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Salient. An Organ of Student Opinion at Victoria College, Wellington, N.Z. Vol. 4, No. 8. July 16, 1941

So Far

So Far.

An enthusiastic public meeting, called by Modern Books, Wellington, has elected a Provisional Committee to organise the Society into working order. It will be registered under the Industrial and Provident Societies Act, 1908. After registration, shareholders will elect the Management Committee and control the affairs of the Society. Shares are £1 each, 5/- payable on application, 5/- on formal allotment of the shares, and the balance is determined by the Management Committee. There is no liability other than the balance of shares taken, but not paid up.

Trading surpluses will be dealt with as the Annual General Meeting determines—dividends, reductions in cost of publications to members or building up the capital fund.

The Provisional Committee is—Messrs. F. L. Combs (Chairman), R. F. Griffin, I. K. Mackay, B. E. Souter, Professor I. A. Gordon, Dr. W. B. Sutch, Mrs. J. Souter (Hon. Secretary).

Capital is needed. Already the Provisional Committee has secured promises amounting to over £100, but several times this sum is needed to start issuing publications in any volume. As soon as sufficient capital is raised, production will start, and by utilising the progressive forces and cultural societies of New Zealand the Society should quickly become successful.

You are asked to become a shareholder and to pay with your application 5/- per share, or the whole amount if this is convenient.

(Note.—It is the hope of the Society to publish also text-books—students will need no telling of the advantages of this scheme!)

Support the N.Z. Co-operative Publishing Society.