Show E D I 1 TO it I 1 A L r CO 00 IN ENGLAND ry by courte courtesy ov of president george A smith vo ve have li vo been favored with a perusal of jato hair half yearly reports and aud balance sheets and tho the printed ru rules ioe iee of the li leeds eeds england rn in dubria du I 1 co cooperative ope rati 1 ve society limited also a letter partly explanatory of bf the tiie operation of the tile society 0 tho tile oba eat cat of this society is to carry on in in common the trade of general dealers dealer both wholesale and dna re retail t all ail r nur fur or the bd ietter tetter it enabling aballi them to purchase food firing clothe clothe sand other also for the purpose of manufacturing eipur or of spinning weaving and matl mati manul 1 acour ingrad ing 0 cot cottonn toni tori hemp ilax wool wooi I 1 I 1 silks and yarn also abo the business df of farm far oar farmers mers meis ersi builders mal mai makers malters cers iron manufacturers worker 1 ela ell of f mines and alid qu quarries arrles arries niso also alsoto to buy busand bryand taud tand seil feell jand ran Anex extensive ve field for opera operation elon eion tho tile funds of the tho society ate are raised in one pound share no member to have less than five nor more than two hundred shares to be paid in full fuli fuller or by installments of not I 1 less ess than two shilling shillings 9 monthly until two shares are paid if the tile remaining iud ind indig in hig three ahree shares eliares are bot nob otherwise paid 10 per cent of the members profit i is s deducted every half year at the tiie discretion of the tho directors a in member cluber may maybe be admitted bedat at an entrance fee of one shil shii ling but who receives no profits until lie he lias has paid two pounds nines fines fl nes may be levied for nonpayment non payment and if six months expire without contribution or adequate ade nde quate excuse all moneys paid are to bo be forfeited surplus funds of the society may be invested invented iii lif in certain ways by the committee of subject to the sanction ot of a meeting of the tho members or the tho amou abou amount rit tit of shares may be reduced the highest highes t first members membris may withdraw with their money due under cert certain aln ain regulations shares are transfer rabie rable th they y are also ulso forfeitable forfeit able ill in easo ease case paso of ae legal tl claim of the tilo society against the holder older li shares aie are forfeited or held in m abeyance on the death of the holder or in in the event of five years absence of claims on or dealings with the society subject to discretion a as to other othen claimants here is 13 is lg one of th the most important of the rules T the net proceeds of all business carried oa on by the said society after paying or for tho the expenses of management interest on loans the tho proper proper reduction in dalae of fixed stock und and for such interest upon the subscribed capital thereof as from time to td claie tl tle tie be applied by direction of the ba half yearly meeting either to ta Ine increase reasa rease the capit atit n or babines ba sines cines of tle the society or toa to any x provident purposes author authorized izod hy by the law liwa lawsuit sill slit in force in ita respect to friendly ties lles or shall ha dl ideal aon among the mem bers bura of or tae tze tj society in equitable proportion to ti the anifant of their respective trading no member is allowed to vote until one ono share be paid up list of membership to be open to inspection of members and creditors eacil each member receives receives a card with his number upon it also a book with dr and ur cr account of hl his dealings with the society to correspond with the so cletys chetys ledger and to be handed to the tiie secretary half yearly A majority of 0 members at a meeting may remove or app appoint off omm leens officers under certain ertain regulations fans or cr appoint p n t a special coun coin committee cittee to to laves investigate t i at matters affecting the society the secretary is required reul red to ask every member to nominate nomina nomi nate aate tein in writing any relative to whom his shares and Jn interest terest may he be transferred on liis his decease the tile of management go have discretion either cither to make ulain transfer to such nominee or pay ilia the nuli nuil full lill I 1 value of the interest terest inroad of transferring it all members residing within three miles of or the tho socie tys s place of b business sines siness 3 are liable llabre to servo officially if comiti nominated ardd or fined on refuel fual fuel the jhb briety is ls inan managed aged by a board of twelve directors who llave lave control of all the business of the r as specially arranged arm aged for in regard legard to cottage building 11 V h here e re are arc iso t 11 ree reo or mor norn audi tors one elected hair half yearly jearly bud lud and aud all retiring in rotation Allon ailon rera kera are paid for their urylee ery pry ices ai WA and are eligible 1 l for reelection election re the migna ture tur e of the secretary coall to all nil contracts contract made by the conclusive clu sive the directors meet for business once a week and as much oftener as necessary five forn forming ing lug a quor um they elect their own president who has the casting yote vote al op point a secretary anit and select their committees no member eligible for directorship if not a member twelve months with willi two tto paid up shares and he mast wast riot be a similar society in latho the same borough in the the president or chairman a chair chaire e man pro tem tern may bei bel elected no paid servant t of the society js eligible 1 bi 1 a for president erit exit director oc or auditor to r the term of office for directors is eighteen months four tore to retire each hait half year the auditors examine the books and accod accounts ants of thu the tto society clety monthly prepare a balance sheet in april and october sanctioned by theal themi the di rectors and in january and july prepare a detailed report for printing i D and d distribution the he directors appoint and control the labor servants of the society responsible ones giving security each member may propose by filling a printed form one director the directors are chosen from nomination lists liw made from the above forms by the tiie society general busine business ss meetings of or the society are held quart quarterly tp efly etly portions of the may be granted by the directors directors to the committee