INFORMATION RELATING TO CO-OPERATION AND ASSOCIATION 



19 



which in 1912 were 2,846,000 crowns, rose in 1913 to 3,048,000 crowns, in 

 1914 to 3,825,000 crowns, and in 1915 to 5,005,000 crowns. In terms of the 

 percentage of the figure representing the business done, that is of the value of 

 the purchases giving a right to a share of dividends, the associations belong- 

 ing to the union received 5.5 per cent, in 1912, 5.5 per cent, in 1913, 6 per 

 cent, in 1914, and 7 per cent in 1915. 



We will conclude by reproducing the balance-sheets of the union, 

 dated i January 1916, 1915 and 1914. 



Balance Sheets of the General Union . 



(in millions of crowns). 

 Credit. 



Stock of merchandise 



In hand 



Inventory .... 



Properties 



Credit 



Total 



Debit. 



Co-operative societies' account 



Reserve funds' » 



Dividends » 



Debit » for loans 



Insurance » (against lowering of prices) 



Reduction in value of buildings 



Insurance account 



Insurance renewal account , 



Insurance account (against disturbance of activity) . 



lyoans on properties 



Various creditors 



Carried over from last year 



Net excess 



Total . . . 



igi6 



1914 



