Greenbelt cooperator., 1943-02-05


lay night in the Auditorium
rs Percent Return
Y, A patronage return of 5 percent
was declared on all purchases for
which slips had been turned in.
The return was voted to be made
available to the membership in
cash or IN stock, provided that
those who wished to receive theirs
in ashAMeuld So notify the office
within thirty days after posting of
The amount due them
C. Paul Barnhard, Fred A. De
Jager, Mrs. Mary M. Dodson, John
A. Dombeck, and Carl w. Hintz
were elected to the Board of Di-
rectors. The candidates were in
troduced and spoke briefly before
balloting by the Hare system.
Also running were Allan A. Bry-
an, John C. Manning, and Cyril
S. Turner.
John Norvell of 18Th Ridge
Road won the first door prize,
$40 share of stock in G. C. S. The
second, a $25 war bond, went to
Mrs. James Johnstone of 14-D
Ridge Road.
The meeting was conducted by
President Francis j. Lastner who
also reported as chairman of the
Board of Directors.
$4,000 Tax Payment
Treasurer Fred De JAEGER re-
ported on the business operations
for 1912 as compared with 1941,
pointing up high spots in the
tables of asles, expenses, and mar.
gins which were distributed at
rne meeting. Mr.. DeJager e7-
planned that payment of patron
age return as great as the relation
of the net margin to total sales
was considered by law to be the
return of an over-charge to the
customer, and therefore is not
subject to personal income taxes
or corporation taxes. On the
other hand the net margin earned
on sales to non-members or to any
who do not turn in patronage
slips 10 COIlolucIGu as a pIOllJ VI
the corporation and after the al
lowable reserves are set aside is
subject to excess profits taxes.
Because the slips turned in ac-
counted for only about half of the
sales in the Greenbelt stores last
year some $4,000 will probably
go to the government.
Educational Chairman Mrs.
Dodson reported the participation
of Greenbelters in inter-co-op ac-
tivities in the vicinity and else
where. the hiring of a promo
tional director, and the work of
the consumer information group.
Membership Chairman Clifford
Meyer reported membership in
creases in spite of little committee
activity in the last quarter. Plans
for party in March will be an
nounced.
Record Savings
General Manager Thomas B.
Kicker reported that the years
savings were greatest the organi-
Zation had ever known. Volume
IiC HC" liSHo III IJtG anu llC dHIl-
cipates similar increases in 1943.
Discussing operations of each of
the stores Individually, he stressed
the point that difficulties, many of
which are traceable to crowding of
facilities, are being given con-
stant attention. "Owners and en-
ployees are partners in this busi-
ness and we must share the joys
and hardships together in order
to see this thing through" said
Mr.. Kicker.
Reporting for the Auditing
Committee DR.. Carl Treiman mem
toned improvement in the ar
rangement of stock for inventory
taking and recommended still
other improvements, asking par
ticularly that the committee be en-
larged in order to fulfill its i'm
portant functions more adequate
ly. DIR. Treiman's appeal for
help met with a generous res
ponse, about two dozen people Civ
ing their names to be called upon
as volunteers.
After considerable discussion
the membership recommended that
(Confinued m Pace 2N