LIW COLSf Co-operative Society

Limited

2I,

, —t i[i )-I-f I-I i-II fifi, l-

d5

' DEPOSIT and' GLANCE SHEET

for the HaIf-Year ended

7th 3Iarch, 1959

EK. SCHOOL LANE

LINCOLN

Telephone lVo.

E ' HEISTS 2 O'D

Registered Office,FREE SCHOOL LAMEs LINCOLN,

IC '

"Ibm'PRESIDENT: Nr, J, H. liansfield, ~

DIRECTORS; Mrs. N. F, Richards, Mrs. C, i. Brooke, Mr, L. B, Clarke, Nr, S,T. Buttery,Lr, 3 . G. Fo.Lntaine, Nr. iJ, H, Martin, Mrs, D. ii. Dixon, Mr. S.ilJ, Messenger,

Mr. ll. R. 4alker, Nr, Q. Schofield end Fir. J. GampbellE M,P.S.

'~TaRX: Mr, Duncan NcMabs J,P„A.A.G.C.A,

~ TRADE AGO%MT AMD

To wagesNational InsuranceInterestRent Charge L.G.S. LtLighting and HeatingTelephoneTrans portAudit 1'eePrintings Stationery

and AdvertisingStampsTravellingGleaningAdmin. Gharges

BALANCE SHEET FOR THE HALF Xt"AR ENDED 7th MARCHE 1959,TEDDY E EIiSES ACCOUNT

s d s d

10933' 8, 6 By Trade Account 15734010' 5373,14, 64250 08 o

d, I+@12 8527ell0 4

220 128 3384. 2. 2

2, 2, 0

62, 9. 541, 1, 644, 138 4

1448 28 91175, 0, 0

15734810 5

Pet Surplus

I To Income Tax 4Bal. Dispos.

Share Capital

1

gVVVV

TB4 DE ACCOUNT

8~~~k bjfwd,- 46219, 0, 0 By Sales

Goods Puzchased 102348,10, 8 Dividend

Transfer from L.C.S ~ 1272alOo 2 Trans, to L.G,S,from Trade Exs ~ a/c, 1,5734 10 5 Stock at cad

12569~ 5 ~ 92

178143.17, Q~DN OSSB' BaLBNGE l,GCOONL

Profits Tax 4000, 0, 0 By Balance from Trade ajc,trans, — tc L G.S. 85635, Bc,

125&/ 5 9—c

B414NCE ¹tn'1E s d

17, 0, 0 Stock in Trade

Linc Ln 0sa cg, Socr. Lt", 567"5, 0, 0 Sn drr Dent rs

56808 0 0

15734.10~ 5

s9@44 Oslo

249 ' Oe 026848.16, 256702~ 0~ Q

125@. 5

'-'. ~ 5~,.

13. .. 0

@'e members of Lincoln C~pezative Chemists Lied. ted&had access to all the books, tcocdsN

~ a33o t ont'amer - ~z w~"e~xswd havLng

aLLd Accounts of ti c Sco-'=-+v a.=d iian-„~i.r~o

~a.o verified ti.c s "~:: Ddi-'". +Lhe Bo„, 30 3

2 5 3Ll

THE

GENERAL QUARTERLY MEETINGwill be held in the

New Hall, Free School Lane, Lincoln

on

Monday, 11th May, 1959

Chair to be taken at 7-30 p.m.

AGENDA

1. Minutes of last Quarterly Meeting.

2. Directors' Report and Balance Sheet.

3. Education Committee's Report and Accounts.

5. Appeals and Recommendations of the Directors:—

(a) N.S.P.C.C., K5. 5s.

(b) Lincolnshhe Agricultural Society, gt. ls.

4. Lincoln Society Co-operative Party Report and Accounts. 6. Questions.

BRANCH QUARTERLY MEETINGS

At WELBOURN BRANCH PREMISES (Representatives Mr. S. W. Messenger)1Friday, 8th May, 1959, at 7 p.m.

At SAXILBV BRANCH PREMISES (Representative: Mr. 13. Sekafiekt)1Friday, 8th May, 1959, at 7 p.m

t SKELLINGTHORPE BRANCH PREMISES (Representatives Mr. J.H. Mansfiekf)Friday, 8th Slay, 1959. at 7 p.m

At SPALDING BRANCH PREMISES (Representative: Mr. W. R. Walker):Friday, 8th hlu&, 1959. ut 7 p.m

l4t SLEAFORD BRANCH PREMISES (Representative: Mr. X.B. Clarke):Saturday, 9th 31ay, 1959, at 6-30 p.m.

—' At ~TRASEN BRANCH PREMISES (Representatl ve: Mr. S. T. Buttery):

Saturdav, 9th bday, 1959, at 6-30 p.m.

1

OFFICERS OF THE SOCIETY

President: Mr. J. H. MANSFIELD (24)

Mrs. M. E. RICHARDS (24)

Mrs. C. I. BROOKE (22)

Mr. L. B. CLARKE (23)

Directors:

Mr. S. T. BUTTERY (18) Mrs. D. M. DIXON (23)

Mr. C. E. FOUNTAINE (24) Mr. S. W. MESSENGER (23)

Mr. W. H. MARTIN (24) Mr. W. R. WALKER (22)

Mr. G. SCHOFIELD (21)

Managing Secretary: Assistant Managing Secretary:

Mr. DUNCAN McNAB, J.P., A.A.C.C.A. Mr. S. BETT, A.C.S.A

Approved Auditor: Mr. S. BARLOW, A.S.A.A., C.W.S. Audit Department, Manchester 4.

Figures in parentheses denote Directors' Attendances —Possible 24

=':.=''-9w

. Schoileld, 295'„

for two years. )E. Wright, 181;

a

RESULT OF VOTING:Mrs. C. I. Brooke, 282;Mr. F. T. Allen, 286; MMr. L. Thompson, 164;

. W. Sharpe

. M. Cle~. Baker,Rawding,

Mr. DMrs. Ir. G. E

Mr. K.

, 398; Mr. L. B. Clarke, 352; Mr. G

, 196. (The foregoing elected to serve

184; Mr. L. C. Cockett, 183; Mr. G.135.

ELECTION OF FIVE DIRECTORS

1959

May lg—Whit-Monday

June 6—Quarter EntL

2

ELECTION OF FIVE MEMBERS OF THE

EDUCATION COMMITTEE

No voting took place for this Committee and the following Members, being the only nominat

persons, were declared elected to serve for a period of two years: Mesdames. I. M. Clegg. A™-,+,„.

Willcock. Messrs. W. Buckuall, L. F. Clark, C. W. Taylor. (Mrs. I. M. Clegg has since resigned. s

from this Committee upon being elected to the Board of Directors. )

SOCIETY'S CALENDAR

1959

May 11—Quarterly Meeting. Augustt 3—Bank Ho ay':;:-:a

May 22—Loan and Special Loan Books ready.

STANDING ORDERS

l. RULES 50—4. Notice of motion must be submitted in writing no less than 28 days prior to the date of thc mccting. Sixdays' notice is required of any amendment to a proposition appearing on the Agenda.

2. That no member be allowed to speak more than once on any motion at the Quarterly, or any other General Meeting of theMembers convened for the purpose of transacting the business of the Society, except thc movers of resolutions, motions, andamendments who shall be allowed a reply; and no member shall speak after such reply.

3. Whenever amendments are made upon original propositions, no second amendment shall be taken into consideration untilthe first amendment has been disposed of (c) if a first amendment be carried it shall displace the original question and become itself

. be nuestion; (b) if the first amendment be negatived then the second may be moved to the original question under consideration,"one amendment shafi be submitted to the Meeting for discussion at one time; (c) the mover of every resolution and of everydment shall have a right of reply, immediately after which the question shaB be put from the chair; but no other memberbe allowed to speak more than once on the same question, unless permission be given for personal explanation, or the

attention of the chair be called to a point of order.

4. Time limit of Mover of Resolution be 10 minutes; the other speakers not more than five minutes.

. When any motion or amendment has been made and seconded, it is open to any member to propose the "previous question,"

(itat the motion before the Meeting be not put. The mover and seconder of the "previous question "cannot speak afterwards

3e motion before the meeting.

6. A motion once carried shall not be rescinded at any meeting without due notice having been given.

7. That all questions relating to the Balance Sheet which are sent to the Secretary before the General Mccting sbafi have

preference.

8. When the President rises to speak members shalt take their seats immediately.

9. Complaints and suggestions must be made in accordance with Rule 93.

10. Standing Orders may be suspended by the votes of a majority of members present if the President or Chairman decides

to accept a motion to that eEect.

IIALF- YRARL Y DIVIDEND

DIVIDEND

VOUCHERS

DIVIDENDWILL BE PAID AT

GENERAL OFFICE ... 12th to 23rd MAY

will be ready

for issue from

Monday, 4th MAY, 1959

TO

Saturday, 9th MAY, 1959

MOORLAND AVENUE

SLEAFORD ..TEALBY STREET

ERMINE ESTATE

SUB CENTRAL ...METHERINGHAM

OTHER BRANCHES. .. 12th to

12th MAY

13th MAY

14th MAY

14th MAY

15th MAY

16th MAY

22ad MAY

DIRECTORS' REPORT

Fellow Members:

Once again it is our pleasure to submit for your approval and adoption the Directors' Report for the Half-year

ended 7th March, 1959.

1. Sales.—In order to facilitate the business of the Society, it was decided to alter the Half-year ending and, a~you wiB be aware, this ended on the 7th March, 1959, and made the Half-year only 23 weeks. The sales for these 23weeks amounted to 62,637,290. 4s. lid. , and compared with 23/26 of the 1958 figure it shows an increase of

8119,062. 9s. Od. , or 4.73 per cent. As you will appreciate, it is very difficult to get a proper comparison but we feel

that the increase as shown is fairly accurate. It will be 12 months before we are on a proper comparison, but your

Directors are satisfied with the progress we are making. The policy of meeting competition in the Grocery Department

has meant a continued tucrcam in Grocery sales. We would draw the members' attention to the very competitive prices

and the special otfers that we have fortnightly should be an addoi attraction.

The aoancid strength of the Society has been further increased and the Reserve Fund now stands at 6176,000.

In spite of the development that is taking place, the amount of members' Sharc Capital re-invested in Government and

other securities amounts to 80 per cent. We would point out the easy methods available of saving within the Society—

Share Account, Loan Account, and a six months' notice of withdrawal Loan Account. Full details of these can be

obtained from the General Otfice but we would like to impress on the members the necessity of using the Society as

custodians of their smail savings.

