, Mr. W. At]dn, Mr. E, Dkdrinson, Mr. W. Mottrsm, snd hfr. L. Wsiner, Sleaford; k]r. W. Garwe]l, Puekingtoo.
The Quarterly Ksstiag wiB be haM iu tho Club Bm "George" hub Market Bassa, on Friday, PEB. 4th, at 7-45 p.m. Repreeeotsnve, kir. CODLING
Market Raaan Branch Committtsa —lb. J.W. Baehby, Mar]tet Raeen, Chairman; hfr. J.Pickwei], Secretary; Mr. W. Caney, Mr. B.Phnthsm Mr Joe Pennlfr. A. King, Mr. C. Sharps, Mr. F. IngSby& Mr. John T. Doase, lfsrket Rseen; Mr. Geo. 57atkinson, bfr. Jae. Cooke, Buslingthorpe; bfr. S. CordeB, Wa]csby
The Quarterly Meeting will be hsM in the Ksreho &~uc Storeb Bassingham, on Friday, FEB.4th, at 7 p.m. Representative, htr. SWART.
lhwlughsm Smpoh Canamit4e Mr. W. Woodhesd, Bssslogam, Chahmsn; le. J. Taylor, k]r. J. Brown, lfr. J. Heatoa, Mr. B. Qoodwin, Mr. J.; hfr. p. Tsy]cr& Mr. J.MarshsS, Carihm-]s-Moor]snd; ifr. L Reynolds, Auboum; blr. E. Peacock, Norton; iiir. J. Hal]sm, MsrB&oroi.
FfJL', +Ilgwu, IPI1T 41', IT-I'IPCVAITQLa Kii BAUf CL hJ 1kLOL 6.
SERIES No. S4.
HE end of another year is s fitting time to review our position,gto see if we have advanced, or fsUen behind, or stood stilLLast year wse one in which great variations occurred in theprices of some articles in constant demand. fit one periodthere wss, between coat and seUing prices, a margin so emsU
4hs4 the dividends of most co-operafive eooietiee, including theCo-operstiue Wholesale, were very considerably lessened. Early in4he year 4here wss great activity among company promoters,establishing in many of the larger towns, including London, concernsdealing in provhdone on lines similar to co-operative stores. Manyof these have no4 hated the year out, and shareholders in them havelost their money. In our own city competition of this ehsrseter haebeen keen, bnt tbe result hss not been s diminution of co-operativetrading. On-the contrary, the Stores sre more firmlyeetablishedthan ever, snd this, doubtless, is because they affor the working-classgreater advantages than those given by the ordinary trader oz themodern trading company. When working-class co-operative societieewere first established they oompeted only with small shops in backstreets and neither members nor committees dreamt of being pittedsgsins4 the grand shops in leading thoroughfares. Indeed, they oftenbought goods wholesale st such shops. Now, however, the working-clsss Store is expected, to be up to date in aU respects, to be able toseU at the same prices as the "supply
" or "company Storesor providers, " and to pay a good dividend snd interest on sharecapital besides. It is ueoessary to observe that only loyal trading onthe part of members snd constant watchfulness over working expensesby msnagiug committees csn secure tbie end. Enticements of everykind sze extended to lure the members of our societies kerntheir own stores. In s neighbouring large town, a private business,conducted in imitation of s genuine co-operstive store started a fewyeazs sgo to make some of ite principal employeee, profit sharers.fiftezwsrds, the practice of giving dividend to purchasers wss adopted,and aunui4iee even were guaranteed to sU who left their dividendsin 4he funds of the concern. Working on these lines, the companydeluded several leading ce-operators st a distance into believing in itegood fsithsnd oo-operative spirit, The members of the local co-operative society, however. were not eo easily deceived. From thefizst they put these so-caUed eo-operative fea4uree down ss merelydodges to secure trade. As tbe oompsny hae recently discontinuedpsyiug dividends on purchases, the local oo-operator's estimate of itis at lsng4h-j uskified.
For thc greater part of lss4 year our Society wss able 4o makegumta on mortgage to sid members to become their own landlords,and it has purchased, in the vicinity of Monks Road, land ou which tobuM twenty-two houses, which may be held by the Society ss land-lord or sold 'on '
the hire-purchase system, thus meeting the demandsof those members who desire to buy and of those who prefer simply torent houses fmm the Society.
The course tsten at a General Meeting early in the year, ofIoweriug the interest upon capital hss not caused the withdrawal ofany large amount from 4he Society. It hss done good in severalrespects, besides that of lessening the amount payable se interest, forinstance, tbe publication of the pzoporiion of capital 'held per head byeecMone of the members shows that the majority do not leave sutfieientmoney in thc Society to enable their proporhon of the business to beconducted, Were it not for s minority who do, we should have toborrow money from outride capitalists at s higher rs4e of interest thanis paid to our own investing members. Disclosures like tbie sze useful
pzeventiugor confuting 'plausible theozising on the pazt of somemembens Xt.is well to zemember that in concerns like ouzs, thosewho 'zbdz" Bttfe have ss much power to do good or harm se thosewhoee all, whose savings of a lifetime even, maybe at stake. It isthe duty of every member of sn equitable society to have capi4sl~~~~gh in i4- for his own trade. The French, Belgian, sud DutchCo-operative Consumer's SocieBes scours this, and no more, kome~ one ss u'condition of membership.
Needful extensions of business premises have been completed stBsrdney, st considerable expenditure of capital, making that impoz-
tsnt braueh complete snd self-contained. EquaUy pressing necessity
for moze accommodation exists st Horncsetle, snd in s lees degree stSlesford also; while st Market Rasen tbe neer expiration of the lease
of very unsuitable snd inadequate premieee hss necessitated thebuilding of s new store with bakery, stabling, and manager's house.
There is no doubt about this being a venturesome step, which increas-
ing tzade alone csn justify. The responeibility for taking it however
hss been thrust upon the Committee by circumstances beyond theircontrol, snd they sre therefore entitled to the steadfast support ofevery loyal member, because tbe proposal to help Market BaeenCo-operators in their extremity five yeare sgo, by opening s branchof our Soeie4y there, when theirs wae liquidated, wds carried unani-
mously at s quarterly mee4ing. For s couple of years after thebranch wae opened little good was done, but with the advent of Mr.PiekweB ae manager, an ers of prosperity began which it is hopedand believed will contiuue. fie trade is steadily increasing, snd thelocal committee are ae loyal and helpful ae it is possible foz sny bodyof men to be, the new stores will start under favourable conditions, butthe undertaking is s large one nevertheless, in s dietriot where wagessre low, population not great, and agriculture the only industry.
fi.t the Metheringhsm Branch the resignation of the late manageraroused considerable dissatisfaction among the lccal committee sndmembers. fin impression appeared, to pzevail that the resignationought not to have been accepted by the Committee of Managementwithout tbe matter being referred to the losel members. Some dimi-nution cf trade hss resulted kom tbe change of management, lastquarter's receipts being considerably lower than those of tbe preced-ing quarters of the year under the former manager. This, however,is a matter whish concerns some of the local members who demandcredit, which the Society is not prepared to give, more oloeely thananybody else. The Society- did not go to Methezingham withoutbeing invited. .On the contrary, s branch was established there inresponse to the repeated eolicitatione of the working-class. Whenthis wes done local tmders st once lowered prioes snd gave discountsnnkuown befoze. For this the wozking-class who had sufFered mostkom the previous high prices thanked the Society publicly, privately,snd repeatedly, snd were loyal to it. They have dzawn hundreds ofpounds out of i4, snd have thouasuds of poufids left ln it to-day, TheSociety hse bridged over many ditficultics foz' the Metheringhammembers. Last year they put into it ggfi7, snd toot out of it $1,069,snd eo i4 hss been in greater or less degree ever since the branch wssestablished. The assertion that co-operaMon relies for ite existencesolely upon ite own merits, to s greater degree in sn agriculturalvifisge than anywhere else, cannot very well be questioned. fisnobody has ever gone the length of asserting that tbe local memberswould sacrifice anything for the sate of sentiment, there is littlefear of the Store losing ite hold of the ready-money members. Ourfuture course s4 Metheringhsm is plain, we must aUow those mem-bers who constantly demand eredi4, to fall out of the ranks; theremay no4, then be so large a ba4talion bu4 the march will be smarter.
The establishment and suocessful woriung of a Clothing Club bythe Women's Guild has r'esulted in s Provident Club beiug formedembracing the whole of the ares. covered by tbe Society. fi begin-ning wse made last October„snd st tbe end of the year no fewer thans thonsand depositors hsd been enraged. The advantages given bythe Club are such se cannot be obtained elsewhere. Members srestiU joining in large numbers. Twenty years sgo the forms4ion of sclub of this hnd wse advocated at s General Meeting, but 4he pro-posal did not receivu suglcieut support to justify'ouc benig established.There is reason to believe that tbe Society hs's sacrificed considerabletrade for years by uct'1iaviug a Clothing or Provident Club; fis stpresent conetButed thc Club. pays out once a year. Experience wiBdoubtless show whether it is advisable to pay out once s year ortwice snd whether the paying-ou4 time is betier in win4er or spring
LINCOLN CO-OPERATIVE QUxftRTZRLY RECORD.
CONFERENCE.
On Saturday, January 1st, 1898, s Conference, attsndeij by thfrhwn re presen-tstives oi'Branch Committees and ten members of the Committee of Managementwss held in the Committee Room, Silver Street, Linooln, st 8 p.m. , for the con-sideration of the foilowiog agenda of basiness:—
1.—"Subscriptions to Plower Showa, de. ,"i remitted from WelbomnCommittee.
2. "Repairs to Country Branches to be done bv local workmen":remitted from Welbourn Committee.
8.—"That after all Quarterly Meetings st Lincoln, sll Srsnoh Committeesbe nofiffod of the. result of the voting on sll the questions ou theagenda of such meetings": proposition from Cfarket RasenCommittee.
4.—"That the Chairman snd Secretary of each Local Committee havepower to look over the business premises of their own Branch stsny time they choose": proposition from Bassingham Com-mittee.
5.—"Annual Pestivsls st the Branches ": proposed foz consideration bythe Committee of Management.
6.—"Any other business. "Mr. W. Hzwsoz (President of the Society), in opening tbe meeting, stated that
two conferences of a similar character to the present one had been held previouslv,
the last on liiarch 16th, 1895. The object of the meetings wss mutual cali bten-
ment upon sll matters connected with the mana ement of the Society. Themaus ing committee realized to the full their obli ations to the branch committees,snd spprecisted the work that was being done by them in promoting the Society'sbusiness and in populsrieing co-operation among the working-class in the country
villages. Esviog asked for a full snd free expression of the views of all present
upon the matters to be submitted for consideration, the President ooncluded, snddiscussion wss openeil by Mr. Bmmizo {Welbourn Branch), wbo moved
"fThat the Society discoutinue giving grants to Plower Shows, bc." He statedthat he wss quite sensible that the Committee of Management had a difficalt
task in consulting snd complying with the wishes of such s large body ofmembers, snd he believed that conferences such as this would fherefore
always be helpful. There were at present no complaints underlying his
motion; their branch merely wanted to give s note of wsrniug. Forinstance, there wss the grant made by the Society to the Jubilee, why wss it spent
in Lincoln 1 why did not some of it come to Welbcurn 1 Fmther, if money could
be granted to a Plower Show at Wsshingborough, why not to ours 1 The Local
Committee would soon be asked questions snob as these, and wbatwere they to
ssy i If money wss constantly being given to this, tbst, aud the other thing, itcould not be hsd ss dividend. With most members it was not a qnestion ss to the
principles of co-opezation, or as ro how the articles they bought were produced.
'Ihey hsd nothing to say against eo-operative principles, the membem he wss
sSu ding xo, but the question of dividend wss all in sll to them. He did noC want
to be misunderstood; he did not want things wrested or strained to make high
dividends. If the dividend wss down, the men who asked foz these grants would
be among the fret to complain. In these days of Supply Stores, where gooils were
ticketed st low prioes, the Society must watch its prices, snd see also that as liSle ss
possible wss given sway in grants. In the interests of the Society he felt the great
importance of discouragiog grants to Plower Showa snd similar objects, becsaxe
hundreds of people were in the Society for nothing else but dividend. He urged
also that notices should be sent to the branches of s6 special meetihgs similar to
that lately held, st whioh money is proposed to be given sway.
Mr. Rxrzoxx s (xz{etheringham) seoonded the proposition.
bfr. McIzzzs (Secretary) asked if Mr. Banning meant that the bulk of the
members simply st Welbourc Branch were co-operators for what they could obtain
as dividend, or whether he meant the bulk of the members generally.
Mr. Bzzxme replied that he referied to the general body of members snd not
particularly to Weibourn Brsncb.Mr. Cour.mu {General Committee) was smprised to hear what he hsd listened
to, especially coming as it did from Cfr. Banning. Nodistriof hal had somuch
money for Flower Shows as the Welbomn Distric Por years a Plower Show,
promoted by the Educational Committee, wss held st Welbourn. He would like
to remind Cfr. Bunnine of some of the objects oi the Society, which weze to prc-
—Qj:FS 'Zxnrbaphrwwmc~C-'xzwiah ~advancement of its members, ss ell ss topere
.Ci@L If~tfbxk'~, : their'co ' '
cs 'sf6,)ewmt sml' '
He
was most smpriscd to hssz the statement about ths Jubilee grant; wss msel
1
in the fairest way possible, for .Cn viBsge where we do trade, and from which
anppplieation cams for s'
was seat. It no hing went to Welboum,
fk~edcfyhwssssnothfng" .' Ior he thought Lincolnonght not
I .Co babfsdaa4 hwxase the Wsfhtrsxf) j ris hs4 not hwa sufffcfently alive to their
Co apply for a porfge'8 Jnbflss grant. He thought om grants to
ohsritable and oCher objects ought to mcresseI rather than ent down.
