Co-Operative Stores, Their History, Organization, And Management. Based On the Recent German Work of Eugene Richter. With Annotations And Amendments Rendering the Work Specially Adapted for Use in the United States
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— -The profits, as ascertained on balancing the books, shall be divided into two shares as follows: I. (Say 2)* per cent, on the amount of capital {both permanent and subject to withdrawal) standing to the credit of each shareholder at the last preceding settlement, shall be credited io such share- holder's account. If the profits are not large enough io admit of (say 2) per cent, being thus credited, there shall be a credit given of such smaller percentage as will consume the entire profits. I...I. If, after crediting (say 2) per cent, on the capital of each shareholder, as ascertained at the last preceding settle- ment, any portion of the profits shall remain undisposed of, such remaining portion shall be credited to the shareholders in propor- tion to the amount of each member 's purchases during the quarter in which said profits were accumulated. , § 7. Apportionment of Losses. — If, on balancing the books, loss shall appear to have occurred, it shall be charged io all of * This means two per cent, quarterly, or eight per cent, per annum.
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