FALMER ALASKA.. - .CARL RASMUSSEN,EDITOR.
Published every Friday at Calmer, Alaska,for the Matanuska Valley
Farmers Cooperating Association,for the purpose of giving news of the
Association's work,problems,accomplishments and news of general interest
Subscription by mall $ 1.75 yearly, Box $ 1.00, Single copy 10^‘
FINANCIAL REPORTS SHOW ANOTHER FAVORABLE YEAR.
While the members of the Co*op,who were present at the annual meeting,
called for last Tuesday, decided that it would be best to postpone the
meeting until next Tuesday,Febuary 1st,on account of the stormy weather
which prevented many from attending. It was docieded to have the report’s
of the Board of Directors and the Auditors’ so that they could be gone
over by those present, end we almost forgot to mention Mr. Stocks report
which was very informative - and interesting,
Mr. Brix's report for the Board of Directors,showed that the Board had
attended 40 meetings, which indicates the amount of time the Board had
to spend to frame policies and make decisions for the conductions of the
business connected with the Management of the Association. Each meeting
prRcticaly means a whole days time, which is lost to the Board Member
as far as his own business is concerned. Men who are willing to spend
their time in this manner,are certainly deserving of a lot of thanks.
Mr. Stock’s report covered the time that the Association was under his
management during the last fisenl - year, which ended on Nov. 30th, '43.
The financial reports showed that the Co«op. had made the largest gains
in its history,during the past year# and indicated that Mr. Stock's
management had been very profitable to the Association’s members during
this time. Mr. Stock stated thathe had heard that it was freely predict
ed that the Co-op, would go into the red and too closed up within six
months, at the time that it was take* drer toy the people in 1940, under
his management. To show how far wrong these people were, he stated that
Association had only handled about forty thousand dollars worth of prod
ucts of its members the year nrewloua t© the toeff^uninc of the establish
ment of an independent Cooperative, in aomparlson with the figures for
the past year which showed Many times that amount. Mr. Stock called
attention to some practices of certain members of the Association, which
would cause certain trouble if they are allowed to Continue. There is a
feeling by many members«thafc this OO-op. certainly owes Mr. Stock a lot
of credit for building a found financial organisation.
The Auditor's report, prepared by Mr.E.W. lleCtor,Of the northwest Coop
erative Auditing Service Assn* Of Walla Walla, Wash, was read by Mr.
Rector and comments on the results were given and questions from members
answered. This report gave results of last years operations and compared
with the preceeding year* Tha Improved conditions in the Garage and the
Meat department were very noticeable amd most of the other departments
done equaly as well as last year and uaualy better. The Hospital showed ,
no loss for the first time In its history# The Auditor emphasized the
fact that the Trading host had outgrown its quarters and that plans must
be made for its enlargement* The value of the stock in the Trading * ost
is nearly double In comparison with 1940 and this alone indicates the
urgent need for additional space to conduct business in and store goods
for sale. The cash on hamd and aee\lmulated funds in banks and other
sources were larger than ever before, aeaounts recievable were in very
goo-* shape and the obligations Vf the Association were low, while all
interest payments and other obligations of this nature had been met on
or before they became due* Yfaeit the members of the Association meet for
the postponed meeting, all of these reports will be repeated, be there.