Mr. Bzxzxzo hastened to explain Chat he hxl bexamisunderstocdi ffit wecbought that he personally, had nof the highez aims and objeots of xhe Scriisty as
much st heart as sny man.bfr. Hoaxes (Welbomn Branch) observel Chat Sxe reason the Plower Shwr was
diseontiaued at Welbomn wss because the EdaesCionai Committee st Iineoln
dacliuel sny longer to faraish the funds. They were not a6 divblen4 banters st
Welbomn, ss had bees assumel. Their objection to these grantswe that they
are sskel foz by small grarps of men here snd there simply to enm thew own
purpose. He ha4 nu wish Co curtail auy ohsrffable giS st sll. It shoaid be~ thaC gifts' to Plower Shows snd such orgsnisaMons would canrinss to
fpmw to such magnitude that at last a stop Would have to be put Cs tham ffcgafhn
he snd others thought that ought to be done ninr whSe the thing we smaL
Mr. Hswsoz (President) saki the Commiltee hsd no control over these grants,
fhs comm invariabl tsten when sn applicaMon wss made wss to place it on the
agenda of business, and the members votel for or against it, ss the case might be.Applicants always based their claim for a grant on the ground that the Society wedoing s large Crade in the vfflage or diefrict, snd it was implied therefore that iiought to contzibute.
Ifr. Sxxzzza (Committee) pointed ont that thc money wss given by the Societyon condition that it should be spent in prizes upon sxbibRs grown fromCo-operative "One snd AS "Seeds, snd thus the Society increased ite sale of seeds.The Agrioultmal and Hortioultmal Co-operative Association also gave prizes directfor exhibits grown from their seeds,
Mr. Mclzzzs (Secretary) referring to what Ifr. Banning had said about noticesof special general meetings being sent to country bmnches, pointed out bowdiffioult it would be to have special meetings in the vi6sges if sooh were convened
by requisition cf s number of members se the last was, st which s grant wae givento tbe looked-out engineers, ss the promoters wished it to be held ss soon se possible.The rule of the Society specigel that six clear days' notice wss su{6cient. Thistime woeld not permit of roams being secured aud bills printed snd posted at sffcountry branches. Of course in the case of special meetings not hurriedly convenedthere could be no diiffculty.
Cfr. Germ (Welbourn Branch) said they would be satisffed simply it noticeswere sent to each country branch snd no meeting held, they wanted to be made
mare fully acquainted with sff that was going on.Cfr. Cour. soz (Treasurer) though tbe charitable snd other grants of the Sooiety
scarcely did it credit. We ought to do more to promote these shows aud to supportthe useful institutions of all kinds to which we are celled upon to subscribe. Everyapplication for s grant received searching inquiry before it wss submitteil io ageneral meeting, snd there wae not, in bis view, any fear of the practise beiag abused
or growing too rapidly.On being put to the meeting three voted for Mr. Bnnoiug's resolutiou, anil
seventeen against it.Item No. 2.) Mr. Eox.ims (Welbourn Branch) thought it wss quite right that
the ociety's own workmen should execute any jobs done in the oity. In thecountry, however, member in business suffered by their connection with the Society.Trade was not given to chem by shopkeepers if they oould possibly help ib tvork
done st the country branches should therefore be done by country workmen, not only
for that reason buf because it could be done more ohesply an tbe spot, than by
bringing men from Lincoln, where wages are higher, and in addition rail farehad io be paid bacliwsril and forward, end lodgings, if the job was s long one.He made this motion with s view of decreasing expenditure and helping village
workmen.Mr. Buxznie (Welbourn Branch) seconded, and bfr. Comrxo (Committee) sup-
ported, simply because the Society hsd invariably carried out Che prscCice ss far ssthe zepsirs were concerned, at nil the country branches.
bir. Howeso {Committee) iostsoced the buildiog of s new branch stores stIfsrket Rssen, as chewing that thc Society was always disposed to give even new
work ss well as repairs to looal contractors anil workmen, wherever snd whenever
oonditions were favourable to such work being undeztsken locally.Mr. Hzwsos (President) was not so certain that we were always so well served
as we ought to be by local workmen; he knew one instance where we were not, but
sll the Committee were in favour of the principle wherever it conld be carrie out
equitably, and in proportion to the capital held in snd trade done by theSociety in the different localities where work wae needed to be done horn time to
time.Qaestions were sited by Ifr. Germ and others snd replied to, snd the motion
wss agreed to unanimously.
(Item No. 8 ) Mr. Russsz (Market Bases) moved this, which wss seconiled by
16r. Izoizzv (Market Bases), and carried without dissuasion.
(item No. 4.) Mr. Woonxzxn (Bassinghsm) ia moving this stated that he was
noi aware whether the local committees hail the power, but he thought they ought
to have it. Iu expressing this view he cast no reSection of any kind upon tbeemployees, snd he apprehended that no great objection to the proposition could be
advanced. He thought that sny action of the kind he advocated should not be
carried out isa manner objectionable to the respective managers or employees.
His proposition limited the number to two because they thought ii better snd less
objectionable than throwing it open to all msmhns of the committee.
Mr. Ruoxm (Sieaford) said the Sleaford Committee hsd always ezermsed what
wss sought to be obtained by this proposal.Mr. Rusnzv (Clsrket Rssen) thought the Committee onght not to go except
during business hours.Mr. Woonxssn (Bsesingham) held to ths proposiuon that they xfbou(d hays
power Co go at sny tune.Cfr. Rszzonns agree{LThe Oxxsxawsx (Mr. Hswson) thought thai previous to going about the
premises they sbou14 Smt go dfxvwf to'Qw manager, and tbe Sscsnrszz observed
Chat say seSon of ibis obarmfer shoald be tampered with diensfkm.bfr. Oonnsen thought thai fbe lnauab mana(fez sboal4 Smf be male aoqasintel
with all visits.Ifr. Amwcx (Metheriugbsm Branch) was in yavsm of s6 nnnnbars of Lossl-
Oommittees having tbe right of access to ths lnaneh premises, and eventually thepmpowtion wss smemled snd oarriel ss fcflowe, via: "That the members of eachLosel Committee sha6 have power to loot over the respective branch business
prenriaes ai sny time. e
{Item 5.) In respect to this, the Cxsmwxx said it had been saggeded we
shoukl drop the tees snd have bueaess meetings instead.Ifr. IdcIxsm (Secretary) said Che point to be submitted for considerstiou was
whether the goal done and the returns obtained by hohling branch festivals on fheprecast lines were adequate for tbe money expendiri. It was suggested as alterns-Mves, to drop the tees, se hsd bees dose in Lincoln, sud either have meetings of acharacter simibn to fhe Festivals held in the city, ox a coueezt, pure snd simple, or
of sn edacstionsl chszsoter in which discussioa shouM follow speechesoz the reahng of papers on eo-operative and kindrel subjects.
Cfr. Rzzxoxsw (Metheringbam) thought there should be a coneert. Memberscame from s considezable distance to the Festivals uow, snd could not get into theroom after tea because of a certain class of young xuen af Metheringham who
iNEWkfUI. —Seventy-eighth Quarterended September 17th, 1897
sBales .. .. .. .. 1,701 4 10$Shcre Capital .. .. 3,222 13 4Reserve Fund .. .. 35 0 0Dividend .. .. .. 0 0 6kssets .. .. .. .. 4,805 13 7
attended meetings of sll hfnds, even roSgious meetings, for the purpose of cresting
Hr. Howctm (Commi4teel said that this essa gmwing evil in some places.at oae 4ime to bo very disorderly, but last Festival
wss s great Ielpelvaxuontbfr. knoem (Kstheringhsm Bmneh) wss in famer of continuing the toner but
thought the pries shoald be droppel to sixpence or eightpence.(Bsssingham) ached that mors cere should be 4shen in respect to
sperhes 4 and in the songs by some ol tho siagers things which were objectionablefor chiMnm to hear snd repeat were ofbm hemi.
Tho Cecraecu cmured fgr. Peacoat that every oars possible wcs exercisel bythe Committee in choosing singers, but when encored they weald trsngressoeoasionaRy. There wss great dlf~fiaalty in prmenting it.
On 4hs ms4ter. being pu4 to ihe vote, two only voted for tees being discontinuedia connecthn wi4b tho Branch Feetivale.
Undec the head of geaersl basincs, discussion erose upon the qaestion ofmeeting-rooms being pmvfded for local committee, upon payment of zsil fare sndontM-pocket ezponees incurred in a4tendibg business meetings sml other minormatters of detail in connection with the business of the Bociety in the various
F~ascxoogas~~ihtpe;", Exa.~atcmd
"," Wig(ca~ snd ~„Pshaw nud lqigm ~have hase.hx'g(rve. f)st CbQdreys Fsbt(vaf En~ o'n ~yx February
„';;I48E', 'rbsl'bh(udsmb ~ lum hxim xxuxuiy@ cenprhfug p)(mist(en c(mgtEog'kixfbctr, thctchet &c. Two hours' emSnueas fun xbay'be dnfirdpstcd.
public meetings, in two of the largestrooms available. Both meeting-roomswere filled. k Miltiubry Dspertmeotis shortly to be opened.
LOUTH. —Forty-second Quarterended Sept. 80th, 1897.
6 s dBales .. .. .. .. 2,178 16 8Share Capital .. .. 3,008 8 10Reserve Pand .. .. 102 0 0Dividend .. .. .. 0 1 7Assets .. .. .. .. 8,808 12 84
The sales sre 6720 over those of4he conesponding Quarter lest year;the dividend is 34. in the 8 less.Share Capital and bfembership sresteadily increasing.
ST. IVES.—Thirty-third Quarter~-Sotbr'1SNB
Er(hu'' "; ' ', ,
'- ':„.. 1485:0~M: =:::=:::; '-iR "Fx 5.O 2 O
~'
~ ~ I'i(y(5 18
HkCKTHORN. —Twenty-third Hslf-yssr endei September 30th, 1897,
8 s dSales .. .. .. .. 745 10 0Sham Capital .. .. 322 13 0Reserve Fend .. . . 105 0 0Dividend .. .. .. 0 2 6ksscts .. .. .. .. 536 18 Of
Qm Ec'cszmEacid~obfumshi
of bslancin
GORRESkhniedon, kdulh 86., ChSdren ld. Doors»pen st 6JO, to cammenos at 7 p.m.The tuaugsxM 4ea sud emee4 wse a deddel sucoess, over 100 se4 down to sn
tas provided by the Bede4y. k h(ghelsss eonesr4 follmxed, whish wssthoroaghly apyreeaied by the large audience present.
bfv, :)Ibm' kMrfdge's lecture "Oo-opemtiou and the Land, "wss faidy weE~'lmg bfxrs Ltwremam wss not aneomagod by s large nelieme when sherMfvomd bar lastmw on "The Hmne, Sm wxxrthofa and the Na4ha. "
;-"jr
TO sean insert(car leiien Chmld be Wrfiiea On One Cfde Of tbe papCr Only, fa ScySrlc bead\ ead aaibclriicsxcd bp ibe tenne sad eddne of xbc m lier, set fozpshSeeecn unlec ccpzccxly fnreedcd xo. 4il corvccpcsdracc should bc addressedio Thc Editor, 'Liacobx Co-oycreiiec Rmordr 5'3, Poribxsd Beret, Lincoln.. :,Lcxxcn erc isoixcd en Ce-opcxuxfm epics„eaf oa xbe working 'of ibc Bocfcxyceeaayo. , xbc bfesbcn. Tice erhem'c. ere ope» foal(, buf chnXdiior doecpox
Hiim~». .. 2. Fmtxy . .... .., 1 (EtrgreEesx l, .r..Plato:cdsIxm'. rr. 8 BxmiegoEoE. ..;.'..: 1 ' '
PottcdMsst ......, '1Sv ~. 6 '
Pbasa Exeadih Eatisz 8 ' Sfgsxs
hg 814'lit Sb'id chrisd Ns4sp
6S rBCM BkI()RCR SRRRT(s orRRIQHSOOBIR6. SOCIRTIRS.
Shsie Cipits( .. .. 60.223 0 0 r reipondiog qusrie; thc dividend is THE LIBRSEY ia open for changing boobs: bfondsyr Tuesday, WednesdayFriday, 7 to 9 p.m. ; Friday, 1-80 to 2-80 p.m„ far Counhy Members onlySaturday, 6 to 9 p.m.
THE BEFEESHEEET HOOR is opened s4 11-80s.m., an& olosel a4 7-30 p.m.except on Welneelsye when i4 is olosed st 1 o'olooh,
taopeneo in ibe 4 lower. k sixthloan for honse pmchssing bss beengranted.
BOSTON.—Sixty-ninth t)sartorendsil Sept 80th, 1897.
s dSales .. ., .. .. 7,189 7Bbaxe Capital .. .; 9,614 18 V~
Eesene Fend 2 269 4 7Sbfivideml .. .. .. 0 2 0ksseh .. .. . 58,189 12 1
The soles axs d8,547 omr the em-quarter ef lea year; the" Epdesapenesin the 8 lees.
