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Barddoniaeth. .


Colofn y Gyrriry.I


------__---------VESTRI EBENEZER,…

Ferndale Industrial Co-Operative…


Ferndale Industrial Co-Operative Society. A MEETING OF SHAREHOLDERS. On Wednesday evening, at the Trerhondda. Chapol Vestry, a general meeting of the share- holders of the above society was held to hear the report and statement of accounts for the last quarter. Mr J. Griffith Jones, of the firm of Messrs Jenkins and Jones, Chartered Ac. countants, Cardiff, read the statement of ac- counts in English, and the secretary, Mr James J Jenkins. in Welsh. Mr Thomas George, chairman of the committee, presided over the meeting. The chairman, in his address, con- gratulated the society upon the very prosper- ous trading of the last quarter. They were to-day, although of late years they had been subjected to very adverse circumstances, upon a sound financial basis. Since the ending of the liquidation about three years ago they had prospered by leaps and bounds. (Hear, hear). They had during this period redeemed all their liabilities. The last instalment of a mortgage of E4,000 with the London and Pro- vincial Bank, Ltd., was paid last quarter. They had also reduced during that time the-sundry debtors, which once stood over E2,000, to a little amount over £ 100. This, he considered, \la3 marvellous work, after considering the difficulties the members had to oontend with during the time of the recent coal struggle.and what was most pleasing of all wa" that all the debt incurred by members in that period was to-day cleared within about £60. (Applause). The membership at the end of the quarter was 1.078, being a nett increase of 37 members from the previous quarter. The outcome of their prosperity, he contended, was the loyalty ar.d unanimity that prevailed amongst them as members. This was always essential to the success of any society, and that there was al- ways strength in the combination of forces. It behoved them again in the future to give the same unanimous support; as by their unity and steadfast working the prosperity of the society was guaranteed. (Applause). The accounts were as follows:— £ 18,619 ,4s 10bd, with a nett profit of E3,500 9s 2d, to be dis- posed to members at 3s 6d in the £ in the grocery and drapery, and 4s 8d in the butch- ery. Cash in hand and bank, £ 5,934 9s, and the sundry creditors, P,568 18s 2d. The Re- serve and sinking fund were zE2,481 Is 5d, and the sundry debtors, £ 107 13s 7d. After the adoption of the report, the election of officers fthe Committee of Management was pro- ceeded with. Mr Thomas George resigned his position as chairman, and Mr Lewis Watkins was elected to fill the vacancy. The auditors Messrs Jenkins and Jones, Cardiff, were re- elected for the ensuing year. Votes of thanks were accorded the Committee of Management and the chairman for their services in the past, and the meeting concluded. I. "J1 'J IN



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