20 



CANADA - CO-OPKKATION AND ASSOCIATION 



$982,268, the amount of casli grain tickets and settlements due to the pub- 

 lie ; and $199,479, being the war tax on business profits between 31 July 

 1914 and 31 July 1916 and due to the Dominion government. This tax 

 amounts to 25 per cent, of all profits beyond 7 per cent, of the invested 

 capital , reserves included , and should be paid on the profits of three 

 financial years. The reserves amounted to $322,973. 



The profits of the year 1915-1916 show the growing importance of 

 the enterprise. They amounted to $757,275 which, when the war tax 

 had been deducted, allowed of a dividend of 8 per cent, of paid-up capital 

 on all shares allotted before i April 1916. 



§ 2. The Ai^berta Farmers' Co-operative EivEvator Company. 



This company was registered in virtue of a special Act of 23 March 

 1913 and is therefore of quite recent foundation. Its growth is clearly 

 shown by the following table : 



The activity of the company's elevators is shown by the following 

 figures : 



Farming season 191 3-19 14 



» n I914-I915 ' 



" » 1 91 5-1 91 6 



» » 1916-1917 (3 mouths) 



more than 



$3,774,396 bushels of grain received iti the elevators 



5,039,100 i< » » » )> » » 



19,320,536 » » « » » » ). 



600,000 » » » » » » ), 



The commission department, which dealt in 1914-1915 with only 

 1,211,000 bttshels, dealt in the following year with 10,384,156 bushels 

 and in the first three months of the ctirrent year with more than 2,000,000 

 bushels. 