Sales .. .... . ......Wages ........................................Expenses (excluding wages) .............Share Capital .................. ............Loans and Savmgs Bank ...............DepreciationReserve FundsAnnual Trade per member (52 weeks)Average Dividend .........................Members' Capital re-invested .........Membership

Year ended7th March, 1959

(49 weeks)s. d.

5388276 0 0616920 0 0276333 0 0

1377835 0 0589868 0 094156 0 0

176000 0 0106 0 0

0 1 480.7 per cent

54,017

Year ended29th March, 1958

(52 weeks)s. d.

5532224 0 0631092 0 0294202 0 0

1364895 0 0619582 0 0109259 0 0167500 0 0

104 18 1

0 1 481 pcr cent53,872

Year ended30th March, 1957

(53 weeks)s. d.

5316562 0 0605954 0 0282144 0 0

1346778 0 0651120 0 0

823&5 0 0150000 0 0

102 14 100 1 4

82.2 per cent

51,598

2. Dividend. —The dividend has again been maintained at ls. 4tL in the K. We would like, however, to draw the

attention of our members to the fact that the C.W.S. have reduced their dividend from 3d. to 2eL which makes a con-

siderable diifetcnce to the income of this Society. We are also carrying out price reduction policies in our Grocery and,

naturally, this also has an effect on the smplus available for dividenrL The dividend of ls. 4d. is well above the nafionai

average which is now less than ls. in the K. It is possible that your Board may have to reduce the dividend sfightly m

the future but ~g possible will be done to give our members a reasonable mturn on their purchasm.

3. Membership. —The membership of the Society now stands at 54,017, being a decrease of 626. Durmg ~Half-year we have written oif 1,408 accounts of people who have ceased trading and have only a shilling or two in their~, ;:Sharc Book. A large number of these were m the Spalding area and the membership, as stated above is now a true onc.

These amounts written oil have been transferred to the Unclaimed Share Balance Account in the Bahnce ShccL This~

as you wiff no doubt realise, accounts for the decrease in membership.

A year ago we drew the members' attention to the many facilities available such as Library, free Death ~'~errGuild activities, Educational classes, etc. We asked any member interested to get in touch with the Managing Sccrcuuy

but, unfortunately, no member sent in for any details. May we once again say that these various projects are for your

benefi t, and we do invite you to make the fuffest usc of these free services.

4. Development. —(a) High Street, Grocery and Furnishing. Alterations have been made to these shops and wefeel justly proud of the results. High Street Grocery is now, in our opinion, onc of the finest shops in the city and wehave spared no expense in making these shops a credit to the Society. We are hoping that the capital expenditure will-have a reward in increased sales as we are of the opinion that our members descrvc modern premises. Most of theSociety's shops have been modernised in some way or another during the past 10 years and we will continue to makeour shops attractive.

(b) A.E.U. Site. You will have noted the progress that is being made on the A.E.U. site and building operationsthere are weB up to schedule. The Board have given the question of the departments to be housed there further con-sideration and it has been decided to make this a complete furniture and allied department. In other words, the ncw

— building will house, amongst other departments, Hardware, China and Glass, Nursery Furniture, Prams, Cycles,urniture, Bedding, Floor Coverings, Grates, Bathroom fixtures and fittings, Plumbers' merchants goods ll Electrical

ds,, a

goo, etc. A complete list of the departments in the new building will be advertised at a later date and you will alsobe kept informed through the Directors' Report. It was felt that the Furnishing Dcpartmcnt, which has such large sake,is working under the most ditficult conditions. As you will be aware, they are housed in the Old Chapel, Silver Street,where the amenities are shocking. When the ncw store is opened ait departments appertaining to furniture will be

oused under the one roof and, as stated in previous reports, the Office will be on the top floor. We have given thistitnatter very careful consideration and think that this will be the best initial move in the rebuilding of our central premises.

5. We have received from the Co-operative Union details of the Society's sales per member in comparison with the

rmt of the Movement and we have pleasure in submitting these figures for yow approval. In 1956 the members of Lincoln

Society spent an average of 698.9 in comparison with the average of thc rest of the country of f71.5. In 1957 the average

expenditure of Lincoln Society's members was 6104.1 per annum in comparison with 875.2 for the rest of the country.

This, in our opinion, shows the loyalty of the membership of the Society.

6. Several esteemed employees of the Society have, during the Half-year, suffered severe illnesses. We can

instance Mr. Bucknall, a member of the Education Committee and also Chief Clerk in our Wages Department.

Mr. Cash, a Dairy employee, who is retiring on an incapacity pension, and several other valuable employees. Wc trust

that each and every one of them wi11 be quickly restored to health and can assure them of all practical help from the

Board of Directors.

7. Retirements. —During the Half-year three well-known employees reached retirement age.

Mr. Foster, Branch Manager at Ingham, is retiring after nearly 40 years with the Society. We understand that it

is his intention to leave the district and live in the South of Enghnd and we wish him and Mrs. Foster a long and happy

retuement.

Mr. Marshall, the foreman at the Abattoir, has reached retirement age but he is continuing to work at the Slaughter-

house in a temporary capacity as an asslstam. We wish him and Mrs. Marshall wefi.

Mr. Hoyle has retired from the Branch Managership of the Moorland Drapery Department and herc again we

would like to record our appreciation and wish him and his wife a long and happy retirement.

8. Obituary. —It is with deep regret that we have to inform you of the deaths of the following Superannuated

employees: —Mr. George Cammack, aged 88 years, former Confectionery Manager, and Mr. John Winder, 70 years of

age, former employee in the Works Department. We extend to their relatives and friends our sincere condolences.

Yours faithfully, for and on behalf of the Directors,

J. H. MANSFIELD, President.

DUNCAN McNAB, Managing Sccrctary.

STATEMENT OF ACCOUNTS

FOR THE HALF-YEAR, 27th SEPTEMBER, 1958 TO 7th MARCH, y959

Dr. CASH ACCOUNT Cr.

RECEIPTS s. d.

To Sales ..............................2542799 4Lincoln Co-op Chemists Ltd. 94491 0 10$

2637290

PAYMENTS

By Goods Purchased ....Carriage ................

..20612329381

s. d. 2 e. d1 0

15 92070613 16 9

Capital Account—Members' Shares

Special Loans. .................Penny Bank ..................Superannuation Fund ......Stamps sold

3P/ Loans„. ..................Unclaimed Capital

Accounts.

54953 56218 11

27557 184638 195155 86630 0

902 13

31101

02

1949 3 4108005 19 1

Capital Account-lfembers' SharesLoans ...................., ......Special Loans. .................Penny Bank ..................Superannuation Fund ......Savings Stamps Redeemed

g% Loan .....................Unclaimed Capital

Accouxlts

1241671391031839

74126713V012

18

MM12 018 3

f191082 18

Expenses Accouni-Sundry Rents, Hall, &c. ...Bank Agency CommissionStrong Room FeesPass Books, &c.„...,.........Midland Co-operative Laun-

dries' Assoc. CommissionMortgage Fees

3779 18 0284 0 10

1 0 0115 0

380 9 027 19 0

4588 7 1$

Additions—Land and Buildings .........Agricultural Land and

BuildingsFixed Stock

Dairy PlantMotors. ..........................

31327 9 9

52 7 07236 9 6496 0 0

$172 18 108643 15 2

50929 0 3

Fixed Stock Account—Proposition FeesSale of Land snd BugdingsSale of Agxicultmal Land

snd Bxdldings ..............Sale of House PmpertySale of Fbxed Stock .........Sde of Motoxs

88 15 03739 17

9000

56'72655472487869261

12908$8

1$V15

23V281

84 0350 0

45 01365 0

Trading Club .............................Inveetmsnte Accoxmt .................House Pmperty Rents .................National Membenddp Dividend .....Employees' Income Tsx .....;........Employees' Welfare Aeeodsdon. ....Emldoyees' Savings ....................Pmgt on Sale of Invmtmsnts .....:..

12 1119 25 74 23 7

18 76 01 47 05 3

Total Receipts ....,..... . ,.. ........2923699 14

Cash in Hund, 27th September, 1958 ......... 8903 9 4Cash 'm Bank, 27th. September, 1958............ 91646 14 2

18

Investment Account. ........... 8781 12 5

Mortgages —Home Pmpetty 7121 5 0

Trading Club ..................... 69433 10 0

Expenses382428 11 8

Subscriptions aml DonationsComp. Union Ltd. ....„......„.. 110 8 6Bt. John amhulsnce Bdgsde ... 8 8 0Idncctu Blstdct dmhuisecc Scc. 8 8 0Raucur Crphsu Homes. ..,....„.. 7. 8 0Polio Bexesxch Ihmd. .............. 6 6 0Mldlssd Co-op. Cosvslcscesi

Fund .............................. RR7 18 7ixsccla Police Court Bhsdcu ... R 8 0Marie Curie Cancer Fusd ......... 6 6 0Itscs. Inxchsracd Pdxcues' RN

Bodetr„..„,..., ....„„...„.„... 1 1 0 as 1 0

IMmendsndX t ~..................... . ..... 84542 6 IIfationalMembexehip Dividend .................. 834 10 2

hfon-members' Dividsad ........................... 34 18 3

Education Gmnt ............ ....................... 1366 1 6

Income Tsx-Scheduhe "A" snd o B"...... 93539 3

Income Tsx deducted fmm Investments

Income ......... .......,.........., .... ...... .. 7602 1$6Dxcome Tsx—Schedule" D" sndPmgta. .... 38000 0

Death Benegts Fund ........................,.... 4451 19 9

EmPloyees' Welfsxe Amasiathm. xx............ 657 1 4

Employees' Savings ... .. ............,...,......... 2372 7 0

Empioyem' Income Tsx,.„,.......,...... . 13715 6~0

.-.nnxs999

ac 7th u h. 19519....!,'i8jj'=me

oucs Ia Il

EXPENSES ACCOUNT

Committee SalariesLocal Committee Expenses ...Audit Fees ....„.....„.........cents

tesdurance

national Health and Unem-

ployment Insurance .........