The 'seed(mt mnaber of members isA57(t Tbs nnflesnoh in Eedgate
'mm opened rm Octebm 12tb„and the Rs((ss« lhs(RS«s Fiss&s Sfsss
::4 sii 89M':, ~ Vu reerteebm
i„rn,* ~ ~ ~
' " ' ' ' 'oTOc'imi " Soiwsinit
0 110ksmts .. .. .~ 81/58 16 6
The edm axe d247 shorn those of
dead is lees by~in the 6;the opening of s new punishingDepextmen4 bss increased expendi-
i tare in alterations snd repairs, sndibe Coeunittee ash fox loyal supportin the naw Department Pmohasesfrom Co-operafive sources total 27,176for the Quarter.
GRiN THkbf. —Ninety-eigb4hQuarter eadei Oct. 5th, 1897.
-T4@::~r;fP'-f&~~@j.'@@jg."-:-.:-":-'--': '. -':-,:P,EOUETHCff«ES —1Frnety fomth
' ' ' ' ~ d 0 h"-' K=
ensure MACHIRR SlftIyR BREADSs(m .. .. .. .. 6,236 9 2(hei .. .. s,ofo s AlNEOLOTKET PFHsE 1 PHKH FROHF AdsssEFKIFA TlsH lRecenre Fund .. .. 361 0 3 Thoroughly Keoadod by fffachfaezylIhviden 5 .. .. .. 0 2 8 xmoIST 4 svarRRm'4 vureeox RmomuRxksceie .. .. .. .. 10~1 15
The 'sales chow an increase ofSL120 over the oorrecpondiog quarter Centeefgenery NeflfePf Fnenf.of lect year; the dividend is the same
The greatest variety of sd. articles in the City.hew Dmpery, Boot and Shoe, snd FANCY BREAD xxy mll htncls. FLtfggx SEED, dt RICE CAKESxFurnishisg Departments were opened RICH BIRTHDAY dh WElb
'* =:-:='-
z
LINCOLN CO-OPERATIVE QUARTERLY RECORD
FulTif'lSHIPIG OEPAllTINEllT. SOB-CENTRAL STORES, "lO" ST
pkfE time since it wse found advisable for the Society to take up theS necessary License se dealers in GOLD PLATEa and now webeg to announce lhst we sre in a position to supply our membe're with
EIIAIIIGIIss dl elElgsLLEQYon the best possible terms. It is generally known that goods of thisclues bear heavy prate; wc bsve determined to supply these goodsat ordinary Co-operstive prices.
We still r tain the agency for the
Coventry Watch ~~Manufacturing Society's
productions. They are makers of the best
WORKING IWA N'S WA TCHon the market. Hundreds of these Watches are now in the hauls ofoar members, who sre continually testifying ae to their reliability as
time-keepers. They makeGentsx Sliver English Lever Watches from$2 I2s Gd, upwards.
We csn also supplyLADIES' a GENTS' GENEVA A KEYLESS WATCHES from 8/6,LADIES' a GENTS' GOLD or SILVER ALBERTS a GUARDS,GOLD or SILVER BROOCHES, PENDANTS, RINGS, hc. , ec.,MARBLE, wooD, e ALARM cLocKs,
VIENNA REGULATORS a KITCHEN CLOCKS.We regularly ~tock most of the foregoiag, but if any enquiry is madefor goods not stocked, we csn procure a good assortment on approval,
st s few days' notice.
ELECTRO-PLATED GOODS.We bove s choice assortment of the followiag always on hsnd:—
DassERT a TABLE sPooNs a FGRKs,JAM, MUSTARD, SALT, e 'TEA SPOONS, SUGAR BOWLS,
TEAPOTS, BREAKFAST e DINNER CRUETS,NUTCRACKERS, BREAD h PICKLE FORKS, TOAST RACKS, «c.Any Electro-plated &code not in stock csn be pmcared st short notice.
SPECTACLES Ike~ EYE-GLASSES.A large assortment, eaitable for sll sights, from I/- to 7/$
per pair. We feel certain that if oar members will enquire st theirown shop when purchasing, they will be kurprieed at the extent ofoar Stock.~- Cycles. ~-
Arrsngemente for the coming season sre now being made. Wehave now, for several seasons psst, held the agency for Sue district
"Trent" Cycles,their inmesaiag sale, snd the very few complkinte that we have receivedrespecting them, justify oar detenniaation to run this make almostexelaeively. We would thmafore request sny of oar members whosre desirous of buying a really reiiable Machine, to inspect oar stockof "TRENTS/n The Cash price for which we cger this High-grade hfscbine cannot be beaten by Cycle Ageuta
Cycle Accessories at Best Prices
PapermHangings, ~~ PapermHangings.We have completed kE-STOCKINGS of
WALLi APEg for Season I898.30.000 PIECES Weighing I2 Tons in over
300 VARIETIES
pulps from IId. to Bd. per piece.Sanitaries „2d. ~ 2/-Golds „Bd. .. 2/-
SATINS, GROUNDS, MIDAS in great variety.TILES, DADOS, FRIEZES, 8 BORDERS to match.
Damp-Proof Paper, Lead Foil„Scrtxaa, erc.,in faot, everything suitable for cottage or maneioc.
A staff of experienced workmen kept. Orders booked at Central,or Sub-Central Stores Ior all kinds of
PAINTING, ORAININO, DISTEMPERING, PAPER-HANGING, 6'cc.
Stocks kept at Sub-ICentral Stores, High-st.
Pattern Books atCentral & all Branches.
SPECIAL NOTICE
Arrangemente have been made whereby members may in fatare be
euppliied with ALL KINDS OF DRUGS at
Messrs. BATTLE, SON, dk MALTBY'S,Druggists, Stonebow, Lincoln,
oa the same terms se are given by other Druggists in the
Society*e List.
Boat, E, Shoe Dspa, rt.mszt,
Winter 4 Spring GOOd$ ingreetvarietysrenowonview.
Branded Goods of Co-operative Manufacture,Bold by the Society, can be hsd nowhere else in Lincoln. Try them!
EXCELLENT WEAREIEGANT DESIGN 4 SHAPE
%heat Sheaf Bvand, Equity Brand.VCEILR GUARANTEED.
Boots and Shoes of ail kinds made to measure.
——a,
OR4PERY 4 NILLINERY DEP4RTNENTS.l
It is arranged to hold our next
~ "&""I& GlearanCe Saleduring the WE EK commencing
MON DAY FEBRUARY 14th, 1898.
OWING to the mildness of the %Tinter Season, the Stocks left over in theseDepartments are much larger than usual; we therefore hope to reduce
them to their normal state during that week by making substantial reductionsin prices so as to effect a clearance before receiving our Spring Goods.
QPQATQP JAP+.4lNS than ever will be offered!
Call and see what we are
offering
It will be our effort to make this a PP+OQD Sg[ P,
Tailoring 8c Oint6tting X~3epartment.
GREAT GLEARANCE SALE.
On FEhRUAR&' igth, for ORE IVEEK,We intend to olfer at REDUCED PRICES~ the whole of onrSURPLUS STOClt
which inolndes:—
Nen's R Youths' Suits, Overcoats R Waterproofs,also all kinds of
JUVENII E CLOTHING, MECHANICS' CLOTHING, Ac.,
Gents' Outfitting: —Uinhrellas, Shirts, Pants, Hats & CaPs, Ties, Collars & Cuffs, &co &c.
N/1Ix~~:&[( ~)& &4])l;~t
/HE LiNACQL4
7j" Ptjjl[g fg&[lllgtl'Iltllll tlll~lllDtllIj:Q&lltll
lo II lol IlTI E D..
S I LyER STREET,LL LNITCA MOOT BT ADO TAUON
TO TN DOOIET
ADNOTTONDVDUL
~alii'Ww '/reJ II*,
l'
ii
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Cj J/2
X/Z~ ~yPf'o
r ~w~/, 3k E/, p' E8 /g . . g
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'I&
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',,"8:.,!+Ag. /
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THE LINCOLN EQUITABIR CO-OPRRATIVR INDUSTRIAL SQUINTY, Leo. ]'i',
REPORT R STATEMENT OF ACCOl/NTSFor fhe 146th Quarter ended 4pri I 6th, 1898.
ll[S I"
5 l84
CEETRAL—SILVER STREET AED FREESCHDOL LABE PRDETS
SUB CEETRAL, HIGH STREET. HILL AND BAKERY, YVATERSIDE HCRTH
)ct
i~t
l~
"SLOW BUT SUBE." "UNION IS STBENGTXL."
Xintaln (~quit, Thing (l.O-OP~rniibr. 3tnitu~irinl Horir~TT2 4~6.,E8TABLISHZD 1861.
Vregfstemed undex' the Industx gal rand Pwcvrfdent Scegetges' dhctv 1893.
OBJECTS OF THE SOCIETY.—Fust, it provides its Members and the General public unth Bread, Flour, Grocery, Provisions,
Drapery, Clothing, Boots and Shoes, Butchers' Meat, Coals, Crockery, Hardvfsre, Fuiniture, dfc.
Second, it seeks the Domestic, Social, and intellectual advancement of its Members.
Annual Business, over Z185,000. Number of Members, 8,985. Share Capital, ZI07,693 9s. 10d.
Loan Gapital, Z20, 582 lls. 9d. Reserve Fund, Z6,464 17s. 3'.Bankers: THE LIBCOLII ABD IIIIDSEY BABKIIIO COSPAIIY, LIHITED, aad the CO-OPERATIYE YYHOLESALE SOCIETY, LIIITED,
THE REPORT AHO BALANCE SHEET FOR THE 148th QUARTER,
ELIDED APRIL 6th, 1898.
Grocery
B8,450
B446
Drapery. Boom ib Shoes. Tailoring. Furnishing
B1,500 5216 B320 4700
B161 $318 B113 SSS
Purchases from the Co-operative Wholesale Society. ..from other Co-operative Sources
Value of Goods produced and grown by this Society
Animals Slaughtered during the quarter: —Beasts, 119; Sheep snd Lambs, 357; Pigs, 304; Total 780.
Tctsh
Biiv386
B1,126
Ef0,406
2
5
BURTON ROAD, LINCOLN.
SHAKESPEARE STREET, LINCOLN.
RIPON STREET, LINCOLN.
iVELBOURN.
5 „ fdETHEBINGHAtf.
7 „GREAT NOR1HERN TERRACE, LINCOLN.
8 „SAKILBY.2 „BAGGHOLblE ROAD, LINCOLN.
Central Stores and OIIIces:—SILVER
No. 1 Bmnch —BBACESBIDGE.
12
14
NORTH STREET, HORNCASTLE.
SOUTH STREET, SLEAPORD.
HIGH STREET, LINCOLN.
QUEEN STBEET, ifARKE1 RASEN.
BASSINGHAtf.
17 „REEPHAbf.
STREET dr, FREESCHOOL LS.NE, LINCOLN.
Nc. 10 Branch —NEWLAND STBEET WEST, LINCOLN.
ll „BARD NEY.
E2UTCHKRY E2RANCRES r
Nc. 1, RIPON STREET i Nc. 2, GRESHAfd STREET; Nc. 8, BURTON ROAD; No. 4, HIGH STBEET; Nc. 5, BAGGHOLbfE BOAD,
The gIIARTEIILV MEETING wiii ho held iiI the LARGE HALL, OII MONDAV EVENING, MAY 2IId, 189S.THR QHAIE WILL BE TARRIV BY THR PERSIDRIfTv AT HALE-PAST SRVEEI O'QLQQ&.
PROGRXJK3KE OP RUSIItfXSS.l. biinntcs of last Qcsrtcrly fdsstiug.
2. Admission of Nsw bfsmbam.
Rcport snd Balance Sheet.
4. Scbacriphcn tc the Nottingham Inatitoticn fcr the Blind.
5. Ncminationa fcr Pnmidant, Treasurer, Sccrshsy, Three Committee-mcn,and Twc Anditom.
e. Ehntion of Six fdcmbcrs of the Edam&mat Ccmndttaa
V. Extraordinary ElccScn of One Auditor.8. Applicsticn for s Great tc the Lincoln Agricoltnrsl Society*s Show,g. Applicaticn for s Snbactfptton to the Railway Benevolent Institution.
10 Application fcr s Grant towards thc Funda of the Anneal Congress of thcWoman's Co-operative Guild.
11. Application for a Grant tc the Lincoln Cottagers' snd Amstsms' VcgetsMsFlower snd Frail Association.
12. Any other Basinsca.
I incoln Equitable Comoperative Industrial Society, I inedited.
COMMITTEE OP MANAGEMENT.'Mv. 1VJI. HEWSON, President . . .. 26
"Mr. WM. COULSON. Tressnzez . . . . 26
*hfv. DUNCAN McIN&NES, Secretary . . oG
ilfr. W. B. HOWARD .. .. .. . . 26
x» J W. CODLING, ,'Mv. GEO. SHARPSMr. hf, SMALLERMr WM TURNER
26
26
26&J
Mr. ROBERT FISHEIJhfr. J. BROADBEI&R1', ,I.P.Mr. PRANE SWABV
2&1
212G
Aooivoss -hfr. JAS. ORANGE, 'Mv. J. B. BENDER, 'Mr. W. P. ARMSTRONG, pro &c&a. Cianms —hfr. FRED STEPBENSON.
v Retiring Members, each eligible for nomination. 26 Commiiiee Meetings have been held daring ihe Qnsrtev.
DEPARTMENTAL COMMITTEES.BoorsB&izcnssv
Bm&,oases
COLL
blesses. COULSON, CODLING A SHARPE,Messrs. HOWARD, SHARPE A BROADBERR1.iMeesrs. CODLING, SEALLEB S HEWSON.
Messrs. HOWARD, CODLING A FISHER.
Dnazasv A To&+siss .. hfesevs, FISHER, TURNEli A SWART.
Fisavoe .. .. . . . . hlesars. McINNES, COULSON &2 HOWARD.
