R ECENT PROGRESS OF TH>: CO-OPERATIVE DISTRIBUTIVE ASSOCIATIONS 9 



the Union only received 5 14 % on the 38,565,000 crs. (amount of purchases 

 giving right to dividends), whereas in 1911 they received 6 %. 



Finally, we reproduce the balance sheets of the Union for January 

 ist., 1911, 1912 and 1913. 



Balance Sheet of the Common Union. 



Credits. 



Debits. 



Co-operative Account 



Reserve Funds Account 



Dividend Account 



I,oans Account 



Insurance Account (against Fall in Prices) . . 



Depreciation of Value of Buildings 



Insiuance Account (Seed) 



Insurance Account 



Renewals 



L,oans on Eand 



Various Creditors 



Balance from Previous Year 



Net Credit Balance 



Total 



Millions of Crowns 



0.77 

 3-66 

 0.20 

 2.91 

 0.20 

 2.50 

 0.07 

 o.io 

 0.50 

 1-34 

 3-49 

 0,03 

 285 



18.62 



0.76 

 325 

 0.16 

 2.77 

 0.20 

 2.25 

 0.07 

 0.10 



1-35 

 336 

 o.oS 

 2.71 



17.06 



0.68 

 2.78 

 0.15 

 2,63 

 0.20 

 2.00 

 0.07 



G.IO 



r-37 

 2.87 

 0.04 



2-35 



15-24 



