REAL ESTATE
M .0. SNODCRA'S;
FOE'SALE: Monaghan Farm
^ LARA’S VA-RlET y
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'REPAIRING
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MACHINE WORK
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CHAMPION OUTBOARDS
(latest models coming in)
ANNUAL MEETING
Cont. from page 4
Anchorage Dairy to sell and reap
whatever profit is made from the
resale in -nnchorage. Any advertis
ing done to promote the sale of
these products naturally becomes an
operating expense of the Anchorage
Dairy.
The distribution of the profits and
losses was explained by Esslinger
in this way. Members may sell pro
ducts in more than one department
of the Association. V/hen a member
sells a product in a department that
makes a profit, the members is cre
dited with his share of the dividend
payable according to the amount he
sold. Should another department in
which this member sells produce, ,
show a loss, that member is charged
with his proportionate share of the
Cont. in next column +
ANNUAL MEETING
Con.t. from col. 1 on this page
loss according to the amount of bus
iness he did with that department,
■‘•his would naturally reduce the net
amount he would realize from his
total patronage. Mr. Ssslinger ex
plained that this had worked out so
that no one actually owed the Asso
ciation anything, because most mem
bers patronize several departments
of the association. both non-mem
bers and members share alike in this
distribution, Mr. Esslinger explained
Several members asked about the ac
ceptance of non-members' products in
departments v/herc there was a sur
plus. Mr. ••ilson explained that the
products of non-members had helped
the Association out in several in
stances. He used the product of let
tuce as ono example. All too often
the bulk of the le-ttuce produced in
the Valley matures at about the same
time. This floods the market for a
short time aij$ creates a'surplus of
stored lettuce. However, during the
season it has happened that the As
sociation found it necessary to buy
lettuce from some non-members in or
der to meet a contract because none
of the members had lettuce ready for
market at that particular time.'
Mr. James Wilson, manager of the
Association, gevo a very good report.
Several questions wore cleared up
regarding operation practices in the
departments. In his report, Mr.7iIsor
pointed out that the new steam line
to the Dormitory would reduce the
cost of operation a great deal. He
stated that the construction of this
line should pay off in the savings
nade in two years time.
Following the reports, election of
new -board members was held. F.J.
'iemmer was re-elected to the Board
cn a one year term, and Roland Snod
grass was elected to a three-year
term.
3nc Amendment was added to the By
Laws of the Association, pending ap
proval of the Farm Security Adminis
tration and the Internal Revenue Of
fice. This amendment will change the
-iscal yeah of the association to be
5in Tune :3,, .and end May 31, rather
;han the present set-up which is from
December 1 to November 30. The pro
posal carried by a largo majority
rote.
fhe meeting adjourned at about 3:30
p.m. following the drawing for tho
)oor prize which was won by Paul
lelson. The prize was an Electric
toaster.
lore than 100 persons attendod the
leeting which included wives and
probational memoers.__