+vtyrtrtyryvvayayayaytyayv vvvsrryvnty'otytyty%'%'0'osrersr%'tyay0'0'hyohvoooovvtyvovsrtyttrrrrtr vvvvtyttrvovvv'vvvvo woad THE LINCOLN CO-OPERATIVE SOCIETY LTD. (Established 1861) FREE SCHOOL LANE, LINCOLN at a «t a a ct a a ', , :':, Half-Yearly Report and Balance Sheet iI-.:;. '. , for the Half-Year ended 20th, March, l9l8 NOTICE IS HEREBY GIVEN THAT THE GENERAL QUARTERLY MEETING of Members will be held in the NE% HALL, FREE SCHOOL LANE, LINCOLN on MONDAY, . 24th MAY, 1948 COMMENCINC AT 7W P34. il NOTICE OF BRANCH MEETINGS IS GIVEN ON BACK PACE AGENDA OF BUSINESS fax Taro Defog ~ » wH «H «* It n 4 e ~~~44444444444444444444444444444444444444*44444 Co-onerntive Printing Society Ltd, Lace Ivtonor Streer, 4444. 4444 Stan etrente r : r-::-';. , , 5. Ncmunanons ates to attend the @VS. Quarterly Meetings. The meeting in November ia ' I:: -'. restricte to members residing in the country . sct members residing in the city area (Rtde fsf; fr. Election of Four Members to the Cenersl ~;, oi the Li oln Society Ctnaperative P rty. . ;. 'i';". 'r, l". :t ' 4-.. 'Nomhnitioiis for Five Membets. of the Education : at
32
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iI-.:;.'., for the Half-Year ended 20th,March, l9l8
NOTICE IS HEREBY GIVEN THAT THE GENERAL
QUARTERLY MEETINGof Members will be held in the
NE% HALL, FREE SCHOOL LANE, LINCOLN
on MONDAY, . 24th MAY, 1948
COMMENCINC AT 7W P34.
il
NOTICE OF BRANCH MEETINGS IS GIVEN ON BACK PACE
AGENDA OF BUSINESS
fax Taro Defog
~» wH «H «*It
n
4e
~~~44444444444444444444444444444444444444*44444Co-onerntive Printing Society Ltd, Lace Ivtonor Streer,
4444. 4444Stan e trente r
: r-::-';.,
, 5. Ncmunanons ates to attend the @VS.Quarterly Meetings. The meeting in November ia
' I:: -'. restricte to members residing in the country .sct
members residing in the city area (Rtde fsf;
fr. Election of Four Members to the Cenersl ~;,oi the Li oln Society Ctnaperative P rty. .;.'i';".'r, l".:t
' 4-..'Nomhnitioiis for Five Membets. of the Education :at
DIRECTORS' REPORTFr(fest-hfe bcri,
We have pleasure in submitting for your consideration and approval our Report for the Quarter ended 25th Decembe't'I I94(!
( ) Safes.—The Cash Sales for the Quarter amounted to ff625363. being an increase of %98%9, in h9 per. cent over thendjng pedod for 1947. All departments, with the exception of the Cafe, Fish, artd Beetrical, , have', cmttttibutsd fn tfds'increase, and we wish to convey our appreciation to the employeestfor the coietinuabon of their+ffttitgi amf loyalty„'.
(b) )tfmnbexship. —The present membership is 36,134, which is an increase of 295 for the Quarter.
(r) Mezobevs' Outing. —Llandu duo has been selected as the phnca to be visited ibis year on the I 1th luna, end the erisngsmsfof thc ounng are being made by the CW S. Travel Service Depart'ment t -Full details ol, tbe tattogafde, places of interest to beassn and inenus are given on the bills which are displayed in all branches We intend to stop at Hykeham ou beth the~aend return journeys for the convenience of residents in this area. Memberi ate lastttmterkt'olbook early for this triP as the nimbers
will have to be limited.
(d) Self Service Shop.—At the time of going to press the conversion of tin SubZeiitr'el Cricery to Self-Setvice j4 b'sing
ph, oned and the early results of this new ~enture will be available at the meehng. It remains to bc scen how Lincohttpeopmspond to tide very latest method of shoPPing, but where tried in ofhm"Parts of the country it has neatly increased stdstg savedthe customer waiting and proved veiy economical to woik with a iteghgibhrr~'. 'Writs'lufctgate Ififtttolti 'njiib}'rs will jjlelightin seisnag themselves with unrationed goods and eo ericmuage the extension ef crgrvefeian tft
' ";s)t4iiiy st'icietau ip anddown the country are planning to turn all grocery branches ovei to SdfServiee. 'and in fact vt 4ew of them am already well
.'i, ''''' 'established with this new form of trading.
(c) Travelling Grocery Shop.—The Societyis &it Tvavelijtng Shiip vt4I biiftn vffbfdttd in mirly' Febrtmfu itbd 'wtii be~,to Bracebridge Branch to service the. outlying estates of; this,'shop ipdudntgthi, e
''ng,
'Heath Dfstnck
,t...vjiff be delighted by the selection ur thisvejy compact shropvdnch they' dtj8 e"
.if 'fhFt rlssit"' "'
ktave by an iemt;-'., ; 'driver'a cab. Further travelling Shops will be obtained svhen avid)able to give d store frequent iarvice 'to 'other tmtsof
6 'KT. Herrk —The milk yield of the Dairy Herd is now'a, ' ' ' 'oyer'. I„I5():galkmss tt' sttae)t and hti ~ ~nt of the Lincoln Redst The cattle are.nsffne ctmthjmu
' ' ' '': ' ' ' '„bytbafgqaeB's V~
n e
e
h
n44!~wcme Pleased to inform you that'we hstvte ba&~teix:: It'is" "
. .'