22411

330

95214320

309

0 018 60 0

565 18 62 119 5

10 .2

12280 12 1027862 15 4

pairssnd Electricity ...

ephone ...............orsnsportStocktakingPrinting, Stationery snd Ad.

vertising ........................Stamps snd Cheque Books ...Travelling ........................DelegatesOther DeputstionsCoal, Coke, dfc. ..................Quarterly Meetings ........, ...Cleaning ...........................Professional Charges. ...........Workmen's Compensation ...Bank ChargesC.W.S. Exhibition

21652 10 1010265 2 72166 10 10

29094 14341 19 0

50181554

72912456

583217

1511579

132302

138

16 106 11$9 5

15 32 17 5$

14 6170 6

13 014 20 0

81399 15 8

2 s. d. 2 s. d.To Wages Productive ............ 66347 6 5

Distributive ......... 206845 8 1Carting ............." 17945 2 5

29113'I 16 11

d. 2 s. d,0

1003$

00

4588 'I fg

307 8 7

15734 10 5

Net Expenses to TradeAccount-

Produotrve ............Distributive

12715S 10 3295733 18 lj

——422892 8

8

By Sundry Rents, Hall, Ikc. ...... 3779 18Bank Agency Commission ... 284 0Strong Room Fees ... ......... 1 0Pass Books, Ikc. .................. 115 0Midland Co-operative Laun.

dries Association ............ 380 9Mortgage Foes .................. 27 19

House Property Mortgages-Account ........................

Expenses —Lincoln Co - op.Chemists Ltd.

InterestDepreciation .

400966 6 52500 0 0

40056 8 142556 8 1

2443522 14 6

LAND AND BUILDINGS ACCOUNT

+clef asst ~[

1788

ffedeoee PropertySaderdtersf pmpeityHouse property

2 s. d.814018 18 658923 8 329218 1S 10

2 *d.4889S 0 11

52 7 0

2 ~. d.3739 17

84 0 9SN 0 0

2 ad. Ps ~. d.N9177 2 3 497016 18 6

SON1 14 8 36423 $3SN66 ls 10 22718 13 10

2 ad. ys sik~28ISS 3 9 522177 2 3

468 6 3 36Nl 14 8150 0 0 22868 38 10

e. d.SVINO 0 0

22NO 0 08090 D 0

OSN37 15 7 553161 5 78 907361 5 7 48950 7 11 4173 17 11

26776 la 0 Nf&l 15 'I

oledodes ProSr oo eels of Ossoeeeee ~ 281 Ss, 3d. esd Seedd Dssred 'se 58000

PLANT, FIXED AND ROLLING .'i IOCh ACCOL'iT

tock

2488 nekoiy plant . „,@Best...„,

.s d.emoo o aa

NON D D'155m 0,0340m 0 00

9500. 0 0

33337 ftl SN43 15 2

2Ãl If 0498. 0 0

~, d.. 45 DO1386 .0 0

8 e. igSONONS 8SN78 lNS 2358W 0 O

36647 17 0-NN ooa

Fees, plass,~n8

Perfeffs

8 a*NN ll 2NfO 1530N o oNef lf 04N 0 00

a d.NNO 0 0

gg'

NN 0 0

2-3388N 0 D 3410 0 0 foffgf 7 la' Ne 4 8 29571 3 4

Dr. HOUSE PROPERTY REVENUE ACCOUNT Cr.

To RepairsRates, Insurance, kc. ..Intsnat ..........Depreciation ....Balance to Final Revenue

Account ........................

2 e. d.329 1 4325 13 8

150 0 0150 0 0

s. d.

654 15 0

300 0 0

335 8 7

By Rents ....s.

1290 3 7

21290 3 7 21290 3 7

INVESTMENTS REVENUE ACCOUNT

To Interest on—Members' SharesMembers' LoansSpecial Loan .............................Penny Beah .............................Sapersnnuation Fend .................Reserve FundDeath Benegts FundTrading Club Reserve .................fidelity ReserveNew Buildings Reserve

Balance to Final Revenue Accmmt

e. d.

18453 18 111686 14 03333 0 5

77 7 61223 1 2$5440 0 72000 0 0250 0 0

50 0 0100 0 0500 0 0

5596 1 1+

238710 4 6

By Investments Account—Interest on-

Government Securities ...Shares —I. & P. Societies—Other Bodies ...Loans —I. 44 P. Societies—Other Bodies ...House Property Mort.

gages

Interest Charged ExpensesAccount ........................

Interest Charged House Pro-perty Revenue Account

6 e. d. 2 s. d.

3133 6 25396 12 4

10 13 25875 7 1 .4

16170 0 0

5474 5 936060 4 6

2500 0 0

160 0 02650 0 0

688710 4 6

TRADE ACCOUNT

2 e. d. f, s. d.To Stoctr in Hand, 27th Septh,

1958..-......................... 557733 0 0Nst Puichaem 1994189 15 1Trsurders —Lincoln Co - op.

Chemists Ltd. 26348 16 2Pmductivs Expenaa 127158 10 3Distributive Expeams ......... 295788 18 IINet Surplus to baal Revenue

Accoaat ........................ 199122 11 7I494856 9 9

63200786 11 8

By Net Sales .................................:...........2590067 4 2Dividend on Parchsses ........................... 12630 17 8Traasfsar —Expensee .............................. 18524 1 11Transfers —L.B.& F. Accounts .................. 21671 17 4Transfers —Lincoln Cowpsrative Chemists Ltd. 1272 10 2Stoch in Hand, 7th March, 1959 ............... 556620 0 0

63200786 11 3

DISPOSABLE BALANCE AND FINAL REVENUE ACCOUNT

By Balance Dtrpossble ....,..',;...;...-.........";---.143668"Itf-"-4

4141441 14 - hk

hhr 444 1 whh 4Balance from House Pmpcrty Revenue

Account ............................................. 335Balance fmm Investments Revenue Account 5596 g af

Babiace from Trade Account ..................... 199122 1 ~National Membership Dividend .................. 838 18 7

=- - Lincoln Co-operative Chemists Ltd.—Sarplas .8569 5

Progt on Sale of Investments. .................... 81 5 3

6 s. d.Ts Memb'stt 'Divhliaal";. .....:....,....; ...1.........; 144916 . 4 2

IhluestidalQraat, ..... ..;...;. ...... ...;.. 4.4.'

1866 1 6Balance carried down ............. .....„......„... 360 10

f148302 16

To Noa-members' Dividend ........,...., . ... 34 18 3Sabecriptione and Donations ..................... 1455 1 0Saperannastion Fund .............................. 8953 9- 2

'

Income Tax aad Lsml Tsx .... ................. 12706 2 9National Membership Dividend .................. 834 10 -2AEocation to Death Bsaegts Frmd ............ 4461 19 9Pnnrision 6ra Soheduls "D '* snd Pmgts Tsx 34000 0 0.1Special Depreciation. .....................l.......... 8000 0 0fidelity Reserve Fund. ................... .....,... 100 lI', -i~i, ::hl

Em oyees' Voachem ..... ........................ 8319 19t on Sale of Investments to LB. ih F.

Accmrnt ....,....,.. „...,.....,,..........,..... 81 5Balance Disposable to Balance Sheet ......... 142626 17 2

62I

BALANCE SHEET OF FUNDS AND EFFECTS AS AT 7th MARCH, 1959

LIABILITIESShares Withdrawable. ..............1359335Loan and Accrued Interest ...... 161128Special Loans snd Accrued

Interest. ............................. 327306g%1 nPenny Bank sod Accrued Interest 95586Unclaimed Accounts ............ .. 8067Stamp Club ........................... 3995

Ot~l. Liabilities-S~nnuation Fund ............ 284837

rs for Goods. ................. 219057Expenses ............ 368'l3

Christmas Club ..................... 28Coal Accounts paid in Advance. .. 887Br snd Milk Checks Out-

'ng .......... ................ 13620Pi Ron for Income Tsx ......... 1315'l8

Re .res snd other Funds-Genersl Reserve Fund ......... 116500Death BeneSts Reserve Fund. . 15250Trading Club Reserve Fund ... 2950F'idelity Insurance Fund ...... 5300New Buildings Fund ............ 36000

Education Fund .....................Lincoln Society Co-op. Party. .....Share Interest not yet credited. .. 18500Balance Disposable. ................. 14262S

s. d. 2 s. d.8 3

17 5

16 102 87 5

1612 3

1961267 1

4 217 211 106 65 10

0 3$11 4

686882 17 1$

0 00 00 00 00 0

1'18000 0 047 5 683 13 Ilg

0 017

181126 17 2

ASSETSStock in Hand. ..........Expenses Stook ......, .

... 556620 02208 18

d. 20

55S828000

Land snd Buildings ............... 337000 0Plant, Fixed, snd Rolling Stook 138000 0Agricultural Property. ..., .......... 22000 0

Total used in Trade ...... 497000 0 0House Property ..................... 6000 0 0————503000Investments-

Britieh Government Seourities 186337 19 6Shares —I. S P. Societies, ..... 217168 18 7—Other Bodies ...., .... 283 7 0Loans —I. B P. Societies ...... $19204 I 10—Other Bodies ......... 816905 18 8Mortgagee —House Property ... 242612 8 3

158N12Debtors—

Members, lkc. ......., ....., .....„158565 0 0Trading Club ............,......., 45184 14 8——203749

Lincoln Co-operative Chemists Ltd. .... ..... .... .. 56785Accounts paid in Advance, ............. .. ............. $150Education Fund .......................... ................ 47Lincoln Society Co-op. Party ......"."..... . " 8$Cash in Hand, 7th March, 1N9 ..... ................ 11737Cash in Bank, 7th March, 1N9 ................. .... 65512

iS 5

0 0

11 10

14 80 00 05 8

13 11$i8 512 4

22985407 15 1$ 22985407 16 1$

INVESTMENTS ACCOUNT

Bdtleb Govenunent ~Shares —I. aml P. Sodenes. ..Leans —I.and P. Sodctlee ...

f «d.186337 19 6217167 16 4

283 3 10333581 18 3609543 I 0

2 ad.3333 6 25396 12

10 135875 7 I

16170 0 0

a d.

12879 17 S

~. cL189471 5 8235444 6 4

293 17 0357510 17 10634494 13 5

6 acL3135 6 2221 IT 31010 0

38306 16 017588 14 9

Bslasce7th lhwcb,

1969

2 ad.186337 19 821T164 16 7

283 T 0359704 I 10616!N6 14 6

1346913 18 11 8781 12 5 18053 12 6 30585 18 9 12879 17 S

Iseaneae

1437215 0 3 thgnl 4 2 18063 IS 6

2540S7 14 6 7121 6 0 307 4 7

Docesncts asd hccoesle of the Sourly, acd having

Deeds, Docemeele, hccceatwsad v bars telauag thectc, acw

f~ uk~

.,„.~Moose Property„ 5474 5 9

I

e fhc hfeahwv of lhc Liweda C eeLadles aud Gentlemen. —The usdersigsel, having bsd sccce to all the Boobs, Deals

the Seagoing General Statement aad vcrtded tbc came with the Boobs,

tbe scree as found to be correct, duly vouched, snd lu accordance wnh the law.

