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The Cyclopedia of New Zealand [Canterbury Provincial District]

The Christchurch Workingmen's Co-Operative Society

The Christchurch Workingmen's Co-Operative Society, Limited, 82 to 88 Colombo Street; branch at High Street, Kaiapoi. Officers for 1901: Mr. W. H. McKellow, president; Mr. J. A. Efford, vicepresident; Messrs J. Hislop and H. Chaplin, trustees; Mr M. W. Woodfield, A.N.Z.A.A., secretary. Bankers, National Bank of New Zealand. This society was established in 1889, and has grown and developed with astonishing rapidity; the sales increased from £1200 in 1890 to nearly £25,000 for 1900. On the 30th of June, 1901, the amount of paid-up capital was £3444, on account of transferable and withdrawal shares, and that left an amount of £2107 still uncalled. Dividends at the rate of 8 per cent on transferable and 6 per cent on withdrawal capital have been paid, making a total distribution to shareholders of £1889 on capital invested, and £6245 as bonuses on purchases and wages. This society was one of the first in New Zealand to give its employees a weekly half-holiday, and they enjoyed that privilege several years before the Act on the subject was brought into force. There are grocery, provision, general ironmongery, boot, drapery, mercery, tailoring, and underclothing departments at the society's fine shops in Colombo Street. These shops and eight acres of land are the freehold property of the society.