'ittf'gFfjttk~4hfifarmone if tfm.tha tgune time profitable part of our Society'a ainu ingie-„'~~»;-",',
s's"-'.~~+tj' Bntcfmry Dep'attmeiit at the~e~~~yrat inother contribution by the Society to' t'he Gnoearnmiimit's ', "-for~fjltsi'd~ Iijj tfjil c'tmsit'rF
"~+''i~~ijiig cantata when it is possible for controls to be removed indus)tgh tfmit dace tike pbttgr'vn fjrti'pe gif fir 6k' te neet muit rsf
&AchedM~Mybers
~~mtd
,() Gtunrtdmnam —As most of yejtxvtfff)te .t .ete the Empi. yes ~u. 't ~ '.agam your Directors discussed this «5th tfre et. '., !t"'ees i prese. .tn
«I" -" . - m mouldi~thaSttct ty ss t': tm n-nual ant. t h s»t o
y
nv
su
5m d
i i
:-.'4:d, ", :i y~:-.~~au~"-y
nv
sur
i~~
s,=,t~~a4ylruamnts in our own farms,~x.—I )342 P ~~tbrimgth if-,:~fmes, tttnitmnntfiwsgemrtss„-bichntty
~'wrdx'-8N. .sccgptg d'fttat 'tfmxvatmayim
)dipaimtents obtained satisfactory resul&'-'"=.j'xt'.=- jl; ". r!t'-."e,", t» N Cafe Anneae. —Present-day rfctsrsm will. not penmt a lic@sci:bgfng
' '
utst)mck service tea room and thi tiinskwiof tfm Gtfe. to ttur Neer. .Hi@'
l;", . -+m' ', '
'.'Annexe. but we are going abrmmdwithtbeasttsmgem'ants tomakalhi'HrnvHtdfrs~. ,' '.xdgcbsagtsbaw'baptttmk
tfffsgtn. Bfru.—We are p . ' "'tjta w ' ' ', ", '' " ",'' ' ":"' ' „'''-:,. '... 9)t)t,heft'tdsaadybrrfft
of the Private tears.,'astck'st'dltgj ~, ". ,:'W'~nrnsmgt"'
.:,':Mrgtja
Ijjfsessbtgnkifis —''Aft-frumithi, :gait gP::;'
geiif)xttt„:sts)3bfefttP'iteglbsfiW.
't)t@aivang a interview and will be onb too-pka
oyees Spo 'ts Secbon. —Y ot Dition&ts .save met teF o-
;:ett make. to t!t it Spats Section. Be!me the t.en n s: t, t
p r t eelcss spot t nnd tssopence per week to ho ptlal ' .~
. e to,.it- . e tton. Wjtsm the employees' sports contrikn;ton 'to t; t- ' t
to a total of Zj17 ls. g. Ipb 'ted. We ask the members tu tndui-t, -I t
~foyees' Welfare Associatitrn of Sl''
ar.n m
FUNERAL FURNISHENGFUNERALS AND CREMATIONS arranged in
accordance with your personal wishes.
Every detail attended to with dignity and eSciency.
FREE DEATH BENEFIT SCHEME
WHERE THE SOCIETY UNDERTAKE THE FUNERAL
BENEFITS ARE INCREASED BY 100%
Telephone —1815 Ex. 16. Night Calls —513.
2G"FER SHOPPING
VISIT YOUR OWN CAFE-FOR THE
BEST MEAL IN TOWN'
WEDDING PARTIES ESPECIALLY CATERED FOR
PRIVATE ROOhf Yr'IILABLE..i!O.' ' sl.
GOOD SERVICE "AND QUALITY461q'o
OPEN DAILY—9~/ 6 p.m
Inquiries to—MANAGERESS, CAFE DEPARTMENT.' 'Phone —1815 Ex 32.
Lincoln Co-operative Society LimitedDirectors' Attendances, Half Year ended 20th March, IB4L
Pomible Acnusl
GROUP IFOODCafe,
Daixy, Grocery,Butchery, Fruit
sndChemist
possible Actual
SUB-COMMITTEES
CROUP 2DRY GOODS
Boots, DmpesyFurnishing,
Hairdressing.Jewellery. Outfitring
and Tailoring
Possible
Mill, Bakery.Coal, Farms,
TrsxsspoxtWorks
tsnd
Coxdectionery
CROUP 3PRODUCTIVE
possible Acund
Councillor hihs. O. C Deer (Prcsidcst)
Mr. F. H. Truswe8. . . . .......... . .Mr. K Wells. ... ... ...... .........Mr. F. Grainger. J.P. ..... . . ... . ...Mr. A. Tuck, JP....... . .... . ......Councillor J. K. Fox, J.P. ... . . ... ..Mrs. M. E. Richsicb ............. .Mrs. C. I. Breeks. . .. . .... .........Mr. J. E. Hsuison . ... . ..... ......
'Mr. L B Garke ....... . ... . . .....Mr. S. T.
2727272727272727272727
26272727272425
11 11
11 10
777
666
13
13
13 12
10
13
Managing ~x Mr. , DUNCAN ~ALAA. " . ', - Assistmn Secreaayx Mr. S. BETI; A.C.SA
Public Auditor x Mr. K J. WALPOLE. Cerpoeahas Stunt, Mandsestar 4.
ELECIION OF DIRECMRS t RESULT OF VOTING
Result of Election of Six Directors: Mx G Dean, 710; Mrs W. K.Martin, 685t Mr. F. Grainger, 481; Mr. H. Wefis, 467.
Mrs. O. G. Deer, 356: Mr. S.T. Buttery, 318 (the foregoing elected to satve fer two years); Mr. J.E.Harrison, 439; Mr. T.W
JaCkson 434 x Mr S W ~395;Mr W BuckxssR31 I; MmE Mesrifis'241 4 Mrs D MDixon 216: Mr J.R Field, 129
Miss F hL Carton, Sk
l&% cAXSIMIL
1%8' -'; . . ':,: . 1948
Msy 17—Whit-Moaday. . May 2~1y Meeting.
Mey 21—Loan gs Special loan Boolcs sea@. June 2(-tuaatee End.
1948Aug. 2—Bank Holiday.
STAWMNG ODEIKQS,
I..RIXES 50-'4. Netsee of sssetson must be exbxmtcted m wnamg au, less than- 28 dsrysc'~4' sbsta. 'ehthe axestmg
days' notice is required cf any amendment to s proposition appearing on the Agenda.
2. That no member be allowed to speak more than once on any morion at the ~,or suy other General Meeting of the
Members convened Ior the purpose of transacting the businem of tbe Soriety, except the severs. of resohstions, motions, snd '-"
amencbnents wbo sba0 be afiowed a reply; snd no members shaB spek after such rsgfts
3.~easmdxeents axe made upon original pmpmitions, no second amendment shaH be taken into consideration uxstj) -.„","'
the fust~bss been dssposd of (a) if a first asumdment be csuied it shall displace tbe original question snd become i~o~x *
the question t (6) if tbe fina anendment be negatxve thea the seessd may be xaoved to the original question under coasiderstnsry+Q', ';
oofy one asendment shall be submitted to tba Mesthn'fcx ~at mm riase t.(c) the move' of every resofsmon and of essssA
smendmaxst shall have s right of reply, immediately aber~cpssst'un ihsdf bc put from tbe chair; but no other meutbrqggq. '.
j sbefi bc sllowecl to speck mate then once oa the sime question. uxdess peruksiicu ha given for personal exphmstion, or tbe attenhon~
of dm chair be csfied te a pomt of order.
4, Time limit of Mover of.Resolution be IO mimum; tbe other spalcars nct more ksn five minutes.
