No balance-sheet was printed for any of the quarters in the first year, but a written statement, showing the position of the Society, was sent to each member. The first quarterly meeting was held on 29th May, when the rules were adopted. Mr Gabriel Thomson was elected president; Mr John West (St Rollox Society), treasurer; Mr James Borrowman (Anderston Society), secretary; and Messrs James Ferguson (Barrhead), Joseph Gibb (Thornliebank), Alexander Douglas (Anderston), and Weir (Motherwell) as committee. It was also agreed that the secretary be paid £1, 10s. and the treasurer £2 quarterly. Footnote 1: The United Co-operative Society Year Book, 1896. With the appointment of a new foreman the bakery was now running more smoothly than during the first quarter, but it was not yet paying its way, for the minute of 29th June records the fact that the loss at that date was £25. The explanation of this position, as given by the secretary, was that a liability of £4, 15s. had not been taken into account at the last balance, some flour which had been bought had not been used when the price fell, and this had entailed a loss of £6, 10s. An encouraging feature, however, was a report given by the new foreman which showed that a profit had been made in each of the two weeks with which it dealt. The sales were also rising, but the committee were not satisfied with the trade the Society was doing, and were desirous that the turnover should be raised to sixty sacks or seventy sacks a week, as they thought that with such a turnover they would have a good profit. As a preliminary step to securing this turnover they determined to send out several of their number as missionaries to societies which had not yet joined, with the object of getting them to do so, or, at least, to purchase their bread from the Society. Amongst other minor difficulties with which the committee were being faced at this time was the lack of suitable stabling for their horses. Their stable was too small, and it was unhealthy. It is true that horses were not very costly, but neither was money too plentiful, and they could not afford to run any risks. One of the horses which they had bought in the beginning of the year was ill, and had to be sold for £6. A decline of £12 in the value of a horse inside a few months was evidence that there was something wrong somewhere, but suitable stabling was difficult to secure. A MANAGER APPOINTED.