Gsocssz .. . . .. . . glass&a. SMALLER, HEWSON a BBOADBERRY.
Ron&zoo A Live Svocx. . hfessvs. ShfALLER, HEWSON A SHABPE.
COMMITTEE'S REPORTTo Tais Msaiuuus.
We beg to submit to you the 146th Quarterly Report snd Balance Sheet. The total amount receive&1 for Goods sokl duringthe Quarter is E46,598 4s. 2d. , being an increase of E1,836 96, 4d. over the corresponding Quarter of last year. The nef
pro6t on the Quarter's business, including E34 16s. 5@. brought forward from last Quarter. is Z4, 682 19s. 6@., which avsupn
will allow Ei,894 17s. ld. as Interest, $2,820 as Dividend„being 1s. 4d. in the E on Members' Purchases, snd $22 46. Od.
being Sd. in the E on Purchases of Non-Members; Elgl 86. Od. being 2$ per cent. per annum foz Depreciation of Branchand Cottage Property; EI41 146 Od. being 10 per cent. Depreciation of Fixed Stock; E57 17s. Od. being 5 per cent.Depreciation of Milling Plant; E51 7s. Od. for Educational Purposes, snd $12 66. 9J&d. carrie forward to next Quarter.224 Persons have joined the Society within the Quarter, 102 have withdrawn, snd 14 forfeited as per rule, makin
the present number 8986, being an increase of 108 over last Qusrtei'.
We have pleasure in announcing thai Bicycles manufactured by the Co-opezative Bicycle Works, Long Eaton, in which
undertaking this Society holds shares, sre now on sale in the Purnishing Department, and we have congdence in recommending them
as good in quality and gnish and moderate in price.
The Painters', Builders', Joiners', and Cabinetmakers' Workshops, Tanners' Lane, High Street, lately entered upon, are well
supplied with orders Members requiring work doing can give their orders at sny of the Stores, or send them direct io the worksh&ips
addressed to Mr. Burnett, Poreman.
The Society is now licensed to sell all kinds of Plate and Jewellery. Clocks and Watches sre taken in at the Furnishing
.Department to be repaired.
Mr. Millson having resigned the Msnsgezship of the Burton Road Branch, his place hss been filled by the sppointmenf of
Mr. Auckland, from the Central Grocery, for whom we bespeak the support of the Members trading st the Branch.
The new Stores at Market Rssen were opened by numerously-attended Teas and Meetings in the two Public Halls,
on March 26th. As the premises am capacious, convemently situate. sHd well shÃ] ed snd adapt d for the increasing trade in
this district, we trust the local Members will trade with the Society for all their requirements, as we are satislied the l&fanager
izill now be able to meet their demands. Since this Branch wss opened in 1892, the local Members have put into the
Society 1529, they have withdrawn from it $2,001, and they still have in it E973. An agency which hss saved snd distributed
this amount of money in so short a time among the indusfzious working class in a district where wages are low, needs np
other words to commend it tp the ati;ention of all who wish to pay their wsy snd better their posihipn.
We have pleasure in reporting that the output from the Central Bakery steadily increases. The total weight pf
Bread baked by the Society last Quarter was 409 tons. The increasing Bread sales are a gratifying feature of our trade,
because they prove that Bread of good quality, made under cleanly conditions, of Flour of our own manufacture, is
preferred by the Members to low-priced Bread, made fmm inferior I'lour, out of which much of the life-sustaining
properties has been abstracted, snd sold as high-grade Flour for Pastry and Biscuits. It cannot be too widely known
among the Members that the Flour st the Society's Mill is made mainly from Wheat grown in this county, snd that no
wheat in the world yields better Plpur for making wholesome snd nutritious r
The Sales at Ripon Street Branch exceed those of last Quarter by EI08, snd those of the corresponding Quaztez
of last year by 2204, a result traceable to the increased accommodation afforded by the recenr, alterations undertaken tp
zender the Shop adequate for dealing with the Trade that may be expected from the increase of population in fhe imme-
diate vicinity.
f rim I tha terest in the higher aims of Co-operation, we sre arranging for s series of MeetingsWith the view of srimnlating in res in
being held monthly during next Autumn and Whiter.
The condition of a portion of the Store premises at Hozncsstle is becoming so serious, that we have decided to take
steps ss soon as possible' to F.n 'down and rebuild the Waiehouses which sze in imminent danger of fafhng, and tp add
f h". ~ b~em, a c whch we trust will h ve ypnr suppo~. The tme done at
th 'f th grat eQ zt punted to $442; following su enlargement made in 1894 the turnover n
to El&182& while last Quarter it reached El&618,
Cr.CASH ACCOUNT.Dr.s d 3 e
2,S50 12 1DI8BURSE biENTS.
By Balance owing to Co-operetive Wholesale Society's Bank
u Asromm Psm Fos Goons:—„Gmcery ... . ................ .... .. ........ 13.923
„Drapery snd MfUinery .... .... .... ...... .... K927„Boot snd Shoe .............. .. ............ 1,825
„Butchering .. .................. .......... . . 4.376
„Coals. . .. .. ................ .. ., , ..... .. .. .. 934
u Tsiloriug aud OutGttfng .... ................ 689
u Furnishing ........ .. . ...... . . .... . . ..... . 2.005„Flour Mill .. . . .................... ...... .. 2,82'&
„Cszriage of Goods .... ...... .. . ... .... . . .. .. 818Coal. ........... ...... . . .. .. .. . 8'&
RECEIPTS.Bank sud Cashier's Hands. .......... ...
Goods, Central, GroceryDrapery snd MiBinmy ..Boot snd ShoeBntcbery .. .... ...... ..Hides, Skins, Pst, Ac.CoalsTailoring snd Out6t tingFurnishing .. .. ........
Mill. ... ...... .... .... ...... ..Braeebridge, No. 1 Branch. .....Burton Bead, No. 2 BranchShakespeare Street, No. 8 Branchftipou Street, No. 4 BranchWelcourn, Nr. 5 Branch. .......Metheriogbsm, No. 6 Branch. .. .Great Northern Ter. No. 7 BranchSsxilby, No. 8 Branoh. .........Bsggholme Road, No. 9 Branch ..Newland St. West, No. 10 BrsnchBardney, No. 11 Branch. ..... ..Horncastle, No. 12 Branch. ... ..Slesford, No. 13 Branch. . ..... .High Street, No. 14 Branchbfarket Races, No. 15 BrsochBsssingham, No. 16 Branch ....Reepbsm, Nu. 17 Branch
Sale of Coals —No. 1 Branch. ..... . ... .... ....No. 2No. 3No. 4No. 5No. 6No. 7No. 8No. O
No. 10No. 11No. 12No. 13No. 14No 15No. 16No. 17
2 s d 2 e d8916 2
4,878 3 22,543 6 41,608 11 5$4,144 17
436 15 4651 8 Qd
1,454 5 641,400 15 82,468 17 7$1,60:1 9 51,655 17 G
1,226 0 11,696 62,335 0 31,661 18 54
936 5 51,102 7 61,886 8 51,348 0 10$1,197 1 41,463- 7 11$2,165 13 42,807 7 11$1,258 7 10
777 18 6704 1 lpu40 18 6
123 17 965 19 1$
111 8 316 18 lpi66 7 2$29 15 1Q36 18 8
140 8 lpt101 7 0$
17 10 0150 9 7119 3 8132 16 8
214 64 5 1vt
30 5 112246,5988,4&l6
1,171
To Cash in, Sale of 18 9
10 014 918 10
9 415 218 819 817 2
rJ—F 36&,908WIONS FOR PRODUCTIFR IrIROUR:—GroceryDrapery snd bfillinery ........ . .....Boot snd ShoeButchering .......... . ......... .. ..Tailoring and OutQtting .. .... .. .. ..Puruisbing .. .. ...... . . ...... . . . . . .Millezs .. . . .............. . . .... ... .
o7& 1497 17
128 1983 S
215 4G89S18 5
1120680
1,765 14 6
47 l 8180 1'&
79 5154 1993 1182 11
13'& 7153 14
„Wsous ms DIOTRIRUTrvu LmoUR:—„Groceryu Drapery snd IfiSinery . . ...... .......„Boot sud Shoe„Butcheriug ..... . . . .. . ... ...... .... .„Tailoring and Oot6tting .. ...... . . . . .
Furnishing ...... ..„Coals„Ofdce
1000U
00
4 j1.34& 9 5lu+ E
COHHISSION SND WSORS ST THR BRINCHRS:—No. 1 Branch. ... $39 4 9 No. 10 Branch. ... 836 1 6
19 08 09 0
105 64 0
10 0/1.07Q
. g 5,199916. .. . . ~ voo
.::.: J'17
No. 2 „.. .. 41 6 0 No. 11, .... 53No. S „.... 33 16 0 NO. 12 „.... 75No. 4 „.... 48 6 0 No. 13 „,. . . 14&No. 5 „.... 132 14 4 No. 14 „.... 140No. 6 „.. .. 10712 6 No. 15 „.. .. GSNo. 7 „.... 22 2 0 No. 16 „.. .. 31No. S „.... 81 17 0 No. 17 „.. . . 32No 9 „.... 38 0 0 5 9
13 ll8 10
11 041 9
Withdrawals from Share CapitalIosn Cspibtl. .... . .. .. ........Penny Bank ...... .... .... . . ..
Additions to Fixed, Rolling, snd Live Stock AccountADDITIONS To BUILDINO ACCOVNT:—
High Street ...... . , ..... . .... ..bfarket Rseen ................ , .Wino Street. ............. .. . . ..
5 ll5 9F
„Additions to Share Capital . . . . ...... . ..Loss Capital
„Deposits in Penny Bsnk-Centrsl .... ..2990 5 0No. 1 Branch. . 15 11 8No. 2 „.. 22 7 2NO. S, . 22 14 4Nu5 „.. 14 9 0No 6 „.. 5 0 8No 8 „.. 4 711
,. Depoaited in Provident Club„Repayments fromHousePumbseem —Me„Management Expenses„Insurance Fund„Sale of Live Stack„Breach Mrmsgers' Bond„Rents, Central
Newport. ............. ...........Shakespeaze Street .......Ripon Street. ............... , ...Gss Street. .............., .... , , .Sincil Terrace ........., ......Great Northern Terrace. ..........Kesteven StreetChelmsford StreetTanners' Lane and High StreetSincil Tezrace ................ , . .HorucsstleJohn StreetBaggholme Road. . ..............,
112500115
14 90 0
lS ll Jr7'&8 8 8
No. 11 BranchNo. 12No. 13Nu. 15No. 16No. 17
.. ..31311 08714 4718 47 9 5711 5117 2
1,150296
mb ere' Property Account 8731310105&0
INFSSTNRNTS:—Shsrer in Leek Silk Twist Society .. ...... .. ..... . 1
Paisley Manufacturing SocietyBr&trek Produce 8upply Amoeratron ... . .. 2oLong Eaton Engineering snd Cycle Manu-
facturing Society, Limited, . .... . .. 258befGeld Cutlery Society .. ......... . .... 1
0 0lp 50 017 0~
10 VZ14 9&12 00 0
19 00 0 rr'
0 0V l' Jr'
557
I' 230
17 llG
8 li10 41 60 0
Interest on Branch ffsssgers' BondsHorse Keep. ............. ............... . .....Non-Members' Dividend on $659 st Sd. in lhe 2Additions to bfembers' Property Account. ... .....Educational Grant
Seephsm ...... ........ .. ...... . . . . ... , . . ., ..Market Raven ...... ........ .... . . . . , ..Field (Carholme Road) .... .. ...... ., .. .... , . ..
1 0 0411 02 9 6518 05 1 6
20 16 Q
514 08 9 6
21 10 P17 0 032 2 61 5 0710 0619 9
15 00 0
15 0 I26 10 0
313
6
Gxmnur. Ext'Ruses I—, . Committee snd Secretary'e Salary .... ..........„Auditors' Salary .............. .. , ......„Stocktaking, Extending, Checking, rkc. .. . ... .., ,„ Insurance ............ ........ .... ., ........ ..„Printing, Ststionery and Advertisiug .... , , , , ....„Postage Stamps snd Cheque Book». ... . . .. .„Repsiur„ Rates and Taxes .............. .... ...„Gss, Water. Delegates' Expenses
„Travelling Expenses„Bank Commission snd Interest
SUMCRIFTIONS I„Newark Belief Fund„Co-operaxive Union. . ........ , ..... , . .„No. 9 District Midland Section Co-operative Union, Society for the Prosecution of Ii'alone ..., ....... ,
7 l&)u FN
7 013 4Z9 5;
11 9" j19 516 8u9 11(
10 1,12 7-&
0 0vr,
36183'&
1811325
294278133
115
63
140 1 9 + !
10 5 01 0 9)F'l0 9 04 210m
1115 0412 6514 54 4 0410 5
'35 8 01 7 61 0 03 0 09 2 0
2110 P
„Entmnce Pace„Tnmsfer Fees ..„Nomination Fees ............................., ......„Saleof Rules, Cards, snd Cash Books .... .............. ....
Prorideat Clab Cards .. ...............„Interest and Dividend —Hebden Bridge Pastian SocietyDudley Buclret and Fender Society. ...Thomson dr Sons, Lbnited ..........Airedale Worcted Society . . .. .....Paisley Mauufsctaring 8ocietyLeicester Hosiery Society. ....... ....Shefgeld Catlezy Boeiety ........, .Leek Bilk Twist bbtunfscturjng SocietyCo-operative ~Cou 1imt ted ..Coo'&per'stfwe Wholesale Seeiety BsnlrLmeoln rk I indsey Banking Co. Sbares
Co-operative Wholesale Society 54 10 10„D.vldend r r 165 19 0220 9 10J
rri
10514
0 00 0&
10 06 6
1,052 17 94 64 4 IS
813 8 Iod
Cash in Banks. . .Hand
7l697
4 FINANCIAL STATEMENT ftom January 5th to April 6th, 1898.
Dr. 8HARE CAPITAL A.CCOUNT. Cr.
