VOL. 12 F airier. Alaska ^_R/i>xr:ry 25. 1949_Nj. 0
ITIVFCh . -ELECTED -THREE DIRECTORS-REPORTED BOOB
SORRY TO BE LATE
T7o purposely hold the paper over in order
to print the ners of the neeting of this
Friday, If the paper is to appear on Fri
day it must be all ready to print by Fri
day norning at the latest, but as it seemed
nore desirable to get the ners of the neet
ing in this reek’s issue, re held it over
for that purpose. Since hone of the adver
tisers rore offering Saturday specialist
ras not imperative that it bo out by Fri
day. T7c hope the delay has been rorth
rhile.
CASH DIVIDENDS DECLARED
Daring the past yoar noro than $20,OOO.00
in cash dividends havo been declared by the
Matanuska Valley Fnrnors' Cooperating Asso
ciation. This reek the D.- iryricn received
cash dividends in the oriount of )9,700.00,
and the Egg Producers rccoivcd 0853.00 in
cash. P-'tronage Dividend Sharing noribors
■as Troll' as the rest of the members rill rc
coivo '5000.00 in cash and $5000.00 in
Equity Certificates rithin tho noxt for
days.
Last sunnor the dairymen recoived 05,900.00
in cash dividends rhich brings the total
paid out in cash dividends or returns to
tho nenbers’$21,453.00.
Tho Certificates of Eruity arc retired in
ten yoars. Tho 1939 issue rill be duo this
noxt Doccnbor.
AT.l dividends are paid to the nonbors in
proportion tho amount of use that renter
rakes of his Association, If a nonbors*
anount of patronago is double that of an
other nonbor, his returns- in the fom of
dividonds rill .bo trico as largo.
f ’ •. ; i > i
llr, TTilson s%at|fcd that patrjons rh® are nol}
on tho Patronage*. Dividend-Sharing Plan can
bocono participating nenbers and bo granted
nunbern. Accumul#cd savings can be usod
to purchase a sharo. Mr, Wilson explained
this rook that "A Co-operativo repays to
its patrons a percentage of the profit
based on patronage.w
FIREfDEn'S BALL march i?
COMMUNITY HALL
| ythK
Tho Annual neeting of the Metanuska Valley
Earners’ Cooperating Association xnas call
ed to order shortly after 11:00 a.n. on
Friday February 25th, then 42 voting non
bors were present and a quorun could b6
declarod, Other nenbers arrived later,
' swelling the total to about 2/3 of the vot
ing nenbership. Others present included'
a feu patronage dividend sharing nenbers,
Probational nenbers, Hiss Louis Kellogg,
uho has entered the Dairy I'dustfy in the
Valley the past year; Can Beenan, narager
of the Anchorage Dairy; I.H..C, Ahdorson,
representative of the MiA; O.F.Ohlson,Pres
ident of the Alaska Rural Rehabilitation
Corporation Board of Directors; and C."-.
Peters, G. neral Manager of the AHP.C.
The ncoting opened with the reading of tho
ninutes of last years A-nual neeting by
Curl Rasnusson. T’e reading of the ninuteg
uas follouod by a report of the activities
of the Board of Directors for the past year.
Tho report shored that tie Board had held
48 nestings during the year, According to
this report there are at present 91 voting
nenbers as a number have been suspended
fron voting until such tine as they again
resuno production and narketing through
tho Association. 2 nenbers have left the
Valley and withdrawn their nenbership,while
5 probational nonbers have been added to
the list.
FINANCIAL STANDING GOOD
Folloring the report of the Sec re tar:’’, the
Financial report t;as given by Clayton Es~
slinger, Chief Accountant for the A-oocia
tion. The report shored that the Aer.ccna
tion is in the best condition that it has
over been. CJopies oy thq report t? ere p'isod
out to nenbars ;so that 1jhoy jc<jul<| fo] Ajfi
^through the ^report vh ilq it jnas being o-ad,
’lianbors roro free t(j> ask questions a’icc -
any part of 'the report rhieh ras not' c jr1*
to then. Horovor; before the'report vrns
finished, coffee, sanduichcs, cake,4'.- lea
crean arrived and provod t<^> be norc u^i, i.'(i
than the report for the tino being. Th
noeting uas thorofor rocossed for lunch..
The Crcancry and Treading Post cooperate i
in providing lunch for the'occasion—tho
Creanery furnishing cojfoo, crean and a:
assortnont of flavors in Icc Crean; rhtl. •
the Trading Post conplotod the menu rrith
sandrichos, potato salad, cako,cookies ara
pickles. Cor.t*. on pp. 3 _