< Page:Principles of Political Economy Vol 2.djvu
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370

book iv.chapter vii.§ 6.

nack published by the Society, shows the pecuniary result of

its operations from the commencement.

I need not enter into similar particulars respecting the Corn-Mill Society, and will merely state that in 1860 its capital is set down, on the same authority, at 26,618l. 14s. 6d.,

The latest report to which I have access is that for the quarter ending September 20, 1864, of which I take the following abstract from the November number of that valuable periodical the "Co-operator," conducted by Mr. Henry Pitman, one of the most active and judicious apostles of the Co-operative cause : "The number of members is 4580, being an increase of 132 for the three months. The capital or assets of the society is 59,536l. 10s. 1d., or more than last quarter by 3687l. 13s. 7d. The cash received for sale of goods is 45,8062. 0*. 104<i., being an increase of 22832. 12s. 5^d. as compared with the previous three months. The profit realized is 57132. 2*. 7|c2., which, after depreciating fixed stock account 1821. 2s. 4^d., paying interest on share capital 5982. 17*. 6d., applying 2 4 per cent to an educational fund, viz. 1222. 17*. 9d., leaves a dividend to members on their purchases of 2*. id. in the pound. Non- members have received 2612. 18*. 4d., at 1*. Sd. in the pound on their purchases, leaving 8t. in the pound profit to the society, which increases the reserve fund 1042. 15*. 4d. This fund now stands at 13522. 7*. 11 ^d., the accumulation of profits from the trade of the public with the store since September 1862, over

and above the 1*. 8c2. in the pound allowed to such purchasers. 1 '

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