To Withdrawals» Forfeits on Withdrawale, deducted from Fixed Stock Account. .„112Deposits to Buildiog dccount, at 5s. each. .............. .„Fines„A}}owedfor Interest sud Dividend, but not reqrdred ..........„Present Claim of bfembers
2 e do,199 13 11
914 928 0 0617 1
13 4 7107,693 9 10
By Capital ss pcr last Balance Sheet .„Interest on 145th Quarter„Dividend on 145th do.„ Contnbutions .
s 3loi Dii i 11
3,SSD» 41.060 0 08,48}i 5 11
2112 951
Dr.
2112,951 0
LOAN CAPITAL ACCOUNT
To Withdrawsle .» Present Claims
B
916 8 1020,582 11 9
221,499 0 7
By Loans ss per last Balance Bheet . . .„Interest ss pei last Balance Sheet» Contribations
2 s d20,142 16 7
184 181,171 5 9
521,499 i}
FIXED, ROLLING, AND LIVE 8TOCK ACCOUNT.
Previous Additions Additions by Society's TotalCost. this Quarter. own Workmen. Cost.
c d 2 s d s d s d13,78$ 4 5 172 1 9 226 12 6 14,181 18 8
Depreciation Allowed by last From Sale of Live and Total Balancepreviously s}lowed. Balance Sheet. Fees, dc. Fixed Stock. Depreciation. Nominal Ualur.
5 s d. 2 s d 2 s d 2 s d 2 s d 2 s d8,839 7 9 186 2 0 28 6 7 10 19 0 8 514 15 4 5,667 3 4
MILLING PLANT ACCOUNT.
PreviousCost.
s d6,860 19 6
Additionsthis Quarter.
s d0 0 0
TotalCost.
s d6,880 19 6
Depreciationpreviously agowcd.
6 s d2,176 6 6
Af}owed by lastBalance Sheen
s d58 18 0
TotalDepreciation.
s d2,234 19 6
BalaoceNominal Value.
s d4,626 0 U
Dr. RERERVE FUND. Cr.
To Balance2 s d
6,464 17s d
By Balance ss per last Balance Sheet ...... .... .. . . . . ...... .... 6,440 7 SI„Interest fmm Lincoln 8 Lindscy Banlnng Company Shares. . .. 24 10 0
Dr.
26,464 17
MEMBERS' PROPERTY ACCOUNT.
26,464 17 34
Cr.s d
To Amoant advanced on Property as per last Balance Sheet. ....... 25,053 12 0» Advsucel this Quarter .. 230 1 6
By Bepsyments as per Cash Account„Less Interact
s d 2 s d878 14 9261 9 10
612 4 112h671 8 7
Dr.
625,283 1$6
LANI} ANI} RUILI}ING8 ACCOUNT.
225,28318 6
Cr.
Property.
Central Stores .. . .....Bracebridge .. . . .. ....NewportShakespeare Street. ...Bipon Street. ..... .. . .Welbourn ............hietheringham. . .. . . ..Gt. Northern Terrace ..Ssxilby ........ . .....BaggholmeBosd .... ..Newland Street West. .BardneyHorncaetle. ....... ....Sleaford. ....... . . . . . .High Street . .........bfarket BasesBsssingham .. ...... ..Free School LaneGse Street. ...........Waterside North .... . ~
Sincil Terrace ..Xcsteven StreetNorth Hykeham (Farm)Chelmsford StreetGresham StreetSincil Bank ........ ..John Street ..........Winn Street. .........
Previous Cost.5 e d
23,179 2 5639 1 9961 11 7698 17 6
1,239 18 31,815 5 91,919 11 6
905 5 11819 8 6
1,351 16 0559 18 11
1,6S4 18 21,240 6 62,840 6 7
10.289 92,076 0 01,839 5 8
593 16 0276 4 11
16 074 13 91,236 15 9
564 13 11,880 17 31,142 18 6
338 18 02 908 16 10
50$ 0 0918 18 6
112 14 9 9 5 0eOD O O
115 1311
Addi%iona AddiTions byttds Society's own
Quarter. Workmen.6 s d 8 s
Total Cmt.2 s d
28,279 2689 1 C
961 11 7698 17 6
1,239 181,815 51,919 11 6
905 5 11819 8 6
1,351 16 0559 13 11
1,914 18 21,240 6 62,840 6 7
10,411 8 112,575 0 01,3$9 5 6
598 16 027g 4. 11
18 fff4 13 91,2$6 15 9
564 18 11,880 17 81,142 15 6
$38 182,9OS 16 10
500 0 01,029 19 5
Depreciationpreviously sSowed.
2 4 (r.8,878 13 1
177 16 3270 18 7190 4 0S39 4 6384 4 8347 19 6211 10 5198 14 6232 8 0158 4 5160 12 11199 2 6465 9 7376 1$ 713 5 0
165170 14 U
79 6 111,212 4 6
342 18 994 1 1
226 0 9157 13 641 1 D
$11 16 1012 80 0 0"
d}}owedlast Quarter.
s d14 0 0217 64 6 D
3 $65 1$99 5 6917 0
6 6818 07 0 091D 6911 8610 0
1417 025 0 012 18 07 7 02 131 5 0
14 0 0512 0
0 0$0 6 6
6 4 0117 0
16 5 08 1 6
TotalDepreciation.
2 s d3,392 13 1
180 15 9274 19 7198 7 6844 18 3843 9 9$57 16 6215 16 11202 12 62$9 8 0160 14 ll170 4205 12 6480 6 7401 13 -7
26 $0172 9 i}173 7 0
So ll 111,'226 4 6
$48 5 997 1 1
236 7 816317 6
42 18 0$28 1 10
lo 10 0
PresentNominal Value.
2 s d19,886 9 4
4og 6 D686 12 0505 10 0895 O O
1,471 16 01,561 15 0
689 9 0616 11 0
1,112 8 0398 19 0
1,514 14 0v 034 14 02560 0 0
}0,009 1o$548 17 01,166 16 0
420 9 0195 13 0
14,848 9 38SS 10 04i}7 12 0
1,6}4 10 0'978 16 O290 15 0
2,5oo }5 0484 18 0
1,029 22 5
680,084 16 7 8728 8 8 B9 5 8 ~62210 8 4$},868 1 5 210,075 6 11
Dr. GENERAL STATEMENT. Cr.
To Share Capital . . .... .... . .„Loss Capital„Penny Bank Deposits. .. . . .„Reserve Fund ..... ..... . .„Branch Msasgers' Bonds ..„Congress Fund. ....... ....„insurance Funds. ..... . . . .„Promdeut Fund. ....... ..„Balance. ......... ....... .
. . .107,69390,58211,901
G,46 t927
50148406
4,682
s d9 10
11 913 11$17 3d8 40 03 10
17 719 6$
s d 2 s
By Stook, Grocery .. .... . . .... .... .Drapery scd Millinery. . . . .Boots and ShoesButchering. ......... .... .CelticTailoring snd Outgttfng. ..Fureisbing. ....... .... .. .No. 1 Branch ... ... .... .No. 9Ni). 8No. 4No. 5No. 6No. 7No. 8No. 9Nc. 10No. 11No. 12No. 13No. 14No, 15No. 16No. 17
405o 18 94,064 19 22,510 4 0
749 2 82 1 0
4,485 12 43765 5 6
253 4 0318 6231 ]9 0326 9 0
1,238 2 9965 12 9271 4 0465 15 0337 19 6311 9 0716 14 9623 Il 1
1,275 15 102,599 9 111,446 15 3
486 3 0208 0 6
1,931 18 5
, Building snd Lani Account. ..... .. .. .... ...... .. . . . . . . ....Members' Property Account
, Fixed Stock Account. . .... ........ . ~ ., idilling Plsntdccouut .. . ... . . ....-
, Shsres in Co-operative Wholesale Society, st 5 per cent.Hebien Bridge Fustian Society, st 5Cotoperstive Insurance Company, st 6Co-operative Printing Company, st 7)Co.-op. Hosiery idsnufacturing Soc., sc 6Paisley Co..op. Manufacturing Soc., at 6$London Prodactive SocietyThomson ik Sons' Productive Soc., at 5 per cent.Co-operative Newspaper Society, st 5Dudley Bucket snd Fender Sooiety, st 3Au'edsle Worsted Society, at 10Midland Tinplste Workers' Society. . .. . . . . . . . . . . ..Alcester Needlemskers' Society, st 5 per rent.Shef6eld Cutlery Society, st 5Brownfield's Quill Pottery Society, at 5MacclesSeld Silk bfsnufecturing Society. . .. .. .. .. ..Leek Silk Twist kfanufscturing Society, at 10 per cent.British Produce Supply Association, IiimitixlLincoln Hide, Skin snl Fat Company, LimitedRuston, Proctor ik Co., Limited, st 4 per cent.Long Eaton Eogiueering A Cycle Co., Limited ..
, Reserve Fund Invested., Lincoln Corporation 3 per cent. Redeemable Stock 2,410 0 0, Buston, Proctor ik Co., Ltd. , dd percent. Debentures 1,336 5 0, Bobey ik Co, Ltd. , + per cent. Debentures. ..... 1,255 0 0, Lincoln snd Lindsey Banking Company, Limited,
OM Shares. . ........ ...... .............. 1,822 0 0
„rCssh in Banks snd Cashier'e Hands ..
33,688 670,747 3 421,671 8 75667 3 44;626 0 04,245 0 0
20 0 050 0 025 0 0
600 0 0108 0 8
10 0 0100 0 010 0 030 0 020 0 025 0 011 16 797 4 950 0 050 0 011 0 075 0 028 0 0
300 0 025 0 0
6,823 5 0813 8 104
Dr.
5152,857 17 1$
PROFIT AND LOSS ACCOUNT.
$152,857 17 li
Cr.
To Balance Dirpossblo .. s 44,648 8 I
B4,848 8 I
By Prodt, GroceryDrapery snd bCllinery ...Boot and ShoeBatehery .. ...... .......CoalsTailoring aud OctSttiug .Furnishing. ... .... . ....No. I BranchNo.No. 3No. 4No. 5No. 6No. 7No. 8No. 9No. 10No. 11No. 12No. 13No. 14No. 15Ni. 16No. 17hlill .... . . . , . ...
e d694 8271 7 3227 10 ll346 7 8$160 5 11140 15114 17 6ill 18 6115 19 4
78 17 8124 4 Od179 4 9d117 9 468 15 588 17 5
150 4 897 9 10$85 5 I
121 12 lg158 9 6244 1'7 7481 18 745 13/, VA36 10 7
257 11 01
„Rents caper Cash Account„Rules, Cards, aod Cash Books ..
Management Expenses„Iutetect from Members' Property Amount. ..... .. .snd Dividend, Co-operative Ptoduchve SocietiesCo-operative tVholessle Society. ........ . ..........
c 4
4,108 6 11140 1 9
7 1113 12 0
261 9 1064 13 1054 10 10
Dr. PROPOSED DISPOSAIJ OF PROFIT. Cr.
To Interest on Share Capital„ Interest on Loan Capital. . .. . . . . .. . . .„ Interest on Penny Bank Deposits . . . . .„ Interest on Brsucb Managers' Bonds
„Dividend on $42,300 st I/4 in the 2 . . . . . . ......,, Non-Members' Dividend on $666 at Bd. in the 2„2I per sent. Depreciation of Branch and Cottage
Property„ 10 pez cent. Depreoistion oi Fixed Stack .. ..... , . .„5per cent. Depreciation of Milling Plant . ...... . .„Educational Grant, 1$ per cent. of Net Txsde Pro6t„Carried forward. ... ............ .... ...... .. ,
e d 3 e 41,090 0 0
186 10 8103 17 3
10 19 10-
2,820 0 022 4 0
181 3 0141 14 057 17 0
830 14 051 7 012 6 9$
54,682 ill
By Balance from Pro5t and Loss Account .... ....tram last Qusrter
„smouot allowed last quarter for interestDividend but not required . .. . ... .....
2 e 4 8 a d4,548 3 1
'&1 11 10$
13 4 734'16
B4 682 19 64
Audited snd tound corroct, April 25th, 1898.JA31ES ORANGE,J. B. BENDER, dsdifcff.lv. P. ARMSTRONG, pfo. tcn. j
EDUCJtATIOHJtAL COMMITTEE.
Mrs. bt. A, DRING, Preeideot .. .. . . . . .. .. 9 'Mr. W. LOVATT ... . ......... . . . . . .. .. .. (J
~
'Mre. J. BALLMr. G. BACON, Treasurer .. .... . . . . . . ... . 7 Mr. G. BECK. . ... . ...... . .. ..... . . .... . . 8 htr. J. MOOSE . . . . . . .. , . ... , .. ..
*.'lfr. E. H. THOtfPSON, Secretary . . .. .. .. 9 'bfre. S. J.HODGETT .... .... ...... .... . . 7
(Mr. D. WORTH
'Mr. C. TAEAVETT. . .... .. . .... . ... . . . .. 9 'Mr. A. E. SIZELAND .. .. . ... .... .. .... . . 0
The 5guree after the names indicate the Number of bteetings attended, (J having been held.
' Retiring Membere, each eligible for re.election, except Mr. Siselsnd, who does not seek re.election.