5. When any motxon cr smasdmexxt hss been made and secondek it is opau s» any sssembsx to propose tbe "previous quesrion,"
Io, that the motion before the Meeting be not pre. The mover and ascender ef the previous question" cannot speak sfterwmdi.
'on the motion before tbs Meariug
6. A motion once cerried stssdt not be rescinded at any meeting srithout due notke having been given.
s'-,". -" g$.":; 7. That all questions nkstisg to dm Balance Sheet which ase sent to' tbe Secretary before tbe General Meeting, shall bsve-
pfefexvr ce.8. When the Preudent rises to speslr. members shall take their seats ~ly.9. Complaints snd saggestious most be made in~with Rale N.
10. Standing Orders may be~by tbe votes of a majority of members present if the President or Chsinaan. decides
'-"~a„'~-:",~sgttuf0. u sxsotjsm to du t effect.
DIRECTORS' REPORT
21 3102472
Fcffsrs-Maab err,
We have pleasure in submitting for your approval and adoption the Report and Balance Sheet for the Half Year ended
20th March, 1948.
(a) Salas.—Tha Cash Sales for the Half Year reached a record for the Society of Ej,066,16(.despite the period under review
being for 25 weeks only. This figure represents an increase of f107,723 against the 26 weeks of the conesponding period, and an
average weeldy increase of E4,309. AB departments have contrilmted to this increase, and to those members and empkysm who
have helped to produce these excellent results we extend our thanks and appreciation.
(I) Membcrshrp. —The present membership of tbe Society is 35,442.
(c) Babmce jsposabb e.—After meeting eB charges and allowing %15.4I5 for depreciation of Buildings, Fixtures, Ice., and
816,258 to meet Intcrest on Members' Shares, there remains a surplus of f59,008. We recommend that Dividend bepajd on Mcmbers'
purchases at the rate of le. 4d. in thc f„anda grant of 8590 14s. be made for educational purposes. We are pleased to be abk to
recommend this incmase in Dividend aver tbe last Half Year, which has been made increasingly cfffficult with dinunishing margins
and rising costs, and we appeal for thc utmost loyalty from our members with their purcbams to reduce the rate of expanses.,' iL;
(d) Saturday Closing. ~recitations with the Trade Unions have resulted in Saturday half-day being gninted to same o
distributive staffs. Your irrcctos wish to keep abreast of changes in conditicms of employment which are taking place
down the country, but are anxious not to limit the shopping services to our members, and have desired to maintain a co9zso 12 6
service with our competitors. Where alteration in the hery is talcing place, ampk time and notice wiB be giv
the change over' takes place.
(e) Intertrad'mg. —This scheme has continued to function satisfactorily, and we hope that it may be possible in th'
to obtain dividend by trading at any Cooperative Society in the country. Members who intend taking their hc
Lincolnshire Coast are remuuled that aBpurchases they make at Cooperaffve Shops wiB be automatically transfswec'
with our own Society; Societies sheady in the schcmc are: Boston. Gajnsborougju ~Cr jmsby, Lincoln
Retford, Scuntborpe, Spalding, and Skegness.6
(f) International Crswperators' isry, Brd July.—Arrangemcnts for the commemoration of this day sra presser,
hoped to stage on the Society's Sports Field. Whilst nothing has bosn finalised it is intended to organise Cb
Baby SbowcChojr Iterss, Folk Dances, Itc., and an invitation is being extended to Mr. Hugh Daltonto pedonn thc opc
(g) St CQas~Site.~egotjatjous are proceeding with the Lincoln Corporation for the fiist refusal of tlx
tbsy intend to build on Swift Car dens. We are anxious to extend our services in this aria as soon as circumstsnc.
= being donff.
(6) TtavaBsng Shopa —We have ordered two modern Travelling Crocery Shops whrch vnff enable us to consohdate our rff
and at the same time give regular service to our members in out-of-the-way country places.
(i) Frmt irnys. —Members m tbe~,and St. GBes districts will already be acqaainted with tbe fnut drays now plying
these areas. It is realised that two diays cannot fully service these areas, but so sbtjsfactory has been tbc: response to this rww
tlmt more dr will be nut on the road at sn early date. Arrangements have also been made for a Quick-Freeze
refrigerator to be justa)ted in the Antral Fnut Shop, which wiB enable us to supply freshly-frozen huits aB the year round. Wc
!=-"'-'-'-, i":"-"= feel tba need to get in on the ground Boor with what wiB raost probabjy be a development of the future.
(I') SlssB~lbazpa. —We have purchased tba grocery and bakery business of W. Sturdy, at Skeffingtborpe. Members resrdjng
in thrs district will know of its exceffem reputation, snd it should prove a distinct asset to the Society in addition to enabling us
to bc'on the spot to develop our trade in this area.
(ft) Sfaaattm and Tobacco.—The recent Budget increase has caused us to reduce ths rate of dividend on these saks to
6d. in the & llm amourn of tax on a 3s. 6d. packet of cigarettes is now 2s. 10Kwhich does not produce any profit, and we think'
!.:.':.=*' ycu wBI alee that we crm uo longer afford to pay fuB dividend on these commrocfitjes.
0) For tbs Bms time in tits history of 6e Society tbs Saks for tbe year have exceeded 82,000,000. This i~ a wudemttrl
acbjevamant for a town of 66,000 pcople We can estimate that two thirds of tbc trade was done in the town, so our feffow-mexdmm
m tbe country have pkyed therr pert ecpsaffy well The cash sales for 51 weeks were $2,062,349 14s. 2d. , which is sn jncrcam of
B195502coa9auad with last year. OLu target umst now bc three mjBjon pounds per annum, snd with your loyalty snd help "We
crm make it.
(m) In attajnjntf this feat. Iet us say a few words of thanks to our employees. We thank them for their good work during the
yasr and kcl certam wc cau expect 'continued loyalty. and by their efforts we are confident we can increase the safm to tbc
three miffion pounds per annum.
Yours faithfully,
For and an behalf of tbe Directors,
OLIVE C. DEER, Press
DUNCAN McNAB,
STATEMENT OF ACCOUNTSFor the Half Year, 27th SEPTEMBER, 1947, to 20th MARCH, 1948
.Surplus to Account Vll. ..... 79380 I 0213791 4 II
. 21%2%4 15 III
By Nct SIdes ....."....................,.Dividend on Purdumes ............„Transfers—Expenses
., Stoch in Hand, 20th March, 1948
41
E s. d.
...1068864 513446 I ll13712 8 4
... 266782 0 0
21%2911 75 1li
VII—DISPOSABLE BALANCE AND FINAL REVENUE ACCOUNT
To Members' Share Interest ..„Members' Dividend
„Educational Grant .......% Balance carried down. ....