Audit OTSce, C.TT,S. Ltd. , Corporation Street, Shmcbcstcr 4.

7th April, 1959.

EDUCATION COMMITTEEsS REPORT

FOR HALF-YEAR ENDED 7th MARCH, 1959

Fellow Members,

We submit for your consideration the Education Committee's Report and Accounts for the period ending 7th March, 1959

Iatreducgen. —The period under review has been one of intense activity and changing phases. We are pleased to report our work

is wider in scope, and as evidence the current statistics from the Co-operative Union show the Lincoln Society has made one the

biggest increases in Education activity in the Midland section. These factors are particularly brought out in the spheres

training, adult education, and cultural groups. The changing phases are most apparent in the personnel of the Education Comlljy.

Our colleague Mr. W. Bucknall continues to show his tenacity and good spirits in meeting his serious illness, and we await with

great expectation his return to full health and C~perative life. This half-year has also seen the retirement of Mr. T. Sergeant,

a stalwart who will be greatly missed, and also Mr. W. H. ScoSns. We are pleased to note the election of Mrs. I. M. Cle to

the Board of Directors, aud sve record our thanks for the services rendered to Cooperative Education by these members.

Staif~—With the full co-operation of the Board of Directors employee training has shown remarkable increases sg

the Autumn and Winter months. Your Society has operated all the provisions outlined in our last report and we are pleased to say

as a result of evening classes arranged by the Society and the Lincoln Technical College, over 60 employees of all grades in retail

employment have undertaken Co-operative and trade examinations. In addition to this, specialist courses of a three-days' intensive

nature have been organised by the Society, with National Instructors from the Co-operative College over a period of a month, in

the Techniques of Customer Approach. These courses applied to staif in the Dry Goods trade.

Initiation Courses for junior intake have continued during the balf-year and now form an established patt of the Society's

policy in the smoothmg of the passage of school leavers joining the employ of the Society.

Member Education. —Under this heading we can report a considerable increase in activity. Accentuation in this Beld is two-fold:

Srst, to concentrate on the promotion of classes in Consumer Education, where we feel Co-operative Education has a particula

part to play, and at the same time contribute to the wider issues with which the Movement is confronted in combating the private

trade. Consumer chases have been operated at Spalding (subject: "Design in our Homes "), and at Sleaford (subject: "Colour

pattern ").Both these courses attracted a good response. A further dass at North Hykeham (subject: "Buying your Food Wisely

and Well ")did not materislbm mainly because of the bad weather in January and diSculty of the venue.

A~Weekend School was~for mmnbers at pilgrim's College, Boston, in late February; the subject,"problems

of Retail Distribution, "and the Lecturer, Mr. Cynog Jones, OJLE., Research O15cer, U.SLM..W.

The Joint Conference with tbe I C.S. operative party in late January with Mr. L. Cornillie, National Organiser, South

West and Western Sections, as the speaker was appreciated by those present.

The Discixmon Gmups held at Guild Branches as the second of our new ventures to formulate ~putative thscixm

the members. We wish to thank those guilds who assisted us to inaugurate this work and look forward to their contmued support.

Public Relations. —This new addition to our programme has pmved popular amongst the members. The members mgh

proved a stimnlus to Co-operative activity in the ames visited. Five such events have been held during the winter at Ermme

Estate, Swanpool, Saxilby, North Hykebam, and Welton. The Education Committee wishes to thank the Directom and ail who

have helped to make these nights a success.

Further to this, the fortnight of C.W.S.Film Shows in the country districts were well received and continue to help the Society

to combat local and TV advetising.

Cultural Activities. —The wisdom of forming a Girls' choir at Swanpool and a Drama group based at NewporL m

brought forth early successes which could not have been anticipated, and we wish to place on record our thanks to Mr M ~caster, Mrs. Birkett with the Girls' choir, and Mr. T.Pickering, Drama producer, as well as members of these grouPs for th ~they have brought to the Society. Girls' Choix: Whmam of the Grahtsborough Coopemtive Music Festival and secon&%-+

Lincoln FestivaL operative Players: Trophy ~Lincoln FestivaL

The Senior Choir, on the other hand, have not been as fortunate and it was widi some regret we receiVed the ieshp

Mr. Hindmsrsh at his own request. At the time of reporting strtmuous etforts are being made to maintain this choir. YomJggP

mittee will reach a decision in tbe next few weeks.

Guild Activities. —In this regard renewed co-operation appears to be the keynote. A su~ Gtdld Drama F~ .Quiz, and Public Speaking Competition have been held. We thank all who helped us in these events and look forward to co ~~sllpport m the future.

10

Library and Sick Appliance Service These services continue lo receive patronage by members. During the half-yen mc ipts

h vercmsmedst ble buttl' d~nothdemto~untth mmgcmm. Ith ~tthatacausousoutlookh b ncxpdicnt.Again the Sick Appliance Service hss undergone a review with the object of le~hocking the utensils on hire, as a number of ulensih

have been taken oif the list in the mterest of hygiene and the fact that these articles can be obtained through tho National Health

SCN ice

ci(tc trust this report meets with your approval.

Yours faithfully,

On behalf of the Education Committee,

E. M. SMITH, Chairman.

R. MACARTNEY, Education Secretary.

EDUCATION DEPARTMENT'S ACCOUNTS —Half-year ended 7th March, 1959

RECEIPTS

Pt from Societyctionsl Insurance, Income Tsx

Technical Education ..................Schools snd ConferencesDrama, Choirs (2) Subscriptions ...ConcertsHire of Ampli6er.Adult Class Fees ................„......Library, Sick Appliance Service ...Junior FestivalGuild Drama Festival. .................Dividend snd InterestMiscellaneous

I have 4' the Edaaatloaat Aaaaaaia

sad hatch a ta aanaat. ' (I Aatm pptaatd Aadllar.

C.Wdl. Audit Otiaa,Rlaaahastar,

7th April, Icsc.

s. d......1866 1 6

80 6 72 6 84 1 2

16 2 615 13 9111 6015 0

..... 13114 7817 6

13 0 9619 10 5 0

By WsgtuIt)stionsl Insurance, Income Tax .........Committee Faas snd Delegations .........Committee Ferns and ExpensesTechnical Education ........................Schools snd ConferencesDrama Group .Adult ChoirGirls' Choir (Swsnpool) .....................Concerts snd Film Shows ..................Members' Itiighta (Pubhc Relations)Adult Classes .Guild GrantsLibrary, Sick Appliance Service .........Junior FestivalGuild Drama FestivalGuild Speaking Competition. ..,.....,.....Printing, Postage, snd Advertising ......ffoma dfa()trains ...Cleauing Prendses ...........................Bank Commission ...........................Ag)hations snd Sabseriptions ............Employees' Vouchem ..... ..................

8 s. d.828 18 0128 19 983 6 044 18 874 I 030 14 1037 0 389 4 730 11 ll17 14 841 8 325 0 040 0 051 3 78415 28 0 74 0 0

... 14219 067 14 447 5 11212 10110 09 17115 12

Total Receipts .....1847 15 7 21871 11

Balance to begin-Cssh in handCash in C.W.S. Bank .......Cash in Linc'oln Society. ...

10 460 18 10

... 464 4 0

22183 1

14 15 032 10 8

464 4 0

82188 1

EDUCATION COIIM11TFF ATTFNDANCF'i

etc tat atts

hrt. a m. HopkinsHta. .Z. LaggataMrs. X. naaahaw .....

Qaaatsl aadSab. IgaauniÃ

Ptaaibla

1414

1414

uaaatal aadSab. Riaauaga

Actaal~IR

la al11 'R11 cl8 R

14

2 catgaaat

Hta, n. IL Batuh--

14

Itlt14

14

Oasatal aadsct u( tllut

,4 tca,It

IO cg

1144

11I Abaaat, Cc-cpttatice 4

LINCOLN SOCIETY CO-OPERATIVE PARTY

Report for Year ended 7th March, 1959

Fellow Members,

We submit to you a brief report of the activities of the Party during the past year.

Annual Meeting. —This was held in June with a very good attendance of members, who showed great interest in the report

given by Councillor Mrs. H. M. Kerry and Mxs. M. Eagle, J.P., of the proceedings of the Annual Conference which was at

Hastings. J

Week-End School—These have been held at "The Hayes,"Swanwick, Y.M.C.A., Skegness, and the Pilgrim's College, B on.

Representatives from the Party were present and they brought back some very interesting reports, the delegates appreciated the

Discussion Groups which were held at these schools.

Conference. —A Joint Conference with the Co-operative Society's Education Committee was held in Lincoln, the speake g

Mr. Louis Cornillie, South Western and Western Sections party Organiser. His subject was "1959 Co-operative Resolb

We were pleased to note that several organisations were repmsented.

Conferences have been arranged during the year by the Federation of the Co-operative Party. Delegates have been present and

reports have been given of these at our monthly meetings.

Councillor A. S.Woolhouse, who is a member of the Party, addressed a meeting of the General Council, his talk was a rbsumb

of the work done by the Welfare Committee for the cate of the aged people in our city.

Repxesentatives attended the Labour Women's Rally which was again held in Derby.

Social.—We thank the members of the General Council for the arrangemcnts for this Social, which was held in the Cooperative

Hall, St. Giles. Mr. F. Butler, National Organiser for the Co-operative'Party, Midland Area, was pxesent and he congratulated

the Party for the work done by the committee over the past year.

Twelve Executive meetings have been held during the year, also five General Council meetings.

The Municipal Election.—This will be held in May. We are hoping some of our members will go forward as Labour/~thde

Candidates.

The Party is afiiliated to the Lincoln Labour Party, also the E.M.ILC. of the Labour Party and the Co-operative Party's Group.

We shouhl like to see moxa members join the local Cooperative Party and we extend an invitation to members of the Co-

operative Society to join—the subscription is ls. per year.F. GRAINGER JP Chairman

K. ROSSINGTON, ~.STATEMENT OF ACCOUNTS for Year ended 7th March, 1959

RECEIPTS s» d.To Cash in C.WE. Bsnlx. ......................,... ......... 4'l 6 10

Cash inhexul . ....................... ............. . ... I 4 I+Qxsnt Imm Sodgety. .....o........................... ... 884 9 4Refund Cdmfexcmee, ~ .............. .. ... . 0 16 0Members', Sabscsiptions-. ......:......-...,...... ..... 5 8 6Safcdof~ .... ......... ........................ 0 15 2RaRe.........................................-.-. ........ 1 5 9Refxaabmdmts ...-...... ....—... .-.;... ,,.- .. 8 11 . 5.Bank Interest .................................. ..... .... 0 5 9

I have exa thA. opedative Party Sccaa88te aaIthereby certify th be o

»tSIIoacdt »X88857ydw~r.

