ABSTRACT

The division of profits is made quarterly from the net proceeds of all retail sales in every department, after paying :-

1. Expenses of management. 2. Interest on loans. 3. Reduction in value of fixed stock. 4. Dividends on subscribed capital. 5. Increase of capital for the extension of business. 6. Two and a half per cent. (of the remainder after the above

are provided for) applied to educational purposes. The residue thus accruing is divided among the members of the

Store in proportion to the amount of their respective purchases during the quarter.