.%1313ixitcnsl fi s. d.19171 18 650253 17 6
826 17 42282 7
72535 0 IOI
By Balance Disposable '. ..........~ ~ ~ ~ ~
„Members Share Interest Pmvrdcd .~
s. d
52935 0 IOI
19600 0 0
,.Non-Members' Dividend. .... ................% Subscriptions and Dona&on% .................„Collective Life Assurance Premiums. ............, Superannuanon Fund
„
Income Tax 42 Land Tsx ....................,. Employees' Jubilee Gift ... , , .......... , ..., ..„Appropriated for Members' Share Interest Due. .„
8 s. d. E s. d. E a d.5494618 3 1625718 3 3613710 5
19919 3 1140888 14 2
5924 13 9903 9 0
2469 11 9P)7200 0 0
2558 19 ll4369 16 I175¹13 10
226210 06270 0120 0 050 0 0
315 0 01000 020 0 0
5560 lo 72000 0 0
1500 0 0
8' s. d1447083 18 I
607 13 05412 0
254080 3 1049915 14 8146&79 10 6
903 9 01 23417 12 431667 0 0
8030 0 04550 0 0
21100 0 07200 0 0920 0 0
2588 o o
E s. d.114755 17 7(F) 78 8, 2
310 I
18737 19 946553 3 79155 13 5f
147 14 0'4069 '19 5
g)7200 0 0
2213 0 0
c . c.1332249 12 4
604 2 1154 12 0
235342 4 I452552 11 I137523 17 01
755 15 0119347 12 11
31667 0 08030 0 04550 0 0
21100 0 0
920 0 0375 0 0
13Z52 10 10 28435 18 I 45198 I 02548&JP 13 '5 38215 6 Of 2345072 7
c f55,737 los. 5d. less appropriated Interest EI9,600. (Fl Forfeits and Fines, (T) Transfer.
-' EDUCATION COMMITIEE REPORT FOR HALF YEAR ENDED 20th MARCH, 1948.
FdhacaMcadact.
We'have pleamue in subn&ttiaag uua"Repott for the Half Year ended 20th March, 1948.
Cultural Groups .—-(e) Tha Senior Chair has been s~ reoqpuused, membership has incteased condchnjbfy, .and is ncw completing
preparations for the forthcoming production, of "Tom Jones."
(6) '1he Iunior Chmr ia not making the progress. we should like it to make; tbc otit essential is a larger ~hfp.(c)The Ccawperative Arts Theatre Garild has been unable to give a pubhc performance yet, vines eo effmt has been
concentrated on rehearsals for the Festival oqpcused by the Midland Cocapercatfve Ihsma Association in which they
—This phase o'f eur work is aanderteksn jointly between the Board of ai actors and this Committm, and
vmmuphucScd to teport that during the cununtseuuon, 23 employee have studied conespond'ence c'ourses, 23 were in local classes c
aud 4i, mamber ol students entered fot the Orethcmataiatg ~aas is a total of 44, covering 14 diffcxent subjects.
." With the coapotation of the LEAc'Yci'uth ~a instruction in hsndicrafti is now indudcd a's 'peit d the groups'
activities. Leadership, howe'ver, is stiB a prohhxac
will be given on 9th April when we are hoping'for better support. then. waw gtven to the ffrst tuu hctures.
We are now arrangiaig cancan 'prograiimws for scum cf tEe mess in which new
.—Many new books have been added co stock and. s'ume the ebangc in proccdme whereby a charge of Id. per bock
been made, we ate adding a.few every month as y'k
,f+ the Ncx 9 Ljaacoln Dmtrict of the Midhmd Cocfaaasdie Educericm Ccmmiittees'' 'on on
"
~, and hai proved to'hc of immenm b'enefft'to the studs~ y mcm ri e
partidaemse scum Aduh, Cbasses for members on penaahhc
tmgumarats +I) Endeavours are bemg made to orgamse scum
wiR be 3 d July. (3)Agai thi Childr '* H Campnext winter session. (2) A joint cnmmittee
veral Midland societies may wish to ~ate in the schemean even I
F. Iceventon vuas eleeuul to this couaaitlee to ffll the vacancy ca y e e
jh,.:-;- m„~to tha.~of Dnecmrs. - At tfm mmncd ~of.f'tbc Educetaon Committee, held in January, Mr. W. Badumo
limited resources, itis a peddem for as toffnd ways and means 'ng e pr
t support and encoutegement cs staR cared d we are to eduevc te success sn e
c c(
ctc
PA~ E s. d.27 17 620 15 4RECEIFIS fi s. d. ,
E s. d.
To Balance to Bjn.—Cash in Hand. ...... 7 19 I
812 I
By Committee FeesDelegations ..
Salaries-tmy ...... .. . fi216 5 0
Library Assistants. .. 143 16 3Gnmts from Socfety-
EDUCATION COMMITTEE ATTEbRANCES.General Conk Sub„Com. General Com.
tName Pose. Actual Pose. Acuxal Name .. Pose Actual
Mrs. L Baker ......-........~ 15 t13 8 6 Mr. H. H. Ladlow .' . ... 15 llMt. R. E. Bemrose .. ..--"".15 15 4 4 Mrs. E. Leggate ..... ....... f5 15
Mm. R. IL Brown ............ 15 15, 5 3 Mr. A. Marston ... ...... .. 15 15
Mr. W. BuckuaIL. ~... ~ -.-"~ 15 - 15 — — Miss A. G. Whittslker. ....'. ... 15 15
Mm. D. hL Dixon ........,.... 15 -. '- 15. 5 3 sMrs. F. Lsventon .... ........ 9 27
Mr. E. Goulding .............. 15 13 2 2v Elected November, 194?. t Side 1. 2 Sick 2.
There me SubCommittees for~tural Grouper Library and Side Appliances; and reptemntativesthc Joint Committees fot Tedmical Educsrion and International Cooperative Day.
LINCOLN SOCIETY CO-OPERATIVE pARTYREPORT FOR YEAR ENDED 20th MARCH, 1948.
Frfhmfffasf uv.
We have pleasure in submitting a report of the activiYies of the local ~ative Party duri ng e year.
May ftuy.—ln conjunction with the Labour Party and Trades Council we took part in the May Day celebrations.
frk. J.BaBcy (Ganef al Secretary, Co-operative Party) was the speaker at a joint meeting of the three bodies, on Sunday, 4th May,
1947 Arrsngemcnts are now being made for this year's demonstration. Mr. H. G. Clods (Education Secretary, Lincoln Society)
bm accepted an invitation to give an address on the worlr of the Cooperative Party.
)(.CL. Meeting. —Mr. W. Coldrick, hip. (Cjurirnmm Coopenuive party) was one cf the spsaluus at a meeting orgsnimd by
dn National Council of Labour, in the New Hall, on 22nd June, 1947.