O.W.S.hadlt Otaee,

5885 8 7

PAYMEtITSBy Atgliitioxt Esca ......;,.'......... ..i b 3..;...;.:-,' -.7'~:.d''. :-:.5:.=Ig.".-"-88

Sp'cakey's ~........8..... .. .8;,.;.,Jd'»;-' '-='.= =11'»II&::,;5~'s Hdmoxsxtum .. ......,. ...., .....;, 10 0 0

Ihmition to Ifuolesx Meeting ... ..............-..... '5 0 0

snd Ststsonbxy, .............................,.. 4 15 1

Postage ................ . .„......„...................... 5 11 8810 0...' ..~..~-

Literstuxe. ...................................,............- 8~6Booking Peas fox Schools ....-...--,--------' ~

Belegstion Expenses, Annual CImfdmmees

v~8 ddd I dIeed .......,.... 18818

281 C8818

Cash in C.WJS. Bank .....................,............. 72 8

Cash mhsnd .......................................... . 10 i 1

8288 3 7

c78e—ae515 a12

LINC OLNCo-operative Society

Limited t

I s

KEPO1t T andBALANCE SNEET

for the HuIf-I'ear ended

5th September, 1959

;E SCHOOL LANELINCOLN

Telephone ¹.1815 (5 lines)

LINCOLN CO-OPERATIVE CHEiiISTS LIYITED

PRESIDENT:DIRECTORS:

SECRETARY:

Yir .MrsYir .Mr.Yir sMr.

BOARD OF DIRECTORSRegistered Offj. ce,

FR .E SCHOOL LANE,

J. H. Mansfield. LINCOLN.

C. I. Brooke, Mr. L. B. Clarke, 1ir. S. T. Buttery,F-. CD Fountaine, Mr. W. H. Martin, Mr. S.W. Messenger,

R. Walker, Mr. G. Schofield, Ia. D. W. Sharpe,I. Ii. Clegg and Yir. J. Campbell, M. P.S.Duncan YcNab, J.P ~ , A. A. C.C.A.

s d18439.13. Q

TRADE ACCOUNT AND BALANCE SHEET FOR THE IALF YEAR ENDED 5th SEPT. 1959.TRADE EXPENSES ACCOUNT

sTo Wages 12732.19. 9 By Trade Account

National Insurance 4'+2.15. 8Inter e st 45O. O. 0Rent Charge I.C.S. Ltd. 1490. 0. 9Lighting 4 He" ting 933. 6.11Telephone 97. 1.10Transport 543.19. 1Audit Fee 2. 2. 0Printing, Stationery8c Advertising 129. 2. 3Stamps 35 9 3Travelling 33. Q. loCleaning 169 ~ 3 ~ 5kAdmir. Charges 1380.11, 7

To Stock b/fwd.Moods PurchasedTransfer from LBal. from TradeNet Surplus

18+39.13. 4k

TRADE ACCOUNTS

56702. 0. Q By Sales5. 6 Di.vidend

C.S. Wl. ll. 2 Trans. to L.C.S.Exs.a/c184. 39.13. 4k Stock at end

12330.16. Sf181873. 6. 9

18439 13

s d105659. 7,le. 0 -0

473 . 0. 0286/. 19. 3

181873. 6, 9

To Income Tax & ProfitsTax

-Ba1. Dis. trans toL.C.S, 8330.16.

12330.16.—R

DISPOSABLE BALANCE ACCOUNT

s dBy Balance from

4000. 0. 0 Trade a/c.

s d

12330., 16, 8$

Share Capitalo

a

BALANCE -'.

s d17 0 0 ~tock in Tx 3e

&ebT.or s

-:j]il

ci rex

~73H'-.~ 4

4+26 0

QUARTERLY MEETlgCwill be held in the

New Hall, Free School Lane, Lincoln

on

iiIonday, 16th november, 1959

Chair to be taken at 7-30 p.m.

AGENDA

I; hrunites of the last', Quarterly Meeting.

2. Directors' Report and Balance Sheet.

3. Education Committee's Report and Accounts.

4. Appeals and Recommendations of the Directors:—(a) St. John Ambulance Brigade, K2. 2s.(b) Lincoln District Ambulance Society, K2. 2s.(c) Sailors' Orphan Homes, 62. 2s.(d)National Fund for Ponomyelitis Research, g5. 5s.

5. Nominations (closing date, 13th November, 1959).

(a) Six Directors.

(b) Three members of the Education Commiuee.

(c) Tvvo delegates to attend the C.W.S. Half-yearly

Meetiogs.

6. Questions.

BRANCH QUARTERLY MEETINGS

At WELBOURN BRANCH PREMISES (Jtepresentative, Mr. J. H. Mansfield):

~

7Friday, 13th v'ovemhvr, 1959, at 7 p.m.

SAILED BRANCH PREMISES (Jtepresentative, Mrs. C. i. Brooke):Pridov, 13th v ovemhvr. 1959, st 7 p.ov.

SILELLLNGTHORPE BRANCH PREMISES (Representative, Mr. S. W. ivtri veneer i

[:r dav, 13th v ovemhvr, )959, ot 7 p.m.

SPALDING BRANCH PREMISES (Jtepresenttaive, Mr. D. W. Sharps)tI rider, 13th v ovemher, 1959, ot 7 p. m.

RgPJP BRANCHIPREMISES (Repretentativr, Mr W, R. Walker)

jiOWX~~=»-&,';;=,'tfvvtz'„:, ,"-,per„.,;:;Satordayv 14th vvavstaber, 3959 at 6.3e p m

:-+Kg &'L%%TA SOCIETY LTD.

BELMONT Nylons

for that film star look

Women lovethese I 5 den-

„' 'Q ier, S I gaugeshee. yet

,~ strong nylons.tsVera plain

heel 6/I I

Brenda Pat black

pla. in heel shark's

7/ I I tooth heel7/I I

Gay Sheer mesh, plain heel

7/I I.Pam Nylon stretch 9/I I

Ide Crepe stretch le/6

SOCIETY iiressing Gowns

are wonder fulva/ueGet himsomethinghe willappreciatealw'ays —aSOCIETYwoollen

am' snsuglycomfortableand give

ea:i, of:,ear.

p".— "ns.C- 79/9' ~ss(

BELMONT~~pNight-dresses

Nylon crepemodel withcap sleevesand laceflower edgedneckline.Gatheredskirt with, :.':::,::':::::;:-:::,

' Bdeeply irilledhem In

white, pink,blue.

WX 39/6

BELMONTLINGERIE

-the perfectgift

Nylon jerseyset In ivory,

peach, sky.Lace edged

briefs andbra top

petticoat.4 -36" 33/Ii

38"~"36/I I

Many others tochoose from.

Black o brown glace AlbertCom ortable men s sllppwith warm lining. From 2I/9

SOCIETY. for men

Stripedflannelettein choiceof colours. :Sizes SM, :."M, O.S

SOCIETY

Pyjam

ShirtsCollar~chat

,tA Anil-IAN', fayeA

co/ours: Ieg .white gg/k;.:

cotton 29/6Payon

from IS/6

*~Fawn wool felt collar sl'

with vulcanised rubbeWomen's model, alsblue, red or check peti aFrom l4/6

TYSELEYDOLLS PRAM

Asmaller

version off the real

thing.as.L6"'6""P.

The TTSELET Tricycleis robustlymade and willlast the chil-drenforyears. hBlackor co!oured fimsh.

- Chocolate and Syyeet- eSSOrtmeate, C.W.S. of

course. are available in avariety of decorated andfancy packs. Prices start at I/-

for novelty

TYSELEY rAetal

25/9

chi!drenwill loveit. 63.I9.I I

TTSELET Toys forjiir/salf d

,~ boysChildren

I ove playingat gardeners

with this

OFFICERS OF THV. SOCIETY

President: Mr, 3. H. MANSFIELD (25+1')

Mrs. C. I. BROOKE (25)

Mr. L. B. CLARKE (25)~r. S. T. BUTTERY (20)

Direcfors:

Mr. E. C. FOUNTAINE (24+ 1*) Mr. W. R. WALKER (22)

Mr. W. H. MART1N (26) Mrs. 1. M. CLEGG (26)

Mr. S. W. MESSENGER (25) Mr. D. W. SHARPE (25)

Mr. G. SCHOFIELD (25+ 1*)

Assistant Managing Secretary:

Mi. DUNCAN McNAB, J.P., A.A.C.C.A. Mr. S. BETT, A.C.S.A.

Approved Auditor: Mr. S, BARLOW, A.S.A.A. , C.W.S. Audit Department, Manchester 4.

Figures in parentheses denote Directors' Attendances —Possible 26.

«Away on Comparative Business.

STANDING ORDERS

1. RULES 50—4. Notice of motion must be submitted in writing no less than 28 days prior to thc date of tbc

meeting. Six days' notice is required of any amendment to a pmposition appearing on the Agenda.

2. That no member be allowed to speak more than once on any motion at the Quarterly, or any other General

Meeting of the Members convened for the purpose of transacting thc business of thc Society, except the rnovcrs of

resolutions, motions, and amendments who shall bc allowed a reply; and no members shall speak after such reply.

trffj111(88deattauumen ttt' arc made upon original propositions, no second amendment shall be taken into considera-

tion until the first amendment has been disposed of (a) if a first amendment be earned it shall displace the original

question and become itself the question; (b) if the first amendmcnt bc negatived then thc second may be moved to the

original question under consideration, only one amendment shall be submitted to thc Meeting for discussion at one

time; (c) the mover of every resolution and of every amendment shall have a right of reply, immediately after which

the question shall be put from the chair; but no other member shall be allowed to speak more than once on the same

question, unless pemussion be given for personal explanation, or the attention of thc chair be caUcd to a point of order.

4. Time limit'of Mover of Resolution be 10 minutes; thc other speakers not morc than five minutes.

5. When any motion or amendment has been made and scconded, it is open to any member to propose the "previous

question, "l.e., that the motion before the Meeting be not put. Thc mover and seconder of thc "previous question"

cannot speak afterwards on the motion before thc meeting.

6. A motion once earned ahaB not he~at any meeting without duc notice having been given.

. 7. That all questions relating to the Balance Sheet which are sent to the Secretary before the General Mcciins shall

have preference.

8. When the President rises to speak members shall take their seats immediately.

9. Complaints and suggestions must be made in accordance with Rule 93.

10. Standing Orders may be suspended by the votes of a majority of members present if the President or Chairman

decides to accept a motion to that effect.