The Candidates nominated sre;—Ball, Jeaeie; Colley, Kate Ellen; Hodgett, Sarah Jane; Hardy, 'I'homes; Lovstt, William; Treavett Charles;
Thompson, Edward Henry. llf embers must not vote for more than SIX Candidates,
(J
8(J
Dr. EDUCATIONAL DEPARTMENT. Cr.
s110 5
58 0 0114 4212 1
SARAH J, HODGETT, I 4 d.fGEO. E BECK, j
253 16 10
INCOME.To Balance forward„Qssrterly Grant .... . . .... .. .„Quarterly Sale of Papers„Cards, Catalogues, and Fines
EXPENDITURE.By New Books„Newspapers, bfagssines, 5&c. . . .... . .. . .„Librarian'e Salary . . .... .. .. ....„Classing„Printing Accouot. .. . ... . .... ........ . . .....„Delegates' Expenses„ Concert. . ........ ..„Extending. ...... .
Secretory'e Posh&gee„Fmuiebiog Department Account. . . . . .„Plower Show Fund„Balance forwsnl ...... ......... . ........ ...
g s d92 0 511 0 &l
815 0117 6411 01 0 9011 90 8 60 4 7d1 5 loi
o o6 17
B63 16 10
The QUARTERLY MEETING will be held in the SCHOOLROOM, COLEBY, on SATURDAY, APRIL 30th& at 7 p.m. Bepres(mtstive, Mr. HFWSON
Welbourn Branch Committee —Ifr. B. Gsdd, Nsvenby, Chairman; Mr. J. Gray, Leadenbsm, Secretary; Ifr. J. Sharps, Mr. W. Banning, Mr. B. Dsrcy,
Welbourn; btr. T. Codd, CsytborPe; Mr. Hy. Codd, Weilingore; blr. J. W. Holmes, Nsvenby; Mr. J. Hatters, Bootbby; hff D B Abiewtntte tk&+by I
htr. J. Smith, Hszm&ton; Mr. T. Scoff&of, Normsnton; Mr. Edwin Codd, Fslbeok.
The Quarterly Meeting miBbe held in the Reading-mom, METHERINGHAÃ, on FRIDAY, APBIL 29th, st 7 P.m. BePresentstive, Mf TIIRNES
Methermgham Branch Committee —Mz. William Matbers, Metberingbs&n, Chairman; Ifr. Elijah Reynolds, Metberingbsm, Secretary; Mr. W&siam Bstdoo
lb btetbenngbsm; Mf. Artbm Wsson, Dunaton; Mr. Cb(wies Bsumbef, Mf. Charles B
Adcoek, Mr, Charles Hogdon, Digby; Mr. Bichsrd Taylor& Blaukney.
Co tee—kt . G. Ifills B daey, Chairman; btr. B. Gibbons, Barduey, Secretary; Itr. H. Pafkes, Mr. G. Meddtmn, Mr. T. W~sou Mf WBsrdney Branch Committee —Ma G. Ifills, sr aey,
Cotton, Bardney; Mr. T. Simpson, Sontbrey.
The Quarterly Meeting will be held in the Committee Boom Branch Stores, Sleaford, on Saturday& APRtL 30th, at 7 p.m. Bepreeentsuve, Mr. BHABpp
—Mr F B I Stmtord Chairman; Mr. J.Bodkin, Slesiord, Secretary; Mr. J.Clayton, Wtttougbby; Ifr. T. Newton Swarby; Mr. D.sleaford Branch Committee —bf'F. Beet St~or mfm ~M, L W~ef Slmlord 3ff W'Gmwell, B I ton
Grimsdell, Ifr, W. A4ktn, Mr, E. Dickinson, Mr. W. Itot4ram,
Ci b Room "George" lnn& Market Bassa, on Sstnf day, APRIL 30th& at 7-55 p.m. Beprescomtivo, MfThe Quarterly Meeting mill be held in the Clab Boom, ee
Market Roses, Chairman; Mf. J.Ptekwelt, Secretary; Mr. W. Csney, bfr, B.Fliutbam, Mr. Joa. penneyMarket Rssen Branch Committtee —Mr I W &
3L ke't Boson, Mf. Gco. lyatkinson, Mr. Jss. Cooke, Bmlingtborpe; Mr. S. Cordell, Walfsb .htt. h. zing, Mr, C. Shs~a Mr F, I glby, blr. Joh T'. Doaee, e; ' - y.
C ~pezattwe Stores, B~&on Satfwday, APRIL 30th, at 7 P.m. Bcprescntsuve, Ma SMALLEB,The Quarterly Meeting will be held in the storehouse&
Cbsbocau; bff. J. Taylor, Mf. J. Brown, hl'r. J. Heatoo, Mr, B.Bassiagham Branch Committee —Ma W ~0™~l~~ ~ .' M, J, Reynolds, Anboura; Mr. E.Peacock. Boron 1 Jtr. J.Hattam, Msribom'.
Baesmgbam; bif. F. Taylor, Mr. J. bfarshsll, Carlton-b&-Moorland I yuo
evf
INDUSTRIAL AND PROVIDENT SOCIETIES' AGT, 1893, 56 afqd 57 VI«
ANNUAL RETURN of the LINCOLN EQUITABLE CO-OPERATIVE INDUSTRiAL SOCIETY, Limited.
AS PRESCRIBED BY THE CHIEF REGISTRAR
E OA- the Year endxng December 31sts 1897.
Name of Society —Lincoln Equttsb(e Co.operative Industrial Society, Limited.
Objects of Society —Dealers, IVho(esate aud Retail.
Register No.—141.
Date of Establishment —August, 1861.
When Srst, Registered —September 17th, 186:k.
Name snd Address of the Treasurer, snd every other OIScer in receipt or charge
of bfoney —Wlkzzku Cosmos (Treasurer), North Parade, Lincoln; FszoSxzknzzsoz (Cashier), Swsllowbeok, Lincoln.
Number of Members at the beginning of the year
Number of Members admitted during the year ..
Total Number of Members st the end of the year . . .. .. . . . . 8753
The Audit for this year has been conilueted oy Ilr, Gsozsv. Bzczisosov, o' 19,
Chelmsforil st., Lincoln. whose csSing orprofession is Mechanic; Mr. Jmkzs Osizor. ,
of ifonks' Road, Lincoln, whose oslling or profession is Ley Vicar; snd Mr. Jozz
B.Rzznxa, of Bases Lane, Lincoln, whose calling or profession is Lay Clerk.
8485759
Together. . . . . . . 9244
Number of Members whose membership hss ceased during the year . . . . 491
Dr. CIESEE 2ECCOIINT.s d
s d12 018 8
RECEIPTS. 8To Share —Contributious . . . . .. . . . . . . .. .. 12,667 4 7
„Lonns .. .. .. .. .. . . . . . .. 4,202 10 0
„Deposit nnd Banking Departmeuk .. . .. . . . . . 8,957 11 0
„Sales of Goods .. .. . . . . . .. .. .. . . . . 185,271 2 4$
„Rents. . .. . . .. .. . . .. . . .. .. . . . .. 578 12 8
„Fees snd Pines: Entrance, Nomination .. . . .. . . .. 39 14 9
„Rules snd Pass or Contribution Bool's .. . . . . . . 13 11
„ Interest snd Profits on Investments, Dividend on Purchases. . 1,242 2 9
,. Investments —Deposits and Repayments of Advances on
Security of Freeholil Property .. .. . .. . . . 4,162 0 8
„Management Expenses —Ifembers' Property Acconnt . . . . 11 4 3
„ Insurance Funil . . .. .. . . .. .. .. .. . . .. 29 3 8
„Proviilent Fund .. .. .. .. .. .. .. .. . . . . 110 7 0
„Branch Managers' Bonds Aocount. .. . . .. .. . . 100 0 0
„Sale of Fixed Stock .. . .. .. .. .. .. .. .. 17 10 0
Total Receipts .. . . 212,397 13 10$
„Balance due to Bankers st end of year .. . . . . . . 2,850 12 1
„Balance of Cash at beginning of year .. .. . . . . . . 7,528 4 04
$222,776 10 0
PAYMENTS.By Share Capital Repaiil, Interest anti Dividend to lKembers. . . . 28,999
„Dividend to Non-Members . . .. . . . . . . . . . . . 97„Loans snd Deposits —Interest on Loans snd Deposits snd Bank
Current Advances. . . . . . .. . . . . . . . . . 9,215
„Goods, including Carriage . . .. . . . . .. .. .. .. 148 764
„Salaries and Wages .. . .. . . . . . . . . . . . . 16,164
„Bent, Rates, Taxes, snd Insurance. . .. . . . . .. .. .. 1,232
„Other Expenses . . .. . . .. . . .. .. . .. . . . . 5,316„For Land, Buildings, snd Fixtures. . . . . . .. .. . . 5, '292
„Ailvsnces on Security of Freeholds .. . . .. . . . 7,863„Other Advances or Investments . . .. . . . .. . . . . 1,2c4„Educational Purposes .. .. . . . . .. .. . . .. . . 2'i8
„Subscriptions . . . .. .. .. .. . . . . . . . .. 172
„Interest ou Bonds. . .. . . . . .. .. .. .. . . .. .. 32„Employees' "Outing " (Reserve Fund). . .. .. . . . . . . 49
Total Payments .. . . .. 222,686„Balance of Cash st end of year .. .. .. .. .. .. .. 89
11 65 6
16 017 411 615 1115 1116 913 31117 610 6
13 1016 2
8222,776 10 0
Dx TRIEDE OF YEAR.
To Value of Stock-in-Trade st beginning of year. .„Purchases daring year, including Carnage„Prizluotivs Expenses,. Distributive Expenses„Interest on Loans, Deposits, and Bank Current Advances
„DepmcisMon —Land, Buildings, and Fixtmss„Bsbmee ProSt on Trade of year
33,972. 148,7646,648
14,0651,2191,444
15,336 18 76
By Value of Stock-in-Tzade at enil of year„Sales of Goods during year„Dividend on Purchases„Buildings and Fixtures by own Furnishing Department„From Cash Bonds
34,166185,271
6491,23il
127
s d
3 12 90 0
Dr.
B221,451 11 6k
PROFIT A ND LOSS AND A PPLICATION OF PROFIT.$221,451 11
Cx.
To Interest on Shares„Dividend on Purcharss —To Members. .
Non-Members„Donations and Snbscripti one ..„Educational Pmposes„ProSt earned to next year
s d4,345 0 0
12 450 15 1094 0 06711 6
224 8 021 11 10$
217,208 0 24
By ProSt on Tzsde of year„ Interest and Progt on Investments„Rules, and Cards
s15,886 13 7$
1,852 1513 11 5
$17 203 0 2I
Dr. BALANCE SHEET OF FUNDS AND EFFECTS. Cr.
To Share Capital . .„Lolius., Deposits and Banking Department„Bank Advances
,. Branch hfsnsgers' BondsCongl'ess Fklrlll
„ Insmsnce Fund,, Provident Fund. , Reserve Fund„Pm6ts of last Balance Sheet, iaeluded in
s d5 11
6 kk
2 70 03 107 07 3I
11 84
4 10
10c,624.. 820,142 16 711,397 17 102,850 12 1
34,39187250
138110
ii,440Appropriation. . .. 5,217
$152,244
s d34,168 3 480,345 4 1025,058 12 0
interest5,386 8 62,200 0' 05,001 5 0
22 7 467 8 10
By Value of Stock-iu-Trade ..„Value of Buildings. Fixtures, snd Land
Freehold Security yielding Interest at 49 per cent„ In Shares of Co-operative Wholesale Society yieldingat 5 per cent
In other Shares yielding Interest at 6 per cent,. Other Investments„Cash in Bank„Cash in Cashier's hands
8152,244 4 10
WILLIAM COIILSON, Tuziscsss. DUNCAN McINifES, Szoszzzaz. FRED STEPHENSONSOiN, Cmmzs.
The audmCgned have had access ko Ci the Books and Accounts of the Society, and having examined th f 'G Iving examine e oregoing General Statement, snd vengied the same
with theAscokmts and Vouchers relating thereto, now sign the same se found to be correct, dul v h d dcorrec, u y voce e an in accordance with law.
yAMES ORANGE, szn y. B. BENDER, Aunkxozs.
(& l~c istt:Ohl @0-opevixttvr (~)onNE% SERIES. No.
the light of the discussion that arose at our last QuarterlyMeeting out of the proposal to employ Chartered Accountantsto audit the Society's accounts the following, eommunieated tothe Cu-oper«tive Vv&vs of April 9th, by sn "Aceountanps Clerk, "
will be interesting as well as instructive to s large number of members.
It refers to a Conference st Slaithwsite, where the employment ofCliartered Accountants to audit for Co-operative Societies waz
proposed by two delegates during the discussion of a paper on"Frauds ":—"In the discussion which followed Mr. Wood's excellent paper
on "Frauds, " two delegates advocated the employment of chartered
accountants as auditors. Many resent frauds aud extortions have
occurred iu concerns employing chsrtere1 auditors. Clearly the two
delegates referred to are not very observant of accoimtsncy mattezs.
In one recent company failure it was announced, that the preceding
audited account of the chartered accountants showed profit $0,000
when there was really a serions loss. Again, two of my friends have
lost considerable sums through buying shares in s company on the
faith of certi6ed pro6ts when the chartered accountant had not
provided. for renewals. Two sezious cases of fraud have recently been
roported to me by the sutferezs —private traders —who had their
accounts audited by chartered accountants; but they and many
similar cases are little known because no prosecution follows. If these
cases had occurred. in connection with Co-operative Societies, every
newspaper in the country would have hsd a paragraph on the subject.