Propaganda Meeting. —Mr. W. T.Adams (Cooperative Labour MP. ,~th) was the speaker at a meeting held in thc
New HaB in October. We regret that the aunndance was disappointing, and your Exccutivc Committee, after giving careful
ccmidsrarion to this matter, decided that the time was not opportune to carry out their intention of holding mcntfdy racetings.
Municipal Elections. —ln response to an appeal for help from the Labour Party many of our members gave their services
daring the Election campaign.
Aanual Conference. —The Party was m~ at the Annual Corderence, and the delegates gave good reports of the
pressed' gs at a meeting of individual members, held 28th April, 1947.
Social Evening. —The New Year's Party, held 16th January, 1948, in tbc New Hall; was welf attended, and a very ucjoyabls
evenmg was spent by all present.
Panel of Speakers. —In an effort to make more widely known the "Aims and Objects" of the Cooperative Party, s panel
cf speakers has been formed, and the Execurive Comnuttee wishes to pain& out that their services can be obtained by Guilds snd~' mganisations on application to the Secretary.
Membership. —The number of indivrdual members at the end of the year was 165, and the Executive Committee appeals to
snd employees of the Society to join the Party and, so help to make its in8uenm felt, both locally snd nationally.
Eleven Executive Committee and three General Council ~have been held doring ths year.
Subscriptions for 1948 are now due.For and on behalf of the Executiw Committee,
G J. BROOKE, haffmssc
A MARSIDN, Sccreary.
STAT~ OF ACCOUNTS FOR YEAR ENDED 2()th MARCH, 194L
RECEIPISToBalauce at GWB. Bank ~
-'~ ~
s.Cash in Hand. Sccetary ~ ".-, lnterus, GWS. Bank . ..; - "~
Sold. .. . . . ....."-~
„SmialEvenmg., Su scripious .
!PAYMENTS
. - By.Prsgmgmrda snd Lfscmtrw
Bud.13 7 0.'413 018610001500310, 0:,-
21 15 0'
2216 6140150084f'53 3 0503
,„.81 19 ll,+'=6 9-018 4
.-144 6 95 9
)$4 99 0
1 have examined the CouAccounts, snd hereby certify the ~correct.
H. J.WALPOLE
C.WB AurBt OIB Pubhc Aud w.
~r'' -'S01L if' 11 3
hr Labour Party" " """""Ev mng". -"=- ".""' "'"""
„Monthly Lsw„N.GL' Mccung
'„'CWX~ fhd. ", C hm~~ """""""""
12
NOTICE IS HEREBY GIVEN THAT BRANCH - QUARTERLY MEETINGS WILLHELD AS FOLLOWS .—
A NORTH HYKEHAM BRANCH PREMISES (Rrprcsrarariacr Mr L B - Ciarl sir Friday, 21st May 1948, at 7-9 panAt NO TH
On the BRANCH PREMISES at: RrprsrsalariccrRrprersarati err
BASSINCHAM ..................... Mrs. M. E. Richards. SLEAFORD . .. .... , . .... , .... . Mr H tpeBs. . ...... , ..... , ....... , .. Mr. D. McNab. MARKET RASEÃ. . . ......... . . ... . . . Mr. S. T. Buttery
WELBOURN ..............,...... . Mr. F. Grainger.
Saturday, 22nd May, 1948, at 6-39 p.m., exceptmg Bassmgham, at 2 pan.
DIVIDEND AND INTERESTWILL BE PAID AS FOLLOWS:
GENERAL OFFICE
MOORLAND AVENUE BRANCH
SLEAFORD BRANCH
TEALBY 'STREET BRANCH
NEWPORT BRANCH
METHERINGHAM BRANCH
MAY 25th—JUNE 5th (mc.) 10 a.m.—5-30 p.m.TUESDAY. MAY 25th 10 a.m. 4-0 p.m.
DIVIDEND WARRANTS MUST BE SIGNED AND PRODUCED ALONG WITH SHARE:BOOK BEFORE PAYMENT WILL BE MADE.
ALL DIVIDENDS AND INTEREST NOT WITHDRAWN WILL BE AUTOMATICALLYTRANSFERRED TO SHARES.
SHARE BOOKS WILL BE MADE UP ANY TIME ON POTATION OF WARRANTAND PASS BOOK AT GENERAL OFFICE OR BRANCH.IF WARRANT IS NOT PRODUCED, PASS BOOKS WILL BE MADE UP AT GENERALOFFICE ANY TIME AFTER THE 21st JUNE.
COLLE CT YOUR WARRANTS DUR ING THE WEEK 18—22nd MAY
QUARTERLY REPORTfor the Quarter ended 26th June, 1948 .
oI
f:;':p
I1
I
NOTICE 'IS ~Y GIVEN TEATct facA sfftf@q
QUARTERLY MEETINGof Members will be bebI itt Ibe @if nl ort".'a--"'w. lf'"-"
r -e, . Dedaration of the election of Members' jives m C.WS. Meetings to be bsM in1. Minutes of last Quarterly Meeting.
2. Directors' Quarterbt Report. „:arse I e&P„';:et.trr'Ntrv'
3. Decfaranon of tbe electron of Sis~Ehtcation Committee
NEW HALL, FREE., SCHOOL LANE, LINCOLN
on' MONDAY, 16th AUGUST, 1948
COMMENCING AT 7W PJN.
I
NOTICE OF BRANCH MEETINGS IS GIVEN ON BACK PAGEIbtctsr 1
t'tire'v".,tff 'r.'y. - I
AGENDA OF BUSINESS
Co.operative priatiae Society Ltd. , New Moeat Street, Maacheaer 4urt'roe
I
Lincoln Co-operative Society LimitedDirectors' Attendances, Quarter ended 26tIt June, IB4S.
BOARDand FINANCE
'Anen'dances
Possible Actual
GROUP 1
FOODCafe
Dairy, Grocery,Butchery, Fruit
andChemist
Possible Actual
SUfhCOMMITIEES
CROUP 2sllr ctrm
Boots''Drapery
FumhcbfngHairdressing,
Jcwe8er)r., atfhtucg~. ailoring
Paesibk
css acCoaL Fanas,
Worhs, andConfectionery
PassiHc
Cauncilhr Mrs. O. G. Deer (Prcrid«at) . .Mr. F. H. Truswell. ...... . . ..... . ..-
Mr. IL WellsMr. F.~,JJ c ..... . . ...... . .Mr. A. Tuch, JP..... .., ............Mrs. C I. Braohe. .......... .........Mr. L B. Cbuher. ..................Mr. S. T. Buttery. . ..................Mr. C. Dean. ........... . ........ . ..