appoint appointed edby by them for the advocacy and extension of the principles of co cooperation operation cho che rho he president OT 0 r three throe directors ora hundred members may convene a special meeting all questions aref arec decided edid idid by vote t the he majority binding the minority subject to the socie society tys a rules I 1 and the laws relating to such societies thirty members prese arese present at within half an hour from the time specified P may hold meetings s lo 10 t there here hene are also local committees who w act for and in behalf of the committee of management the directors can receive loans vains nat exceeding one third of the t share capital of the sog sop society hut but b tuy ivl the members can eni cm poWer them iii ili lii m to t 0 re receive eive elve loans not exceeding two thirds of said capital bonds aa securities curi curl ties of receipt necel recel pt etc et cof of such to bet bea signed by the president secre tary and one director A book is 19 kept in ilk which ml members ia be are requested td enter inte ad suggestions ages s or complaints relative to the tho th Q bu business siness of the society aro brought before the directors if not settled by them to the thac tio tion n of the aggrieved itie itte member ralef naief he may appeal to the next quarterly meeting no ca nth ed against persons br b articles of business unless so entered and signed by name and number of complaint the books of the society are open to thee the lamination of ot members A majority of the member members on six days notice may miny expel any member the expelled ember member in to receive his money interest In ferest as a i if it he lie withdrew and not to bo again eligible to membership for a year from date of expulsion disputes 0 be o subject to arbitura tion tiou three arbitrators td be drawn from a list in a box or giasi glass by the complaining party or his appointee e persons requiring arbitration to deposit ten shillings for co ewt emt its such costs to be finally paid by the parties in such proportion as the arbitrators may direct io action at law involving more mote tha than 1 n twenty pounds can cari be taken unless first sanctioned at a meet ingot of members parties i dundei taking such sanctioned action to be I 1 indemnifier indemnified for dam damages ages or expenses thereof the building dep department J h managed by a committee of seven beven mein members bers bens four constituting a quorum elected each time a grant V raut rant of money is made for building pur pos esthe committee to act the te grant is expended uhlema otherwise determined at meeting of members any member desiring a house either purchasing or erecting and land either elther renting or purchasing applies to the building committee j signs agreement to the rules and and dep deposits deports oIts one tenth of the cost of such house or land or proved approved Up security for the same under certain regulations if there are too many applicants the ballot determines the preference i when tho iho house Is tenantable interest on the balance gue due on it is charged chr ged at the same rate as the society pays Us members on their shares sharps shar ps conveyance made at his elpe expense I 1 apse to the member or his heirs helm 04 et j whon when all dues are paid if hf fails falls to comply with his agree with the tha tb society the tho committee of management may macevic evic him hiro take possession of house and and dispose of it as they choose the evicted to pay costs of eviction the thep interest of a member in such house may be disposed of to others other ki members or non members subject to the rules of the society the building committee have supervisory or control over such house until agthe alf nii the tho socie tys duea on it it are re c cancelled a u asan As an instance of t the h e r rates a t e of reimbursement a hundred and twenty pounds for building can be r repaid vald with interest 5 percent by ove ova per week or 13 3 5 s 8 per r quarter this total would be t tet tel anus u 9 liquidated in twelve years and ane E month the amount can be paid ad quicker if it the payer choose after ote fter ten per cent centi has haa been repaid by contribution the directors have power powen to grant gnant exemption or delay of three months from cout cont contributions r ibunious in alse else case pt inability or distress of the payer payen and ahmo months further exemption for each tenth paid by he also pays five shillings ggs per annum for working exp eap expenses apses the tho C socie bocie society tys usual rate of interest 19 1 9 I 1 C 13 lii d OH 01 I 1 members deposits or con contri buttons lions and on moneys paid fd far ir a houe house before J it t is tenantable table alap all xii properties ies les of the tile so society jety are insured cost of insurance to be re ree 41 by wio purchasers therm there are tanea for neglect in paying ina ida subscription for house or land diio ana and when sueh such fines nines with subscript tip tips as ana and interest thereupon equal I 1 the e hutli paid in the tiie ratio of on one a to E nite nnie nive five e the ke society may take possession and rid receive rent of the property and ailiff dispose of it if not redeemed within twelve months in the last hair half yearly report guly 39 30 the tile following figures are given hief niem members fibers capital 6 0 turnover turn over 0 0 nt profit 2 10 the latter divided into flour department za 2020 18 JJ grocery department 15 64 IS 31 drapery boots and shoes ard and outwitting outfitting out fitting departments 83 11 I 1 loal idal troal 1816 15 4 the he spital capital ghares 6 hares shares paid in receives five per cent Inte interest resL then the profits ts of the business ame are ire equal ly divided among the members in pr proportion to the extent of or their purchases c es from the society thus be ili fil es the interest on his bis paid in sh shiw shig res rei each member receives receive ea the w whole ole oie net profit on the amount of hi hii purchases from the society if th net profit of the socie society tys business ue sa is fifteen per cent centano cen land tand and a member bb i purchases a hundred pounds w or f t of goods from the society his sharn of the net profits is fifteen I 1 poi pounds inas jye jve ve understand that this society works will well and that the fairness of elther either principle or pi practice is never which speaks well for tho th honorable banner manner mannor in which the business of the is conducted and the which it gives to the members |