"Chartered Accountant" merely means s msn wbo haz joined a
voluntary company which was incorporated by s charter (many
insurance and trading companies are so incorporated. ) There are
five such companies in the British Isles. The London Institute wss
formed nearly eighteen years ago by s number of men who hxed the
qualification for membership, whish wss a large fee, and anyone who
had been in business sz sn accountant two years could join on paying.
They now hold examinations for new entrants, but the committee
reserve the right to admit anybody they choose who has been a
certain time in business as an accountant. Only a person who has
been articled to one of their members csn be examined. So that if
you are wealthy or politically important yon fin entmnce easy, either
by examiustion or without it. Only the sons of the well-to-do csn
afi'ord to pay tne fees demanded for articles to members having a fair
connection; but if your friends csn introduce any good business, you
may find a small man to take yon in on easy terms. These rules
have the effect of injuring the clsis from which eo-operators are
drawn. Co-operators are principally of the poorer middle class; they
cannot pay heavy fees to apprentice their sons; snd they should try
to understand the struogle for snd against injustice and hollow sno sndzofeszionsl
dishonest pretensions which is now going on amongst professions
accountants before they advocate the claims of one of the parties.
it is not the msn whose name appears on his brass plate or note-
P~Per that practises aceountsney, he is in many cases merely a
caPitslistic exploiter of clerical labour, often knowing nothing of his
chant's affairs sn'd losing no opportunity of reducing his responsibility
to s minimum. Chartered aceouutants sre putting the responsibility
of the honest management of companies upon directors. A.uditors
foz Co-operative Societies should do the same. Auditors, w
chartered, incorporated, or otherwise, are not managers' ars snd the
should let it be linown that, they expect that those who sre responsible
«r the management have taken every precaution to secure ~
v «king of every cheek devised for the eificiency of the finsncial
department. Effieient management by-committees is moreore effectual
in preventing fraud than any auditing csn be. An auditor oauditor does not
guszsntee the honesty of the committee nor the society's servants. "The foregoing is practically a recapitulation of muc o
w» said from the platform st our last Quarterly Meeting, snd it
makes it clear why the Woolwich Congress directed the Psrlisinentary
Committee of the Co-operative Union to resist, in every wsy open to
them, the attempts being made in parliament by ththe chartered
aecountautk to make it compulsory upon Co-operst ive Societies and
other similarly constituted bodies to have their accounts audited by
chartered accountants, thus cresfing another pH
addition to the number already existing. - It c &naos be too wiley
known that the committee or directors of s.Society sre -Phhe. arties
legally responsible for its honest managemenk. By thethe ws, how
many members are there in all our large Societies who neglect to
bring or send in their Share or Loan Pass B&ioke at tlie proper. &ivies
aud thus prevent a complete audit being niade '. JTbere ure huudn &le.
The next Lincoln District Association Conference is to be iield
at Gainsborough, on May 7th. A paper on " High and Low
Dividends" will be read by Mr. Psget, Secretary of Gaiusborough
Society. As the Society, like many others, ha& had experience of
both, a good paper may be expected dealing in a praccieal fashion
with the causes of liigh and luw divideuds. Iii Liucolu high dividemls
have not at any time been paid. The measure of a Society's useful-
ness to its members however, must not, and cannot be compute&1 by
the amount of the dividend alone; yet that is what appeals hrst aud
most strikingly to the untauglit mind. Many uf the largest uulur-
takings in Linoola are considered to have &lune well when they p.iy
four or five per cent. on capital alone. Our Society does tiu&t anil
pays a dividend on purchases besides. A counuun error amiugs& the
members, given utterance to very pointedly st our les&, quarterly
Meeting by one member in the discussion of the halsnue sheet, is co
suppose that wliatever money is laid ouc in buildings ought t&i be,
and might be used for dividend. It is hoped that tlic hfu&. tinge
arranged to be held monthly next autumn aml wiuter may do some-
thing to dispel ibis and othor fallsciei, snd to teach our members the
power for good there is in the collective nse aud control by the people
o( masses of capitah A glance at the accounts of neiglibounng
Societies given on auotlier page will show that dividends g&iuerslly in
the Lincolnshire District are lower than they wero a year ago. Itwould be much batter for all' our Societies if the members would
csrefufiy and patiently take into account and try to understand the
causes that produce these changes instead of losing tlieir heads sul
tempers, and hurling blame upon their olficials, for what no body of
men csn entirely obviate. Dividends msy be equ&chsed or nearly
equalised, but only by the patient pursuance for long periods of a
system of sound 6naneiug, saving up iu good times to make the
inevitable bad times, as often caused by unscrupulous immoral
competition as by anything, less felt when they do come.
The recent venture of the Grimsby Society into excellent and
mote oapacious premises in Freeman Street and the Market Place
bss been fully justi6ed by the increased trade. The members
appreciate the enterprise, and sre loyally doing their ucinosc to pro-
mote its success. For the first quarter of this year 198 new members
were enzolleil, a number qnite unprecedented iu the history of the
Society. The cost of tlie uew central premises reached to close upon
BL000. The sales for the 6rst quarter showed an increase of 94,160
over the corresponding period o( 189L aud Share aud Loon Capital
has been flowing into the Society ever since the uew Iepsrture wss
taken. It is hoped that by July 1st the extenzimis to the Cleethorpes
Branch will be finished. A new sale shop forty feet bv twenty feet is
being addeil on the giouud fioor, a warehouse is being built st tho
back of the existing premises, and the whole range of the upper storey
is being fitted up ss a drapery aud boot shop. All eo-operators stay-
ing at Cleethorpes daring the season are invited co coufine their
tr&cde to the Society. A movement is ou foot to open a Branch of the
Society st iqew Hollsud if sufficienc local support can be oblaiued,
aud this is likely to be forthcoming.
Our Educational Committee have engaged the Drill Hsfi for a
Flower, Fruit snd Vegetable Show ou Saturday, Au uec 9;th1999, Full par&iculsrs are given iu &he Bshed. ales which can be
obtained at the Library, Free School Lane, by Cicv members, and from
tbe Branch Managers by country members. The Agricultural and
Horticultural Association will exhibit s collection of vegetabies and
other specialities of theirs. A capital band will be in attendance, and
zefreshments af moderate charges will be provide&L
10 LINCOLN CO-OPERATIVE QUARTERLY RECORD.
LINCOLN DISTRICT CO-OPERATIVE ASSOCIATION
REPORT TO CONGREiSS.
No. 9.—Lmcosm
Executive Committee:
Mr. W. Coulson (Chairman), Lincoln. Mr. E. Hart, Grimeby.„D.MeInnee (Secretary) Lincoln. „E.Wilkiuson, Gaineborougb.„J.hfillhouse, Loath. J. Turnbull, Newark.
A. Strang, Grsntbem. J. 17. Brawn, Spsldiog.„W.T. Ward, Peterborough. J. Brown, King'e Lynn.
T. Harrison, Boston. ,1. Stuffine bcunlborpe.
Among thc eooieties belonging to the district association the year 1897 wae oneof uninterrupted progress. The Newark Society, which received such a cheek lastyesz by ihe defslcstione of its late secretary, hae been gradually regaining lostgmnnd, and is now in a fair way towards recovering its old position..P. society hss bees started at Edwinstowe with promise of eticceee, snd steps areheing taken which will, it is hoped, result in the establishment of Stores at ShireBrook snd New Holland.
Among the societies that have made exceptional progress dming the yearSeunthorpe and Grimeby stand foremost. The Soouthorpe central stores havebeen extended by the opening of a spacious wiog for drapery, furnishing and booie,aad, eo rapidly is the membership snd. trade increasing, that land has been pur-chased snd plane are being prepared for a commodious bakery and butchery.
Since the Grimeby Society's removal into extensive central premises acquiredlast year, ite pmgrees bs» been nnprecedented at any etege of its hi»tory. Fiewlines of business have been tel»en up, and new members sze being enrolled in verylarge numbers. The existing branch stores st Cleeihorpes is being enlarged by theaddition of a commodious shop for provisions, which will be opened before theseason at Cleethorpes begins.
Of those societies thai remain outside the association little that is good osn besaid end little can be ezpeoted. For reasons which may be summed up a» a totallack of corporate life or feeling, they remain inert snd isolated. Some arc simplymarking time, some have retrograded, and since the establishment of the districtassociation in 1882, the majority have liquidated, sad the members have lost alltheir share capitsL
Conferences have been held si Boston, Petezborougb, and Newark. That atBoston, attended by 120 delegates, was the largest ever held in the district. Thesubjeot for discussion wss introduced in a paper by the district secretary, entitled:
"How Co-operative Societiee can Provide their Members with DwellingbousesiwThe liveliest interest in the subject wae evinced during the discussion, snd thepaper was afterwards printed by the Bo»ton Society snd distributed to sll iismembers.
dt Peterborough the main bu ineee of the Conference, at which fifty-fivedelegates were present, was the discussion of the district delegates' report of PerihCongress, and the election of the Peterborough Congress reception committee,
At Newark a p»per on "The Benefite of Co-operative Societiee to Loyal hfem-bem" wse rmd by the district eecretsry. The conference was namerously att nded,and was fallowed by a public meeting, at which the general seezetary of tbe Co-operative Union presented to the Newark Society the amount of money subscribedby the societies in the Co opomtive Union to help the society out of its difficultiee.Very full reports of the Boston and Newark Conferences were given by tbe localnewspapers.
Propaganda work continues to be nnderiaken by the Lincoln, Peterborough, andGaineborough societies in the agricultural villages. The Lincoln Society hssrecently opened s launch stare, costing 28,000, st bfsrket Bseen.
Prodactive exhibitions have been held st Gainsboroagh and Grimsby, with tbeobject of bringing more closely under the notice of local co-operators this branch ofoo-operation.
Great headway continam to be made by the two societies in Lincoln in housebuilding; aad work of this character, thoagb in less degree, is undertaken byseveral of the socieilee in the district.
The Lincoln Society'e firms have yielded goal profii on the year's wozking, sndthe ares ender glass has been greatlyincreseed. Had itnot been for sseriousoutbreak of swioe fever at one of the farms, causing the entire closing of thepiggeries for nearly three months, the financisl results of the yesz would have beengreater.
The executive committee are satiafied that the co-operative movement in thisdistrict yearly exhibits growing vitality, aad that the future is fall of promise.The amount subecribal voluntarily by the eocietiee continues to be sufficient for
GLEANINGS FROM BALANCE SHEETS OFNEIGHBOURING SOCIETIES.
PETEBBOBOUGH. —Eighty-third()os»ter ended Dec. 28th, 1897.
s dSales .. .. .. .. 37,799 10 1Share Capital .. .. 6L724 6 9Beserve Fund .. .. 2,217 7 6ADividend .. .. .. 0 2 0Assets .. .. .. 60,196 10 0
the sales show s decrease of 21,246.The dividend is lees by 9d. ia tbe S.29 new members joined the Society,aud 84 meinbere withdrew from it,leaving the total membership 2,189.Exceptionally keen competition in theGrocery snd Provision tmde exist» attbe present timd ia Gaineborough.
Private enterprise hse placed us in the forefront of the world in many zeepecte,
apart from manufactures, notably in tbc development of fresh epeciee, or rather
the improvement of species, aad whether it is horses, pigs, cows, or sheep, among
living animals, or wheat, grasses, fruits, or the products of animals, these small
pisces of land covered with s teeming population stand alone and ahead. Owing
to the climatic conditions of other lande, snd, in some cases, the inability of their
inhabitants to cope single-handed with the forces of nature arrayed against them,
agricultural co-operation hss been a necessity for the development of their
industry. Ite necessity has not been so strongfyenfozced here, and the nation
which flrst provided the tools, in turn hss become the largest caetomer; for we
have not only shown the way, but provided the market.Shall this continne? The ordinary agriculturiet eey, "Yee, it mnstiw But the
man of the fields is a slow thinker, and while admirably adapted for assisting the
processes of Nature in that he possesses tbe necessary patience, he is a poor
striker ont of new pathsDenmark, whose position, soil, and climate is all against her as s successful
agricultural country, has developed a dairying industry second to none in the
world, mainly by the application of the principles of co-operation to that industry,
snd while as highly rented ae this country, aud having no old psetnre ae we
know it, is capable of exporting some five or six millions pounds worth of butter
annually.France —the hams of the thrifiy —hss found sn outlet for her products, if not in
s co-operative wsy, st least by the application of co-operative methods by capitalists,and her butter and eggs collected, sorted, sud exported by merchants, form s notinoonsiderable portion of the imports under these heads.
The advent of the creamery system in batter making, by which the milk of adistrict ie treated in one central butter-making factory, is fraaght with great dangerto the individual farmer if he allows the possession of the factory to slip out of hiehsnils. Farmers get mast satisfactory results when they eze partners sharing inihe profits of the creamery that works up thc milk they supply. On the systemwhere they simply get the price of the milk the advantages are smaller. InIreland, which superficisl observers would have described ss the last place onewould imagine where the ides would spread, it has proved successful, snd thegrowth of thc movemeot from one dairy worked on this principle in 1889 toseventy in 1896 is sn increase of which the advocates of this system may be jneriyproud. It» extension to other branches of the industry is uow only s questionof time.
Austria has supplied ue with an example ef agricultural banking that it wouldbe as well were adopted sll over the country, the chief factor sgsiaet ite rapiddevelopment beze being tbst the class of email proprietors is s limited one com-parai with the continent, farms here of two to four hundred scree being a commonholding, snd in many parte much more while there the number of farmers whohold more than forty is small, snd the demand for email loans greater.
