History of the United Co-operative Baking Society Ltd. : $b A fifty years' record 1869–1919Reid, William
History
History of the United Co-operative Baking Society Ltd. : $b A fifty years' record 1869–1919
Reid, William
United Co-operative Baking Society, Ltd., Glasgow
During the whole of the period from the beginning of 1892 until well on
in 1894 the time of the committee was much occupied with matters
connected with the extensions which were going on. Although the addition
at the north end of M‘Neil Street was finished and occupied early in
1893, the work in connection with the new stables and the fitting up of
the biscuit factory called for constant attention on the part of the
committee, and every minute contains details of contracts entered into
or being carried out; while, in addition to the work which was being
done by contract, the Society had bricklayers, painters, and a plumber
working under their direct employment. A building department had not yet
been formed, but the Society was gathering together the nucleus of this
department which took shape and being at a later date.
CONTINUOUS GROWTH.
When the new buildings at M‘Neil Street were commenced the private loan
fund was again opened, but now money was coming in so rapidly with the
continuous growth which was taking place in the membership of societies
that the committee recommended again that this fund should cease. How
continuous and great was the increase in the share capital of the
Society is shown by the fact that on one occasion the new shares issued
in the months of June and July totalled 1,320; while, on other
occasions, shares were applied for by single societies in batches of
600, 800, and 1,000. When the first M‘Neil Street premises were opened
in 1887, the Federation consisted of thirty-six societies, and was doing
a trade of slightly over 400 sacks a week. At the majority celebrations
in 1890 the number of society members had grown to forty-three, and the
turnover was 715 sacks weekly. Now at the end of another four years the
membership had grown to fifty-two, and the turnover to 1,254 sacks.
Thus, when the Society had attained its semi-jubilee, it was doing a
trade of £137,500 a year, and making a profit of £11,600; while the
output of the twenty-fifth year was 64,308 sacks, and the average
dividend for the year was 1/(4½).
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account