SOCIETY'S CALENDAR

1959

iovember 16—Quarterly Meeting.

ovember 17—November 28—Dividend Paid.

' November 20—Loan and S.P. Loan Books ready.

1959December 5—Quarter Ends.

1960January 5—Share Booki made up.

February 15—Quarterly Meeting.

D1RECTORS' REPORT

Fellow Members:

It is once again our pleasure to submit for your approval and adoption the Directors' Report I'or the Half year

ended 5th September, 1959.

1. Sales.—As was pointed out in the March Report, it is difficult to compare sales due to the change in the Half'

year endings. We are, however, pleased to report that for the 26 weeks ended 5th September the sales amounted t

f2,867,201, being an increase of f116,215 or 4.2 per cent in comparison with 1958. It will be at least a further six months'~

before we are on proper comparative figures.

In spite of the large amount of capital expenditure to which the Society is subject due to the rebuilding of the central

premises, it is pleasing to report that we have not increased the amount of our buildhtgs, fixtures and fittings this Half

year and have managed to depreciate what we have spent. This is a most healthy sign and we are hoping that, in spi~of the development which we will be undertaking in the next few years, our capital position will remain strong aud ths,

we will be able to write off the rebuilding more or less as it is taking place. The financial strength has never been better~~r'

and the Reserve Fund now stands at f180,000.

We invite members to invest their surplus capital in the Society where their savings are fully guaranteed. In this

matter we would like to bring to your notice the new loan which we are offering to members of 3$ per cent at six months'

notice of withdrawal. We recommend this investment which gives safety, security and an excellent rate of interest.

Year ended Year ended Year ended

5th Sept. , 1959 27th Sept., 1958 28th Sept., 1957

(49 weeks)s. d. s. d. f s. d.

Sales . 5504491 0 0 .. 5597679 0 0 ... 5490549 0 0

Wages 631908 0 0 ... 646273 0 0 ... 621720 0 0

Expenses (excluding wages) .................. 283443 0 0 ... 294183 0 0 ... 290619 0 0

Share Capital .................. .......... . .... 1383393 0 0 ... 1368337 0 0 ... 1361481. 0 0

Loans and Savings Bank .........,........... 574891 0 0 ... 597401 0 0 ... 631521 0 0

Depreciation .................................... 98524 0 0 . . 108479 0 0 ... 94668 0 0 6

Reserve Funds ........., ..., .......„..., ...... 180000 0 0 ... 173000 0 0 ... 160000 0 0

Annual-Trndeper snember .... .... ........ 99 9-fi — . 104 0 .0, 105 18 3

AverageDividend ..:.......................... 0 1.4:--..--. . 0 1 .4 —. .mw-- 9" I 4:wist~Members' Capital re-invertted ............, .. 87.5 per cent ... 86.4 per cent ... 85.3 per cent

Membership ...........................,........ 56,022 ... 54,643 53,003

2. Memlterthip. —The membership now stands at 56,022, being an increase of 555 for the Quarter. We wekome

the new members and woukl invite them, if they are in any doubt as to where they can purchase certain items or if there

is any information they require, to contact the Managing Secretary or the Public Relations Oificer who will tet them

have the n~ informat5on.

3. IBvidea&—We have pleasure once again in reco~ a dividend, of ls. 4tL, in the f. Wd are extmmely

phstsed that we have been able to maintain the dividend in sp'ite of the, large comniitments which we hav'e had to face

this Half-year. A new wage agreement came into force on 3rd July so, therefore, we have orily hsd an increase for mne

weeks during the Half-yesr. Expenses other than wages also keep increasing and our accounts for rates, ehsctnmty,

gas transport, etc., have shown quite a considerable increase during the past 12 months. Over certain of these expenses

we have no control but where it is possible for us to control expenses everyting po'ssitfie is being done to work «tficientiy

and economicsfiy. Our dividend at ls. 4d. is considerably above the national average which has now druPp'ed to 10tk

in the f. In considering the dividend, first importance is given to the financial strength of the Society and it is extremely

gratifying once again to be able to pay ls. 4d. in the f.4. Dewdepmetrt. —(a) Central Premises.

'Excellent progress is being made in the rebuildmg of the central prendses

and the building on the A.F U. site is now tskhtg shape. It is dfificult to fomcast and give an accurate date when these

premises will be open but, sll being well, they should be open in the Sprmg of next year. We.mentioned in the Inst Report

several of the departments which would be housed in the new building. These htciude Hardware, adna and G~Nursery Furniture, Prams, Cycles, Toys, Travel Goods, all forms of Furruture, Bedding, Floor CovermgA

Bathmom Fixtures aml Fittings, phunbers' Merchants' Goods and all Electrical goods. In the meantime, we wo

like to inform you that you can get all your requhements fmm these epaatnmmts in Silver Street and Free School Lsrg-

There is a stock of grates, etc., at our Works Department in~Street.

(b) Slesford. The Society's trade continues to increase in the Seaford area and we are at present building a n+Dry Goods Store which is situated in the main shopping ~uthgate. Here again we will let our Sleaford mern+ ()t

have details at a later date.

(c) Reepham. Durmg the past Hall'-yesr we have completely renovated the shop premises at Reepham.

fixtures have been installed and we feel that the members in fius area will now appreciate having a modem shi&p in

which to tmde.4

5. RetiremenS. —At the hst Quarterly Mccting the president asked that thc appreciation of the Society to Mr. W.

Marshall, the Furnishing Manager, bc recorded in thc minutes. M . Marsbag t md 5th Sc b, ft bu . r. te t on ptem r, a r aving

g v Y cc o the Society. The Furnishing Department, which he managed, has grown tremendously due in

no small measure to the work and energy of Mr. Marshall. We wish him and Mrs. Marshall a very long and haPPY

retirement and we thank him for the services which he gave so faithfully.

To fifi the vacancy caused by the retirement of Mr. Marshall, tbe department has been split —Mr. F.Harrison taking

control of all furniture, carpets, linos, hardware, glass and china and bedding, while Mr. F. Billings has become manager

of the toys, prams, cycles, nursery funuture and travel goods. Both thee mcm have bccn with the Society for a con-

siderable number of years, and we wish them well in their new appointment. They will shortly be going to the new

building where they will have excellent scope. in which to show their capabilities. l

iMr. S. H. Ward, Charge-hand Joiner at the Works Department, has retired after 33 vears with the Society and wc

ish bim and his wife a long and happy retirement. He has taken charge of many jobs and been responsible for carrying

out many first-class alterations to shops during his service with thc Society.

Mr. A. Beeston has retired from the Society's service after serving lg years in thc Hairdressing Departnicnt. Hc

is well known to the many people who use our Hairdressing Department and was undoubtedly one of the best hair-

~dressers in Lincoln. We wish him and Mrs. Becston many happy years of retirement.

Mr. G. Cash, who suffered an accident at the Dairy some time ago, has, unfortunately, had to retire on an incapacity

pension. We trust that his health wifi improve and that he and bis wife will have a long and happy retirement.

6. Hire Pmcbase. —We would respectfully draw your attention to the fact that you can buy furniture, carpets,

prams, wireless, television, clothing, and in fact almost all commodities on Hire Purchase. Tbe Society's intcrcst terms

are outstanding, the interest rate being as low as 5 per cent per annum. In many other orgsnisations you will find that

this rate is doubled and we would recommend you to come along and take on hire purch~asc your requirements fiorn"

your own Society. In the Electrical Departmtmt television sets can bc purchased over a throe-year term. Thc weekly

repayments are very similar to rental agrcemetm, the difFerence being the set becomes your own property at the end of

three years, whereas under rental agreements it never becomes your own property. With hire purchase we have some.

thing to shout about and we would be pleased if you will tell your neighbours about our terms which are unbeatable.

Yours faiithfully, for and on behalf of the Director,

J, H. MANSFIELD, Prcsidcni.

DUNCAN McNAB, Mansgmg Sccrcisry.

IIALII'- YRARLY DIVIDRND

DIVIDEND- - VOUCHERS

D I V I D EN D-

""g lLL JJE PAID AT

will be ready

for issue from

Monday, 9th NOV. , 1959

TO

~ 'I Saturday, 14th NOV. , 1959

GENERAL OFFICE "MOORLAND AVENUE

SLEAFORD. . .

TEALBY STREET

ERlVIINE ESTATE

SUB CENTRAL ...

METHERINGHAM

OTHER BRANCHES ..

17th to 28th NOV.

12th YNO V.

1$th NOV.

19th NOV.

19th NOV.

20th N( V.

2lsg NOV.

17th to 27th NOV.

~24

Dr.

STATEMENT OF ACCOUNTS

FOR THE HALF-YEAR, 7th MARCH TO 5th SEPTEMBER, 1959

CASH ACCOUNTCr.

RECEIPTS s. d. 2 s. d.

To Sales ..............................2761483 15 10

Lincoln Co-op Chemists Ltd. 105717 7 6226'1261 2 4

PAYMENTS

By Goods Purchased ....Carriage ...., ......, ....

a. d. 2 e.

.....2171589 189000 7 10

2180590 6

Ca'pitsl Account-Membera' Shares

Special Loans. .................Penny Bank ..................Sapersnnustion Pand ......Stamps sold ..................

% Loans. ....................nolsimed Capital

75376 18 68163 8 9

24837 4 55009 2 65779 0 96170 0 0

778 16 10

101 17 0126216 8 9

Capital Account—Members' SharesLoans ...........................Special Loans. .................Penny Bank ..........,.......Superannuation Pand ......Stamps Redeemed. ...........

% Loan .....................ncisimed CapitalAccounts ....................

1466191471636512

965476045654

100

6 00 112 9

10 419 6

0 0

15 0220922 12 6

Expenses Aacount-Sundry Rents, Hall, &c. ...Bank Agency Commission

Strong Room PeasPeas Books, &a................Midland Coaperstive Laun-

dries' Assoc. Commimion

Mortgage Fees ...............Co-op. Permanent Building

Society Commissam ......

Axed Stock Acaoant-Proposition FeesSale of Land snd Buildingslhda of Agriaaltmsl Land.

and BaBdfnip ..............Sale of Hosea PropertySale of Fixed Stack .........Sale of MotorsSale of Farm Implemeats ..

Tradh~ Club ........................Repayments —Mortgsgcs .........Investmente AccountHome Property Rents. ...........Natonal Rembenddp DividendEmployees' Income Tsx .........Employees' Welfare AssociationEmployees*, Savings ...............ProSt on Sale of Investments, .

