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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.

Year.	No. of members.	Amount of capital.			Amount of cash sales in store (annual).			Amount of profit (annual).
		£	s.	d.	£	s.	d.	£	s.	d.
1844	0028	00,028	000	000	——			——
1845	0074	00,181	120	050	000,710	060	050	00,032	170	060
1846	0086	00,252	070	011/2	001,146	170	070	00,080	160	031/2
1847	0110	00,286	050	031/2	001,924	130	100	00,072	020	100
1848	0140	00,397	000	000	002,276	060	051/2	00,117	160	101/2
1849	0390	01,193	190	010	006,611	180	000	00,561	030	090
1850	0600	02,299	100	050	013,179	170	000	00,889	120	050
1851	0630	02,785	000	011/2	017,638	040	000	00,990	190	081/2
1852	0680	03,471	000	060	016,352	050	000	01,206	150	021/2
1853	0720	05,848	030	110	022,760	000	000	01,674	180	111/2
1854	0900	07,172	150	070	033,364	000	000	01,763	110	021/2
1855	1400	11,032	120	101/2	044,902	120	000	03,106	080	041/2
1856	1600	12,920	130	011/2	063,197	100	000	03,921	130	011/2
1857	1850	15,142	010	020	079,788	000	000	05,470	060	081/2
1858	1950	18,160	050	040	071,789	000	000	06,284	170	041/2
1859	2703	27,060	140	020	104,012	000	000	10,739	180	061/2
01860^[1]	3450	37,710	090	000	152,063	000	000	15,906	090	110

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 45,806l. 0s. 101/2d., being an increase of 2283l. 12s. 51/2d. as compared with the previous three months. The profit realized is 5713l. 2s. 71/2d., which, after depreciating fixed stock account 182l. 2s. 41/2d., paying interest on share capital 598l. 17s. 6d., applying 21/2 per cent to an educational fund, viz. 122l. 17s. 9d., leaves a dividend to members on their purchases of 2s. 4d. in the pound. Non-members have received 261l. 18s. 4d., at 1s. 4d. in the pound on their purchases, leaving 8d. in the pound profit to the society, which increases the reserve fund 104l. 15s. 4d. This fund now stands at 1352l. 7s. 111/2d., the accumulation of profits from the trade of the public with the store since September 1862, over and above the 1s. 8d. in the pound allowed to such purchasers."

[1] 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 45,806l. 0s. 101/2d., being an increase of 2283l. 12s. 51/2d. as compared with the previous three months. The profit realized is 5713l. 2s. 71/2d., which, after depreciating fixed stock account 182l. 2s. 41/2d., paying interest on share capital 598l. 17s. 6d., applying 21/2 per cent to an educational fund, viz. 122l. 17s. 9d., leaves a dividend to members on their purchases of 2s. 4d. in the pound. Non-members have received 261l. 18s. 4d., at 1s. 4d. in the pound on their purchases, leaving 8d. in the pound profit to the society, which increases the reserve fund 104l. 15s. 4d. This fund now stands at 1352l. 7s. 111/2d., the accumulation of profits from the trade of the public with the store since September 1862, over and above the 1s. 8d. in the pound allowed to such purchasers."

[1]