— Mr. W. H. Msatin . ............ . .. -
1515151515151515151515
1414151514151415141515
7 5
33 2
2
3
5*,6
!,1--;"'-
' ' rci"
jv .4
Ranmagfng Secretary t Mr DUNvCAN McNAB, A.LAA. ,- Assistant -Secretaecy, '~, Mr. S. REIT,'AI+A, .' '
Ptrhlfc Auditor t Mr. H. J. WALPOLE, Corporation Street, Manchester 4.c
POLLING ARRANGEMENTS t
Ehction of SIX hfembers for the Edasation Ccnnmeee. —The fallowing SEVEN Members have been namshtted c
Mr. Wii5am BuchuaB. Mrs. Dorothy M. Dixon, Mrs. Edith A. Carton, Mr. Ezra Goulding, Mr. Edward Herhry, Mr. Cyrfi Dl ltIIrri5s.aad Itfms Annie G.~
.a~, , r s sex c~'d%."'.
R r~ ta C WS ~M~m ~~ted as Country Representative: Mr. J. H. Mcawfield,d as Gty Reprccmntative c Mrs. Ward.
HOURS OF VOTING:CENTRAL OFFICE:
Fnday 13th August, 1948, 12 noon to 3 pan. ; Saturday and Monday, 14dt and 16th August, 12 noon to 5 30 p.m
BRACEBRIDGE BRANCH. SUlhCENTRAL. NEWPORT BRANCH, MOORLAND AVENUE BRANCH:Saturday, 14th August, 1948, 12 noon to 5 30 pan.
Saturday, 14th August, 1948, I p.m. to close of Meedng.
. NORTH HYKEHAM BRANCH a d WELBOURN. Fdday, 13th August, 1948, 1 pan «H~
e'WILL MEMBERS PLEASE Np TETHAT BALLOT PAPERS WILL pNLY BEISSUED pN PRODUCTION OF SHARE BOOM~
' -,.WHICH MUST SHOW THAT THE OWNER HAS NpT LESS THAN pNE ppUND SHARE CAPITAL STM &G Tp ~OR HER CREDIT.
' anasvcc
Afr'refers,DIRECTORS' REPORT
1948.
August 16—Quarterly Meeting.
September 15 to 20—Penny Bank Books to be brought in.
tsurbcx 25—Half Year ends.
We have pleasure in submitting for your approval our Report for the Quarter ended 26th June, 1948.(o) Sales.—The Cash Sales for the Quarter (14 weeks) amounted to X6I6,I62. which is the highest figure ever recorded in the
history of our Society. This represents an incmase of fif32,445 over the conssponding period (13 weeks), and after deduction ofone average weak's sales for equitable comps'risen the net increase is fi88,434 or 1Bg per cent.
(6) Membership. —The present membership is 35,809, being an increase of 367 for the Quarter.(c) Wireless Repairs. —We feel that tgany of our members are not aware of-the expert worluusne hip and firsswfassicervicc
we csn offer in this department. Tbitt serviaeie fogy estsbhshcd as a section of tim Furnishing department where inqukiee udff bcwkfcomad and
'
quotations gladly 'given,'
(d) Fruit msd Haeist. —Tbs nssponse to our expansioni n this deparnuent! s most gratifying, and we arc mora than satisfisdwith the results to date. .Tko fluid tfisttl pttspag iiguaaiyics rrexmffy and wacaktieigntn etiB fnomdevefopment in the neer future.
s) 'LT. SeAL Tbe pmsent cattle at Welbourn will be disposed of around the end of July, and arrangements will proceedlor. ~of the new' herd in~ early autumn. We have appointed Mr, C H. Kirby. of Middleton-on-Wc(de, Yerbs..totfrrr'frgeitirm af fftcfpfe~arid sdtb 31 years practical expsnence as a herdsman of dairy cattle we are assured that our
(J) Death Sesmffta Fnml.—From the commencement ot the new Quarter we arc operating this particular benefit —whichmembers knew ae the~Life Assurance Sch~urmlves. No prenuums whatsoever arc payable by members whose'mn~ on pmuhaees. and we wish to remind members that we have a complete Funeral Furnishing Service, whichis always amdotm to assist at the time of a bereavement.
; (y) Motor Coaefa—We are unking inquiries regarding the purchase ol a bus for private hire purposes. S we can obtain 4~uitable vehicle at thc present time we feel certain that a ready response will be forthcmaipg born intr auxJTia(y, orgauuuttkms andsift'ers in the district.
(6) BrsBdingr-Tfm value of re~~k that atm be~+tblmt+ liagnee btitg bctttt r~ fiomgfQ'ga BIB(Itand tothose of yuu who, 'bsve been ptrtfubited fmm decora4(ng ai'elm(gjfit wrt)k in idvgjufigknes kp tbfg emtifgfkm wg)fnvWa ymrapgwe you a quotafion. Wa hope too that panaission wS bctggcs~d ~ tstfjtto 4uld'4'fewfftareftauscsfor prf46tu p fftdmett'on outDoddington Road Estate.
(1) Points Coeds.—For the period commoucing August to Seggember our members camkmkforwardersa ~bfmfrmrmssan suppliei of canned fna't, canned meat, canned figh, and'condensed mfik, .whic)1 wil)89 ftlfunsjjm alfocattgf jrb 6'~ of~stra+
tisus. The prb-war datum bosisbas proved most:urdmr tu Cooperative Sa'cietim, end waitvektbme tfurjl ppgituvm'tyof hk)ng abl4to,'supply more points goods where the housewife buys her most important groceries.
(j) Loans snd Special Loan+ —ln the past we have restricted deposits in these accounts to k?00, but we have dmided titpktce no limit on them in the future. Members have repeatedly complained at having to withdraw their surplus funds wfuch canaccumulate from now on. This does not apply of course to Share Capital which is rintricteil lofi200 by Act of Padisment.
(@ The future dividend which wc will be able to pay is not easily forecast. A faw examples sf decreased profits snd increasedex'fiances wiU perhaps help you to understand what your directors are faced with in tfm immsrfistc future.
I. The price cuts will cost us fi2L000 per annum.2. The recent new wage ageement fifk500 per aumnn3 yllae new increased Health Contributi6'n fi4.500 per annum.
This, as you will see, makes a total of fi34,000 per annum, or an approximate decrease in dividend id 5d. in tbe fk Margins ofprofit in the Dry Goods departments have been reduced by cmything from 6d. to le. in the K. The net margin in thc Grocery i
department last Half Year amounted to 10JrL in the fi. The price cuts and increased expenses will bring this figure down to 5'.Your' Directors are constantly considering thaexpettses problem and cvarytbbttt)romibfe will be done to maintains fair dividend
but you will sce from tfe'abfrsn'that tfutf ta ~5nciaitem'gffr; difficuft.Our sales as you will 4e'e Bavefucreaegd coiisideiably,
'but the faige increases are in the departments where thc margin of profitis smalL We~eel to our;members to purduiee all their rcquiremcnts of Drapery, Boots and Sbpss, surd F mishings st thai'r
own society. nese arc dm Pr(itnwntrtwberartfm ~ is mskbfg(tfte rBvidtmd, qPr(it is)nisi foya)ty tbatm aiu sPsudsut ore- k-'»'-ik-'i "-"--', '. -': L-. -r r.='.Yours mBrfnlfy,
Fo9 and on behalf of the Directors,
DUNCAN McNAB, Managing Secretary.