They have come to us for stock: we must go to them for ideas, and when onceBritishers get ideas thoroughly instilled into them, they sre apt to improve on theoriginal st s rapid rstv.
We hold, then, that co-operation ss applied to the farming industry is simply aquestion of time. The speoialisation of sll isdustries, owing to the teachings ofecieace snd its application to manufactures, is rapidly coming to this, the last ofall industries to be so affected, by calling for modes of procedure in the treatmentof rsw material that it is impossible for the individual to undertake, but which,when the cost is divided among a large nnmber, cheapen the method, snd renderaoiformity s certainty thai wse unattainable before.
Co-operaiisation is s long word, but it is the tendency of the age, snd snattempt to with»tsad tendencies is like bloeliing a mill-stream with s mud wslh
LINCOLN CO-OPERATIVE QUARTERLY RECORD.
s d
»vidend . ~
Assets .. .. .. 20,610 7 8$
The sales exceed those of the
corresponding quszter last year by
E1,119; the sivilend is less by Sd. in
the B. The total sales for the year
exceed those of the previous year by
24,546. The Society's House Pur-
chasing Department enables members
to become the owners of their houses
within 24 years on payment of the
ordinary rent.
LOUTH. —Forty-third Quarterended Dec. 80th, 1897.
e d
Sales .. .. .. .. 2,312 6 8Shme Gspitsl .. .. 3,165 0 10Reserve Fnad .. . . 106 0 0Dividend . . . . .. 0 I 6
Assets .. .. .. 3,921 7 7f
The sales sre 4516 aver those of
the conesponding quarter of last year;the dividend ie 4d. in the 2 lower.
Recently a Public Tea snd Propagandabfeeting wss held, with excellent re.cults, st Donnington-on-Bain, in which
village the Society has members, snldelivers goods by vsn. The AnnualFestival of the Society on Good Fri-day wss very numerously attended
SCUNTHORPE. —Ninety. lfthQmwter ended March 1st, 1898.
d e dBales .. .. .. . . 5,957 12Share Capital .. .. 9,503 14 2Reserve Fund .. .. 369 4 8Dividend .. .. .. 0 2 6Assets .. .. .. .. 11,217 17 8
Sales show an increase of $540 overthe corresponding quarter of last year;the dividend is the same in amount.Purchases from Go-operstive sourcestotal opto 22,582. Plans are beingprepared for s Butchery and Bslrery,to be built on land just purchasedjoining the Central Stores. Ansnge-ments sre being made for establishinga Penny Bank in connection with theSociety.
GRIMSBY.—Half-year ended Dec.80th, 1897.
sSales. . .. .. .. 21,028 13 9Share Capital .. .. 4,337 14 7Loan Ditto .. .. 11,009 10 8Resenre Pand .. .. 1,060 12 8Dividend .. .. .. 0 1 9Assets .. .. 25,843 6 8
The sales exceed the preceding half-yesrs by 22,447, sud are more inamount by 82,688 than those of thecorresponding half-year of 1896. TheBook Check system has been sdoptelby tbe Society, snd a zemoval basbeen made to new Central premises inFreeman Street, in whish the trade ofthe Society ie rapidly increasing, andnew members are joioing in largenumbers. Extensions sze beiog madeat the Cleethorpe Branch, whish isquite inadequate to deal with thetrade. A Bub-Committee hss beenappointed to promote the establish-ment of a branch of the Women'cCo-operative Guild. A recent Exhi-bition of Go-operative produced goodsdirected mnch public attention to ths
Soaety. The Rules of the Soczetyhave been altered, eo ss to permit ofQuarterly Balancing of Accounts.
NEWARK. —Seventy-ninth Qmwterended December 17th, 1897.
2 e dSales .. . .. .. 1,860 9 5$Share Gspiml .. .. 3,265 15 4Reserve Pand .. .. 85 0 0Dzvidend .. .. .. 0 0 7Assets .. .. .. 4,791 0 7$
The report states that tbe Rwlemp-tion Account hes received 2278, towhich amount, nearly BEO sub-scribed by Societies would shortly beadded, snd that it is hoped by the endof 1898 to reduce the miginsl lass byone-half.
LINCOLN LAND A BUILDINGSOCIETY.—Fifty-flrst Eslf-yesr
ended Dec. 81st, 1897.8 e d
Half-yearly BusinessTarnover .. .. 11,779 13 5$
Share gt Loan Capital 25,218 0 7Reserve Pand .. .. V87 15 9Dividend on Share
Capital .. . 6 per cent.Assets .. .. .. 41,114 11 6
This is a Coeperstfve PermanentBuilding Society carrymg on thsbusinesses of House Financing, BuSd-
ing snl Gontrscting. It bss work-
shops, plant, end s large staff ofworkpeople.
HA.GKTHORN. —24thended lgareh 31st
Sales. .Share Cspztsl ..Beserve Fund ..Dividend ..Assets
Half-year, 1898.
s d536 10 0357 13 7105 0 0
0 2 0640 12 1
KING B LYNN Thnty axthQuarter ended November 24th, 1897.
2 s dSales .. .. .. .. 3,644 9 4Share Capital .. . 1,786 16 0Reserve Fond .. .. 372 14Dividend. . .. 0 9 0Assets . . . . .. .. 5,121 15
The sales exceed those of the oor-responding quarter of lest year by2314. The pmsperity of the Societyis evideot from the continuous yearlyincrease in the sales, snd from theexoeptiousl smoant of the ReservePand, a festers which s few otherSocieties in the district would do wellto imitate. The Socgety's EducationalFund hes a balance in hand of 27.
RETFORD.—Ninety-ninth Qhsrterceded December 29th, 1897.
e 4Sales .. .. .. .. 1,643 4 9Share Capital . . .. 2,437 6 9Reserve Fund . . .. 26 19 0Dividend .. . .. 0 I 4Assets . . .. . . .. 2,891 16 Sl
REFRESHMENT BAR.TARIEP
Oup of TeaPot of Tea. ...Cap of CogseCup of CocoaHam Sandwich ..P4te of Ham
u
d1
1I2
6
Breed and Batter ..Roll snd BatterBan and ButterSconesScone and Baiter. .PastrySausage Roll. ... ..Plum Bzead fg Butter
d d2 Porte Pre
Plain Tes ... . ...~ 41 Tea with Pastry .. 6IA ! Lemonade. ... .... 2I Ginger Beer .. .. .. Il1 Potted bleat ...... IA3 I Cigars ...... .. .. 2
REWBROOM; LIBRARY; REFREBHMERT ROOM.
THE NEWS ROOM is open on bfondsys, Tuesdays, snd Thursdays at 3 o' clockp.m. ; on Wednesdays st 6.30 p.m. ; on Fridays at 11 s.m. ; anl on Saturdaysst 2 p.m. It is oloeed every Evening at 9.30.
THE LIBRARY is open for changing books: bfonday, Tuesday, Wedoesday,Fridsy, 7 t i 9 p.m. ; Friday, 1.30 to 2-30 p.m. , for Country bfembers only;Saturday, 6 to 9 P.m.
THE REFRESHMENT ROOM is opened st 11-30 a.m. , and olosel st 7-SO p.m. ,except on Wednesdays when it ie elomd at 1 o'clook.
RELIABLE VIS[TABLE l FLOIIEB SEEOS,
Of the Aouzavtvvnsv E Hoazrovr, zvssz, Assoorszron are on Sale
at the Central Stores and all the Branches, in convenient PennyPackets bearing coloured illustrations and fall direct tons for sow jug.
Confectionery Deipar tynent.
The greatest variety of Id. articles jn the City,
FANCY BREAD of all kinds. PLUM, SEED, & RICE CAKES,
RICH BIRTHDAY gz WEDDING CAKES.
Orders proatptly attended to.
The mast modern Confectionery Bakery in the County.
SPECIAL NOTICE.
Arrangements have been made whereby members may in future be
supplied with SALL LK!NDS OF DRUGS at
The Society's Patent Steam Ovens
and Dough Kneaderensure MACHINE-iKADE BBEAD
PIBSOLUTEL Y PURE / FREE FROIIV PIDUL TERA TIOP4 y
Thoroughly Kneaded by Machinery 1
Moxsw I svgtrEETI vgwHQLEsoME
CORRESPONDENCE.To eceure inccrghs, taggers ehostd bc wrfggcs on osc siCk of ghe paper only, ss c
cFdble hend, snd oaghcsgicsgcd by slur name cnd address of the writer. Eg for
publication unless esprezgly furcsdcd eo. All ccrrrspcsdzacc ehcsbl4 bc addressed
ge The Editor, Ifncoln Co-operative Record, 58, portland Sgrgeg Lfmwbs
Letters crc iacggcd on Co-cpcregisc gopfec, cwd on thc wcrhisy cfof ghc Society
f"m osy f ghc Ifcabcre. Thc*c colsmas ~ opec go eL beg ghc Edfgor de seg
hold himself rggpomgbLe for the opinions of correspondents.
Messrs. BATTLE, SO&, cq MALTBY'gb,
Druggists, Stonebow, Lincoln.
vn Shc Same terms as are given by other DruggjSts in the
Society'8 List.
DRIIPERY ft MILLINERY
DE PART M EN TS.
IMPORTANT ANNOUNCEMENT.
We bsve pleasure in auncuuciug that the whole of our
New Spring Goodssre now received
The Stodrs, well assorted and thoroughly up-to-dste, include
the most serviceable of the Season'n Novelties.
Space does not permit the enumeration of the large aud varied
Blocks we hsvs on show. Inspect our Windows, snd if ycu do not
see there what you require, bc good enough tc make enquuien in the
shop. We sre confident of giving you every satinfsctiou.
Mourning Orders attended to promptly.
TAILOIIIND DEPAIITMEIIT.GENTLEMEN'S SUPERIOR CLOTHING, lo Measure, in
all the newest designs of the season, specially selected.
Gentlemen's Covert Costs, to measure, from 26/-
Gentlemen's Suits, to measure, from 40/- io 7%.Gentlemen's Trousers, to measure, froru 12/6 to 26/
READY-MADE DEPARTMENT.W» are now showing the largest and best-selected Stock ofClothing we have ever held, made from all the newestmaterials, and in all the latest styles. We have confidencein sohciting an examination of our goods, feeling certain thatintending buyers will be well zatisfisd sn every particular.
Men's Suits, fmm 17/6 to 36/6.Msn'z Black Serge Jackets and Vesta, from 12/6 to 28/6.
Gents' Cycling Suits, in Norfolk snd Lounge Jacket style, from20/- to 26/. Splendid value.
Youths* Suits, fmm 13!6to 28/6.Youths' Black Serge Jackets aud Vssts, from 9/6.
FURNISHING DEPARTMENT.
SPRIN G! SPRING!! SPRING!!!Anticipating the greater volume of business this
season of the year usually brings to this Department, the
Stock hss been thoroughly rep]saished snd the Staff in-
creased so ss to ensure perfect satisfaction being given to
the wants of the Members.
New Drawinii-room,Dioioe room.-Bod room-,
i Ianri Kitchen Furnituret
I
tNewest Designs in CARPETSv (of all kinds, )
LINOLEUMS, OILGLOTHS, HEARTHRUGS, Ckc.
]Veveltiee in IIQQQI]&VII/ Irl Jylpili(ltIII(VQ.
BEDSTEADS AND BEDDING.
OAQI}EN TOOLS of every description
TIN WARE, ENAMELLED WARE, HOLLOW WARE.
Galvanized Buckets, Baths,Boiler Pillers, Slop Pails, sgcc
Oar Stock of CROCKERY hss recently beensupplemented with many Novelties. Kindly pay a visit tothis Branch of this De srtment.P
We have one of the choicest snd largest Stocks of ' --:„Artificial Wreaths (and Suitable Cases)
in the City.The Crockery and Hardurars Showrooms are situate. '
in ths Basement.Your patronage is solicited
„etOg+»»«»«4» « »;««4+nap' ot'o«
BOOT ANn SHGEDEPARTMENT.
In the Juyenjie Department"'"'u"" -"~'"-"
any House in the City.Boys' Suits fmm 2/11 to 14/-.
ODD GARMENTS of every dszcriptiou kept in stock.We have a large Selection of %'sterproof Garments, including
the Chesterfield Inverness aud Scsrboro' Capes, alsoBicycle Capes.
Gents' Outfitting and Fancy Department.
We hold s choice selection of Gents' Silk and Pelt Hats, tosnit all classes. A great variety of Straw Hats. Caps ofevery descriptiou. G lives, Ties,
'Collars, Pr'outs, Shiite,
Handkerchiefs, Umbrsfiss, Pipes aud Pouches, also Gents'Msrmo aud Cashmere Shirts, Pants, and Drawers (LeicesterOo-op. make}. trt splendid selection of Gents' Soli@ursa,Cidf Liuke aud Studs in the newest designs.
I'. are now showing our SPRING an(1 SUMMER GOODS in sll
styles. Children's fmm 1/11; sizes 7, 8, 9, and 10, from 2/6;sizes 11, 12, 18, and 1. from 2/11, best value in the trade. Ladies'
Bboss, from 2/11; Glace Shoes, from 4/11, button aud lace. We
have a splendid stock of Gentlemen's Light Boots, round or square
toes, from 6/11; Brown Shoes, from 4/ff. Gentlemen's Brown
Boots aud Shoes up to a Guinea per pair, best value in the City. Ct-
Black and Brown Canvas, from 1/11, iu Children' s. Women's and
Gentlemen' s, s nice stock to select from.
Come early and have a look round.
Bring your Boots and IShoes to be Repaired at your own
shop, where we use the best leather and pay fair wages.
aorttl, sttddata io nsaotaorts, rrtotara Lioaato
