The coronation history of the Barnsley British Co-operative Society limited, 1862-1902 - Tapa blanda

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1903 Excerpt: ...naturally could not be expected to be a big profit-making concern, and, though the results have not always been satisfactory, the excellence of the manufactures have been proved beyond question. It was in 1893 also that another feature of the benefits to be derived from the Society was hereabouts rapidly developing, that of lending money on mortgages to members at a low rate of interest to enable them to build their own houses. Newrules were adopted, and the advantages were rapidly taken hold of, and in the course of about two years about £35,000 was lent on mortgage bearing interest at 4£ per cent. Steady Progress, 1894 to 1897. HE year 1894 opened with a sluggish trade, yet the Society progressed, and material progress was made considering the ordeal through which the mining population had just passed. The receipts for the half year ending June totalled £228,194, an increase of £14,500. The share capital amounted to £241,488, and, notwithstanding the recent struggle in the coal trade, there was an increase of £12,718. The Chairman (Mr. Fairclough) at the half-yearly meeting held on August 13th said he believed at that time the bulk of the goods sold was as large as ever, but yet the turnover was many thousands of pounds less. They had more members on the books by 233 than ever they had; they had not only fetched up the members who had drawn out owing to last year's struggle, but they had improved. Illustrating how the turnover had decreased, he said: "In the half year, two and a half years ago, we turned out of the corn mill 34,099 bags, and received £72,091, whereas during that half year we turned out 34,099 bags, and received only £46,738. In the latter half of the year there was still a decrease in the recei...