1948.
September 29—Hsff- Yearly St~.October 25 to 30—Loan and Loan Boo
io
" 4'P,t8,&
NOTICE IS HEREBY GIVEN THAT 'BRANCH QUARTERLY MEETINGS WILL. BEHELD AS FOLLOWS .
At t4OR|1I HYKEHAM BRANCH PREMISES (RrPreseatatioe, Mrs. C. L Br'oohe): Friday, 13th August, 1948, at 7 pan.A't WELBOURN BRANCH PREMISES (Reprerealetke, Councillor 9(Irs. O. G. Deer): Friday, 13th August, 1948, at 7 pan.On the BRANCH PREMISES at Rr'prereotetieer Regle~BASSINGHAM. ..; ........... . , . Mr. W. H. Martirr. SLEAFORD ..... . . . . . . . . ....... Mr. C. DedrcSAXILBY... ....., . . . . ... . ..:.... Mr. H. Wells. MARKET RASEN. .. . . .. . . . . . . . Mi: D. M@+ .
SKELLINGTHORPE . . . .. ... . . .Mr. A. .Tsrchq J.P.Saturday, 14th August, 1948, at 6-30 pan. , excepting Bassingharn, at 7 p~
ue o rr,'; coors —hun erL'c( "r ' r::etI O)
DIVIDEND PAIDTHIS HALF YEAR OVER
K5'O, OOO
+ Are YOU receiving your—full share of this distributionby making all your purchases
On the BRANCH PREMISES at i dtspnsestathur Rcprcantutnas
BASSINGHAM ... . ........ Mr. S. T. Battery SLEAFORD ...... . . . . Mr. I BGadra, -;, —-SAXILBY ...... , ..„..„... Mr. C-', Doen
' '-~ MARKET RASEN. . .. Mr. IL Wegs
SKELLNGTHORPE. . IVh F. Grainger"'
Saturday, 13th November, 1948, 'at WO pun. , excepting Bassingham, at 7 pam
eoenuive Prieiisa
Ljgco/Q Co-operative Society Limited
OFFICERS OF THE SOCIETY:
President: Cou'ncillor Mrs. O. G. DEER. Vice-President: Mr. A. TUCK J P
Directors:
*M. F. H. TRUSWELLi Mr. H. WELLS; Mr. F. GRAINGER, J.P. ; Mrs. M. E. RICHARDS;
«M .C. I.BROOKE .«Mr. L.B.CLARKE; Mr. S.T.BUTTERY; Mr. C. DEAN; and' Mr. W. H. MARTIN.
M t ~~etottt 1 Mr. DUNCAN M NAB, A.L.A.A. bassist t S retortt 1 Mr. S. BETT, A
gpprooed Attdttor 1 Mr. H. J. WALPOLE, C.W.S. Audit Department, Manchester 4.
*Denoms retiring members eligible for reelection. Mt.' A. Tuck, J.P., retires under the age limit rule
AGENDA OF BUSINESS.5. Nominations foi Two Del egates to atte
C.W.S.Quarterly Meetings. The meet'
May is restricted to members residing~country districts; and the meeting in ~s'Icgnext to members residing in the city"area(Rule 83).
6. Election of Scr'utineers for voting at the;;.Central, Sub-Central, Moorland Park and ~.
Newport premtses. on Saturday prior to the',* a kj'
Quarterly Meeting.
t- t7. Election of Scrutineers. for voting on the dayof the Quarterly Meeting
'Tg Questions.
ndthij "'::-.',-'::-;&&.
1. Minutes of last Quarterly Meeting
2. Report and Balance Sheet for the Half Year
ended 25th September, 1948.
3. Appeals and recommendations of. the
Directors:—
(a) St. John Ambulance Brigade, f12 2«.
:". (b) Lincoln and District Ambulance Society, .R2 2«.
4. Nominations for Five Directors.
SPEAL (FERAL MEETING.
(To be held at the conclusion of the Ordinary General Meeting. )BUSINESS:
To consider proposed akerations to Rules as recommended by the Board of Directors to concentrate
all elections to the Meetings in February—
Rule 83.—Members' Representative to the C.W.S.Quarterly Meeting. —Lines 14 and 15: Delete"
May
or November for the elections in February and August respectively,"and substitute
"November
for the election in the following February."
Rule 84=Education Committee. —Paragraph (2) line (2): Delete "August " and substitute"February.
"
ELECTION OF EDUCATION COMIIITTEE.
Result of Voting, August .—Mrs. D. M. DIXON (198); Mr. W. BUCKNALL (196); Miss A. G. WHITTAKER (175);',
Mr. E. HARLEM' (157); Mr. E. GOULDING (156); Mr. C. D. MERRILLS (151).
The fo'regoing elected to serve for Two years: —Mrs. E. A. GARTON (123).
SOCIETY%' CAEENDAR
December
December
February
1948.
November I~arterly Meeting.
16 22 Dlvlclend Paid.
"''MLoan and S.P. Loan Books ready.
1948. ; =: j13—Share Books made up.
24—Quarter Ends.
21—Quarterly Meeting.*""'" ' "' ""'""' '
DIRECTORS' REPORTFcff«c Mr«ficrr,
We have pleasure in submitting for your approval and adoption tbe Report and Balance Sheet for the Half Year ended
25th September, 1948.
(a) Sale«—The Cash Sales for the Half Year (27 weeks) amounted to fil, 235,639, an increase of fi239,450 over the conesponding
period (26 weeks). After one average weelr. 's sales have bean added to the 1947 figure for equitable comparsmn the net increase is
Ifi201,135 or 19I per cent. This~achievement has made inroads inta the fi3.000,000 goal which was made our target
six months ago, the annual sales having now reached ff2,301,800. Our thanks are due to the increased loyalty of our members whose
avrzage weeldy purchases are fil 5s. Qd. , and to aB members of the staff for the very great efforts they have made.