4351 5238 19 ll

1 4 0129 9 10

99 4 0585 0 0

278 6 6V50 0 0

0 0582 0 0

21 0 62367

68423,20982

............... 1403041572661

1559V743

2727517

11 014 8

V 914 4

1 79 90 05 43 0

10 9

428 8 387 19 0

11 9 05248 15

Additione-Land snd Buildings ......... 1144V 4 0Agricultarsl Land snd

Bugd' g .................. 933 18 7

Fixed Stook .................. 3V50 13 6Farm Implements .. 1265 0 0Dairy Plant .................. 1399 13 0Rotom. .......................... 4256 7 4

Investment Aaaoaat. ...........Mortgsgea —House ProperlyTrading Club ................" ..

Ptmava . on- ... 1667: 16 0Unites Xaacss Saacct6aaa. ..... 1, 0 0Itaccln mater coop. Party. .. SS6 1 6

yoh6t ae$6a Xcc6atrve ......... 0 7 6

Haacr Howe Hosyttat .......... 6 6 0

It Inuseam ........,...,.„,....... S I 0

Dividend and Interest ..............................National Rembendd Dividend ..................Non-members' Di ' d ...............-.. ----Eduaation Grsnt .................--.--.-.-"-Income Tsx—Sahedldes "A "snd "B"---Income Tax deducted from Invesimeats

IncomeIncome Tsx~edrda "D"aml ProSts. .....Death Benegts FendEmployees' Welfare Association. .................Employeee' Savings ........ ........................Employees' Income. Tsx ........................ ..Employees' Voaehem .......................,~ ..~..

.28052 16 5

149467 5 I17491 14 467609 2 6

440341 5 61

1728 7 IIV8498 12 3

792 11 1112 1 3

1350 8 657 11 8

V474 0 040317 10 6

4714 8 11743 6 4

2727 3 0155S7 03345 14 0

Total Receipts ..............................3252563 5

Cash in Hand, 7th March, 1959........ .,..... IIVSV 18 526o 1166ae, 1266 .................. 16616 lll 4

ill a all 11

-26, la

24a2 2

Cash in Harsh 5th Septemberl 1959 .-"...:... 8

Cash in Bank, 5th September, 1959 --""""~647$$329813-

KXPFNSES ACCOUNT

a. d. 2 n. d.10 53 4

11 1340770 4 10

Committee Salaries ............Local Committee Expenses ...Audit Esca ........................

n.taurnnceNational Health and Unem-

ployment Insurance .........

224 p 012 2 7

330 0 0

1109 3 613552 12 2

1612 13 6

566 2 7

14166 4 1030440 13 11

To tVagea —Pmductive ............ 76999Distributive ......... 242814

Carting ............... 25863

Expenem —Lincoln Co .op.Chemists Ltd. 18439 13

a. d. 2n. d.

By Sundry Rents, Hall, dtc. ...... 4351 5 6)Bank Agency Commission ... 238 19 llStron m Peas ............ 1 4 0Psaa Books, thc. .................. 129 9 10

Midland Co-operative Laun-drie Association ............ 428 8 3

Co-op. Permanent BuildingSociety Commission ......... 11 0 0

Mortgage Fcca .................. 87 19 0stn ts et

House Property Mortgagea-Account ........................ 322 12 5

snd Electricity ......ephone ....."""-"-s~

Printing, Stationery snd Ad-

Stsmps and Checfue Books ...TravellingDelegatesOther DeputstioneCoal, Coke, 40. ..................ttusrterly Meetings ............Profemionsl Charges. ...........7yorkmen'0 Compensation ...Bank Charges

26444 1 111480 6 92189 9 11

34771 19 3$240 12 7

513316161148

11898

57358

193318513

1594

12 619 10I6 33 48 10

17 ll12 64

10 1113 016 0'

mits ts Ilt

Net Expenses to TradeAccount-

Pmductive ............Distributiv .........

153862 11 3338596 6 1 i

4 '-'1 S tt

5o

tI

Depreoisttou ........ v,;t,„,. tens s 7

6516469 18 8I2516469 18

LAND AND BUILDINGS ACCOUNT

Rtndtnsm Pmpnrtp,SSttcnttursl pmpcitrRouen Pmpcrtp „...

s. d.859177 2 55N91 14 626N8 18 10

6 s. d.50147 14 1

915 18 7

6 ad.N5 0 027a 66750 0 0

4 ~. d.896729 16 4NNT 6 7mlls 18 10

Ttapm Intlon

6 *d. 6 ~. d.56mTT 2 5 mTN 14 156mt lt 6 66512 1220N 16 10 250 0 0

s 4.540728 16 457547 425118 16

gantlnalvstan

5th sept.I950

6 ad.147000 0 0

NON 0 0WN 0

9W}57 15 7 2908111 8 1515 6 6 984406 1 9 5&1957 15 7 '284N 6 2 61mctt 1 9

e Indndes ntolit on sole ol Investments ft517. lon 96.

PLANTs FIXED AND ROLLING SI'OCK ACCOUNT

tg':. s;4,DT58 29165s426gxvoro'. ND."O'.D.

. Tff ill 0

" .8 . ,s.' 446668235 0

25903389 6

8 ~ d.8N92 NN. S 66

8.~, 44

NN tt 400

0599 183670TN 186044

Ratahtat

%786m 06Nb)

2268N 0 0

Dr HOUSE PROPERTY REVENUE ACCOUNT Cr

To RepairsRates, Insurance, &c. ..

Interest .......Depreciation .Balance to Final Revenue

Account ........................

s. d.662 0 11270 8 7

150 0 0250 0 0

4 ' d,

932 9 6

400 0 0

239 12 1

21572 1 7

By Rents

s. d.1572 1

21572 7

INVESTMENTS REVENUE ACCOUNT

To Interest on—Members' Shares .......................Members' Loans

4.S isl Loans.% Loan .

Penny Bank .Superannuation Fund .................Reserve FundDeath Benefits FondTnuling Clnb Reserve .................New Buildhgs Reserve

Balance to Final Revenue Accormt ..

s. d.

15428 16 61946 2 103968 3 10

107 5 61195 6 85696 14 102500 0 0

250 0 050 0 0

100 0 01000 0 07335 19 7

f39578 9 9

By Investments Account—Interest on-

Government Securities ...Shams —I. & P. Societiee—Other Bodies ...Loans —I. & P. Societies—Other Bodies ...House Property Mort-

gsgda

Interest Charged ExpensesAccount .............,..........

Interest Charged House Pro-perty Revsaue Account ...

s. d.

3235 16 25266 10 1

37 5 35243 13 8

16856 10 0

6288 14 7

2500 0 0

150 0 0

f. e. d.

36928 a a

aeso 0 o

289578 9 9I

To Stock in Hand, 7th March,1959..............................

Net PmchssesTransfers —Lincohr Co - op.

Chemists Ltd.Productive Exp«arneDistributivte Expenses ......... 388596Net Smplus to Plnsl Revenue

Account ........................ 201399

s. d. 2 s. d.

556620 0 02058385 10 9$

28835 19 8153862 11 3

6 1$

10539995 16 6

f3337499 17

—:l-::::.':::t

23337499 17 9I

ACCOUNT8 s;d. ''I;,

By Nst Satee B.......;..................,.....6...........2778408 6Dividend oa aachedwaa ................,..:,...... 10538 11 11.

Transfers — aces .............................. 22559 18 4Trandgh~. +F.Account's. i~ .;,.-,...Transasrs —Isadxdafhscpdaativ«CbemietsLtd 441'TI. 2

Stock in Head, 5th September, 1959 ......... 498851 0 0-. . -'

DISPOSABLE BALANCE AND FINAL REVENUE ACCOUNT

To Members' Dividend .....Education Grdmt ........Balance carried down ..

s. 61.140019 1 0

1350 8 61257 V 8

By Balance Dispdsts hie

s. d-

142626 17 '2

To Non-members' DividendSubecriptions snd Donations .............,.......Superannuation Fund ..................Is«erne Tax and Lsml Tax..........,.............National Membemhia Ihvidsnd ......Allocation to DesthBcaefits FundProvision for Schedule "D " snd Profits TsxFidelity Reserve Fund.Employees' Vouch«ra .Profit on Sale of Investments to I B. & F.

Account .Balance Dispossb!e to Balance Sheet

142626 17 2

12 1 3631 7 11

9575 15 912031 11 8

792 11 114714 8 11

30000 0 0100 0 0

3845 14 0

517 10 9158021 4 9

646666 ll 6

Bl Bd 6 Btht I ldll 6 6

Balance fium House Property Revenue

Accouat239 12 1

Balance from Inveetmeats Revenue Account 7335

Balance from Trade Account ...... ...... ...... 201399 4I

National Membership Divide«xi ........ ........ 661 9

Llncola Co~perafive Chemists. Ltd.—Surplas 8330 16 8$

Pmfit on Sale of Investm«ats. ............ .,.. 51V lu 9

It

2219742 6 11

S~ET OF FUNDS AND EFFECTS AS AT PIIII SFPT EMBER, I959

LIABILITIES 2

Shares Withdrawable ...............1364893

Loan and Accrued Interest ...... I56522Special Loans snd Accrued

Interest. ......... ................... 319600

Q% Loan ........................... 6632

Penny Bank sad Accrued Interest 92136Iladsimcd Accounts ............... 8108

Stem Club ........................... 4510

O' biSities-

Su nation Fund ............ 2982N

Creditors for Goads. ................. 190812Expenses ............ 38327

Christmas Club ..................... 416

C~ccocnts paid in Advance. .. 2278

B and Milk Checks Out-

g ......".. ."............. 12369

Pr~on for Income Tsx .......;. 129761

Reserves snd other Funds-Geneml Reserve Fimd ......... 119000

Death Beaegts Reserve Fend. . 15600

Trading Club Reserve Fund ... 3000

Fidelity Insurance Fund ...... 6500

New Buildings Fund ............ 37000

Eduostion Fund .....................Share Interest not yet ruedited. .. 18500

Balance Disposable. ................. 158021

e. d.4 108 I

s. d

2 45 06 3

IS 6li14 3

1952403 19

16 07 3

IS 35 7

17 9

18 100 10

672250 4 6

0 00 00 00 00 0

180000 0, 0429 3 lg

0 04 9

I'70091 4 9

ASSETS 6 s. d.