(6) Membership. —The present ~p is 35,839, which is an increase of 397 compared with last Half Year. I
l
(c) Balance DispesaMa. —After paying Interest on Members' Shares fil 5 648, depreciating our Buildings, Fixtures. grc. by fi16371,there remains a surplus of fi66,454. We recommend that dividend be paid on Members' Purchases at the rate of la. 4d. in ths fi
and that fi597 be allocated for Educational purposes. It is gratifying to be able to maintain our rate of dividend when the tendency
throughout the country is for thein to fafi. and this has only been made possible by keeping a watchful eye on our expenses. At the
same time we have made afiocations to necessary reserves and stepped up the depreciation rates which have been neglected by our
8 So«ety for same years due to EP.T., and wc hope to continue with this policy.
(d) T.T. Harsh —The Lincoln Reds bade fareweB to Welbourn Dairy Farm during the Half Year, and a growing herd of T.T.Aryshire cattle are now in residence supplying our Dairy with an increasing quantity of milk.
(c) T.T. hffifk —Those of our members who have bad deliveries of this nalk are delighted with its rich creamy quality. Wc are
very pleased with the demand for this new venture, but unfortunately ths orders for both TT. certified and TT.~far
exceeds the initial supply. We are installing the necessary plant for our own Dairy herd to produce certified milk which should
eventually enable us to meet our requirements.
(f) Price Cut« —After careful consideration we have decided to suspend the price-cuts which were introduced last Aprih It is
evident that the example of the movement has not had the desired effect on the national economy, neither has there been any evidence I
of increased registrations to benefit the Society.
(g) Travelling Pish Sbsp.—Our first Travelling Fish Shop is now on the road servicing the St. Ciles and Moorlsnds areas on
alternate days. Those of you who have seen this vehicle will be aware of the hygienic method of distribution which we thudr is
essential, especially in the sale of fisfz1
(h) Xmas Bazaar.—Encouraged by the successful Bazaar we hdd last Xmas we are repea6ng the show this year to be opened an
20th November. at 11 a.m. Last year's Fairy Glen will be replaced by a nautical ttraction "Saucy Sue,"
which will appeal greatly
to the kiddies along with the presence of Santa Claus. Save your present ~oys and ether~you have visited the
Bazaar.
(i) Cafe.—We have in mind the convenmm of the New Hall into a Crde on the moat modem lines. It will still be booluible in the
rq veveningz with or without the catering amciYies and at the same time give us the most up-t~ Cafe in the city,
(I) Cafe An«axe. —It is Ixjped that the quidsecrvice Tea Room, which we are installing in the present Cafe Anneze, will be ready
for opening in the spring of next year. Sujbddc equrpmnt for fittin out has been ordered and we are going ahead with th'e project
as soon as deliver% have been cffect«L
(k) St. Giles~Site.~apphcation for a shopping site in the centre of the St. Giles estate was turned down by the .
Lincoln Corponition, but they have stated that our application wjB be considered along with others when tenants are chosen for the
shops they intend to build.
(I) Hire Purchase Scheme. —All furniture is now unit~ to everyone, and those memberz who would prefer to spread then
",'sr', i 4-: '0 payment over a period'up to two years may do so by means of a Hire Purcham agreement. You are invited to visit our Fern'shing
anddElectrical departments, where our stsff wifi explain the schcum and assist ymr in evrzy way possible.
(m) National Membership. —The National Ezccrmve has decided that ttds scheme shall start on Monday, 31st )senary, Ngjk
National membership enables a member of a ~ative society to shop at any other ~perative society and aut~ mseive
dividend in their own Society. We have been allocated the code letters L N which should be given in addition to the maker"rrfibam
No. when malring purchases in the shop of another society. All purchases will rank for dividend, including f~tmd~is ehm made for tba transfer of a.member'9 cspjtal who moves from, t ne area to another.
Yours faithfully,
J'
OLIVE C DEER.DUNCAN
STATEMENT OF ACCOUNTS
For the Half Year, 20th MARCH, l948 to 25th SEPTEMBER, l948
Reserves and Other Funds-. Germral Reserve Fund ......... 53375
Death Beneots Reserve Fund. .. 8575Income Tac Reserve Fund ...... 7620Trading Qub Reserve Fund ... 1570Ffom Mills Control Reserve ..... 5375
ASSETS E s. d 8 s. d.Stock in Hand ............, ..... . . 270660 0 0Land and uildings ........ .... . . . 187000 0 0Plant, Fixed, and Rolling Stodc. ..... 63868 13 I
AUDITOR'S REPORTTs thc hfcrrdrcrc oj thc Lincoln Cectrcrctim Sedctg LimitaL
Ladies and Gentlemen, —The undersigned, having had access to all the Books, Deeds, Documents and Accounts of theSo'ciety, and having examined the foregoing General Statement and verified the same with the Books. Deeds. DocumsnmAccounts andVouchers relating themto. now signs the same as found to bs correct, duly vouched, and in accordance with law.
Audit Ofhce, GWB. Ltd. ,Corporation Street. ~ter. H J. WALPOLE. Atrp~ rfrrdttor.
30th October, f948.
IX—LAND AND BUILDINGS ACCOUNT
Business Property. ..griculuwal Property
House Property. .. , .
PreviousCost
R s. d. E s. d. E s. d.363219 14 I 14000, 0 0 99617 631574 I '7 225 0 0 115 .6 01?3?9 lo 7
Total Cost
8 s. d.376222'16 731618 IS 7173?9 Io '7
Depreciation
8 s. rL ff s. d. E s. d.100405 14 I 8817 2 6 189222 16 7
Mid. Coop. Lauadries Asso. . .Excel Hat 8r Cap Society Ltd. ..I'eople's Entertainment SrxsetyCoop. 'Youth Centres Ltd. ....Permanent Building Soc.Lincoln Hide ft Skm Co. Ltd. ..Sundry ...;,............ ....
3375' 0 0116»0 o2945072 .7 4l 122665 19 10 27945 14 lip 41131 16 9 2536815 18 I I 251 121 17 2285694 I
(F7 Forfetts and Fines (TJ Transfer
FARMS ACCOUNT FOR YEAR ENDED 25th SEPTEMBER, f948
To Stock and Valuation, 27th September, 1947„Transfers from ~ts ........... . ..... ............... ....,. Wages ........................................., ...............„ Interest and Depreciation
Saturday, 19th February, 1949, I fsrm to close of Meeting.
NORTH HYKIIIAM BRANCH and WELBOURN: Friday, 18th February, 1949, I pan. to close of Meeting.
WILL MEMBERS PLEASE NOTE THAT BALLOT PAPERS WILL ONLY BE ISSUED ON PRODUCTION OF SHAREBOOKS, WHICH MUST SHOW THAT THE OWNER HAS NOT LESS THAN ONE POUND SHARE CAPITAL STANDING
TO HIS OR HER CREDIT.
1949. 21—Quarterly Meetnrg
Mar. 14 to 19—Penny Bank Books to be 'bmught in.April 2Penny Beak Books ready.