Stock in Head. .......,.............,. 498851 0 0

PC 0«« ..................... 0170 I I

I 0 DBIIe70 ............... 94700l 0 D

Plant, Fixed, and Rolliag Stock 1M000 0 0Da,«4~9 P«9, ...... , .....„7900 0 0

1' 1~1 '7 W ...... 4DDND D 0e P ~ 07 ..................... 000 D 0

Investmente—Brilleh Government Securities 1893S9 17 0Shares —I. 50 P. Societies ...... 217169 19 II

—Other Bodice ......... 2N 11 3

Losue —I. 8 P. Socieliee ...... 318282 11 6—Other Bodice, ........ 670359 I D

Mortgagee —House Property ... 245733 I 10I

Debtora-Members, 30c. ..................... 178019 0 00 00707 0 „,...„..., .. .,, 44170 9 0

m I 0 ~ I II 01

Accounts paid in Advance. ...„...Education Fund .......,.....,.......Cash in Bask, 6th September,

1959 .....,........................... 647IID 5 6

Cash ia Head, 5th September,190II ..............,..........,..... 0710 I'.I

501229 4 I

636168 3 3

47409 0 03000 0 0

429 3 I I

72979 IS Si

22981604 11 852081604 I I 8

INVESTMENTS ACCOUNT

Balance7th March

1959

Tpscsfepefrom

Shares

Dlvldcml

Pen:hsecsTotals Withdraws

Saleccb

5 0. d.186337 19 6217168 16 7

283 7 0319704 1 10616905 18 8

Briush Iiovcrcmcct ScccrltieeShares —I. aad P. Societies. ..

jOthIu Bodies .........

7409ms —l. acd P. SmdcthuOfter Bodice

1330700 3 7

Imnmx~nc~ p p,ey..

8 0. &

10683 12 44819 7

fb «d.3735M 25266 10 I

3'l 5 35843 13 4

10 0

fb 0. d.3001 17 6

158m 071465 7 7

140487 5 35842 Il 140

17401 14 uaa 14 7 30212 5

6 ~. d.197375 13 2233118 19 0

380 ll 104I5205 7 4788827 16 3

6 «d.3735 18 2m11 3ui 0 7

307072 15 10348m ls 4

'I IDQ04 14

Davit 9 1 mmt 'I 9

6 0. &

16847 ll 10

15847 11 h7 Dl

6 ~, d.hn038 17 0217me 19 11

m31I 3313nn ll 6

AUDITOR'S REPORT

dfee0809e of Ihe 30990080~50ch0i 1ifiede&' ' he~Dhedmmm te 88'~Bddliu

Steumuat esd ~ ths mum wSS

"49$840427916.ID', ~MS5eh hhcchcetcr 4.

Sml Octcher9 1080

FARMS ACCOUNT FOR YEAR ENDED 5th SEPTEMBER, 1959

Dr,To Stock and Valuation 27th September, 1958 .

Purchases ..Traucfcrs from Departments. .....................WagesIn&erect aud Depreciation .Other ExpensesProGt. .

Total

CnBy Sales

Transfers to DepartmentsDividendStock and Valuation, 5th September, 1959

Branctou

13555807414365079

65446863097

36581

131728909

4214458

Welhouru

15284525718053680

501202!)14i.&

1422,&

86231

14913

Walton

13733785633883742

66230622 &19

34662

160414a56

4014325

Hykeham

4032558

20312394224564

1360

11163

39453263

6&

3949

Total

4660421745

8660148952041

108

11'&437

4i3~l,

4764604ii

Total $6581 34662 11163 112437

Dr. BUILDING DEPARTMENT ACCOUNT FOR YEAR ENDED 5th SEPTEMBER, 1959 Cr, !4

To Stock snd Work in hand, 27th September, 1958...... 9791

Purchases . 83322

Transfers from Departments .............................. 1940

Wages .. 46719

Other Expenses .. 11877

Pm6t 6487

Transfem to Departments ...,.......................,'.;.... . 158$

Transfers-Reeds and Services .............. ............ 791%. ';;,

184,:„'-

Stook snd Work in band, 5th September& 1959 ..., 8444 ',"':

Total 160136160136

ATTRACTIVE INVESTMENTS

Full details obtainoble

from the Central Office.

SHARK CAPITAL - The limit of investment is now f500.

Interest 2g per cent

PENNY BANK - Limit f50. Interest 2g per cent

LOAN CAPITAL - Interest 2$ per cent

SPECIAL LOAN CAPITAL - Interest 2ts per cent

Q% LOAN CAPITAL - Withdrawals at silt-months' notict

10

EDUCATION CO~~ITTI E~g REPORT

FOR HALF-YEAR ENDED 5th SEPTEMBER, 1959

Fellow Members'

We submit for your consideration thy'

ation the Education Committee's Rcport for the period ending 5th September, 1959.

Introduction. —At this time of the eay r our Report mainly deals with planning for the Winter months ahead, and these

matters have bad our continual attention during recent weeks. This h lf- ha -year as scen many changes, at the outset thc

passing of Mr. W. Bucknag, a man wh ose contribution to thc Education Committee was of immeasurable value. and

his coBeagues at this juncture wish to place on record their profound thanks. In addition to the normal business before

Committee, long negotiations have pmceeded, with the fuB cooperation of the Board of Directors, on the

,:hanges in the Education Department, which were brought to a fruitful conclusion at the last quarterly meetings.

Midland Choral Festival —It was a pleasing duty for your Committee to act as hosts to the Midland Section Junior

Festival held at South Park Girls' High School on 9th May, 1959. This proved to be an outstanding success, with Choirs

competing from aB over the Midland Section. This event commemorated thc bi~tenary of the formation of the M.C.C A,

founded in Lincoln.

Staff Training. —Technical training has continued according to plan with thc Winter classes concluding with the

Spring examinations. We are pleased to report that the following successes were tuned in Crwoperative and Trade

Courses:—Self-Service Course (Grocery Managers) —Five Passes.

Retail Distributive Course (Junior Statfj—Seven Passes.

Introduction to Display (Grocery Staffj—Twe passes.

In addition, a tbree-day practical course in Member Service was held on Society prcmiscs during April of this year

"ttgtssbrrs with-the cooperative Union at stanford Hall, where aB Dry Goods staffs attendetL

A full programme of statf training has been planned for the coming Winter months and wc are pleased to rcport

recognition of Retail Courses by the Lincoln Technical College, who have agreed to undertake ow classes in the coming

Winter. Initiation courstu for Juniors entering the Society arc again scheduled in this year's progrannc.

Member Activities. —Turning to member activities, a full programme is planned for the coming Winter months,

with accentuation on Consumer courses, Discussion Group Topics at Guild Branches. Members' Nights, and Fihn

Shows.

Cultural Cistiewa —The Swanpool Girls' Choir continues to make cxccgcnt progress, and we hope to present them

on many occasions this Winter for the pleasure of our members. A new girls' choir is to bc formed at Newport, and

we trust that this will have the same success as tbe Swanpooi venture. This year's Junior Festivtd of Musir, and Speech

wIB take place at St. GBes Scconthuy Modern Scbool on gth rmd 7th November, 1959, with Dr. Gordon Sbttcr and

Mrs. Ann Stewart as adjudicators in music. Mr. p. Dornford-May wjB be adjutBcator in spccch. We arc pleased to

rcport that Mr. Geoifrey de Frcftas «nd Mrs. de'prehas vcgf prcscatt thc awards at this year's Festive

hbtalbr. —The Library and Sick Appliances Services have bad our attcn6on in recent weeks. and you. commbtce has

the matter under review at the present shw. It B antkaptlted that we sbaB be abk to effectively mnedy the problems

nccrning these services in the near future.

vf~ Education', as orgamscd by, the Society in present times, has to compete with many mass mcdlcsns, and

&bis means that yoitr~has to~btrger budgets to meet competition. we therefore trust that members

take fuB 'advarrtaga:df the~made by the Society arid support to thc ful'our, endeavors,

Yttatrs faithfully, for aud on behalf of the Educatkm Cenmjttgg,

B. M. SMITH, Cbabmam

R. MACARTNEY, Etbtcaten Ogccr.

11

EDUCATION DEPARTMENT'S ACCOUNTS —Half-year ended 5th September, 1959

RECEIPTS

To Grant from Society .. . .. . ............ ... .National Insurance, Income Tsx

Technical Education. ........ . . . ........ . .

Choir Subscriptions (2)............ ... ....

Hire of Amplifier. . . .Library and Sick Appliance Service .JI.C.C.A. Junior Festival. ...............

Dividend and Interest ......... ......... .

Bank Interest

I vc Sxamiued the Educatiouui Accounts

snd e certify the same tu be correct. .~.S.A.A.~Accauamul aad sfrprvrud Aadnor.

C.W.S. Audit Offica,

Manchester2ud October, 1959.

s. d.1350 8 6

M' 10 1048 7 6210 02 0 0

167 16 1047 5 3

6 7 00

PAY11 ENTS

Bv 'A'ages ... .. . ...... ... .. , . „National Insurance, Inrourc Tsx

Rents and. Repairs

Committee Fees and Delegstrons

Conunittee Fees and Krpenses

Technical Education

Schools and Conferences

L.C.S. PlayersCboirs (2)Member's Nights —Films .. . ... . ... ... ...Adult Classes

Guild Grants

Library and Sick Appliance Service ...

Junior Festival ........ ...... .... ...... ......

Home Magazine. ........ .... . . ..... . . . . .... ..

Cleaning Premises. . . . .Postage, Stationery and Advertising. ..Aifiliations and Subscriptions ...... . .....

IBLC.C.A. Junior Festival. ........... .. . ..

Bank Commission ...........................StaB' VouchersMiscellaneous. ........... ... ..................

d.716 2 ir

1193 I 1049 19 6

61 lo76 18 7

127 5 3

4299 5

4 0 0

12063 I

4812 6

54 19 8

38 31+57 3 057 8 3

Il 5 4

917 ll16 18 10

InsfAI

Total Receipts. ..... Total Payments 21801 12 7$

Balance to begin-Cssh in hand .................Cash in C.W.S. Bank

Cash in Lincoln Society

14 15 032 10 6

464 4 0

Balance to end-Cssh in hand ................Cash in Lincoln Society

Balance to end-Bsnlr. Gverdran ..

$2230 lo 9

63 15 I

22294 10 1062294 10 10

EDUCATION COMMITTEE ATTENDANCES

nm. E.SL Smith. ..........Atr. W. Eudmua (~}yrz L Ir.cluck ................

Sfr. T. C. Irunhhet. ..........

Sfssm,

Ecardblutaourdhle19,.„. IT+tv . Sfrs. E.IrafSSrmhc. ....... .. ........r,. IS

le le+I» iaru X~Iaa:,4;-'Sr-;-Shyhre ..... ,=-.=:—..„'-, -ta

la 2+lac yffra 6;-14'~:.... ....,.. . ..— 1S

Sub. Sfealtsfn