REPORT OF CO-OPERATIVE

The annual report of the directors of the Co-operative Society for the fiscal year ending July 31, 1906, was published yesterday and may be obtained by last year's members at the office of the Society's store. The stockholders have declared a dividend of 8 per cent. on the dividend drawing purchases, as against 7 per cent. in 1905-06 and 4 per cent. in 1903-04. The dividend checks will be ready for distribution on November 16.

The volume of business done by the Society during the past year shows an increase of about 5 per cent., or $10,-936.30, and the net profits an increase of $1306.59 over last year. The stationery and tailoring departments have shown the greatest progress, the former showing a gain of $5326.72 and the latter of $10,984.04.

The statement of receipts and expenditures for the fiscal year ending July 31, 1906 is as follows: RECEIPTS. Gross profits from Sales,  $46,125.14 Membership Fees,  2,162.00 Interest and Discount,  3,545.34 Lyceum Hall rents,  1,132.17 Other receipts, net,  70.89   $53,035.54 EXPENDITURES. Salaries,  $21,666.15 Rent,  160.00 Telephone, Postage, etc.,  1,291.17 Advertising,  815.44 Express and Carting,  2,243.80 Insurance,  1,132.12 Stationery, etc.,  1,323.70 Gas, Electric Light, etc.,  948.82 Other Expenses,  1,081.76 Lyceum Hall Expenses,  2,872.14 Interest,  2,982.14 Depreciation, fixtures,  610.45 Depreciation, real estate,  5,000.00 Balance, profit,  10,907.85   -----   $53,035.54

COMPARATIVE STATEMENT OF SALES BY DEPARTMENTS.   1904-05.  1905-06. Men's Furnishing,  $52,245.27  $54,911.96 Books,  73,371.79  63,589.13 Stationery,  45,781.19  51,107.91 Tailoring,  27,612.13  38,596.17 Coal and Wood,  17,653.93  17,990.82 Furniture,  21,650.83  23,055.45   -----  -----   $238,315.14  $249,251.44 COMPARATIVE STATEMENTS. Expenses,  *$28,228.51  *$30,662.96 Amounts added to Capital or Surplus,  660.21  166.86 Amount of Dividends,  8,565.21  10,740.99 Rate of Dividends,  7 per ct.  8 per ct.

*Excluding Lyceum Hall expenses.

Nomination of Officers for 1906-07.

The stockholders of the Co-operative Society, at their annual meeting, have made the following nominations of officers and directors of the society for the year 1906-07.

Stockholder to serve five years, Professor B. Wyman '96; president, W. B. Munro '99; treasurer, W. M. McInnes '85; secretary, J. A. Field; directors: from the Faculty of Arts and Sciences. Professor C. L. Bouton '96; from the University at large, R. H. Oveson 2L; from the Graduate School, H. L. Blackwell '99; from the Medical School, Dr. W. B. Cannon '96; from the Law School, P. Dana 3L.; from the Senior class, J. Reynolds, Jr.; from the Junior class, H. S. Blair; from the Sophomore class, S. Kelley.

Under the provisions of the by-laws any opposing nominations must be signel by 25 members of the Society and the nomination papers delivered to the secretary not later than November 14.

The annual meeting of the ticket-holders will be held in Lower Massachusetts, in accordance with the by-laws, on Wednesday, November 21, at 4.30 o'clock

COMPARATIVE STATEMENT OF SALES BY DEPARTMENTS.   1904-05.  1905-06. Men's Furnishing,  $52,245.27  $54,911.96 Books,  73,371.79  63,589.13 Stationery,  45,781.19  51,107.91 Tailoring,  27,612.13  38,596.17 Coal and Wood,  17,653.93  17,990.82 Furniture,  21,650.83  23,055.45   -----  -----   $238,315.14  $249,251.44 COMPARATIVE STATEMENTS. Expenses,  *$28,228.51  *$30,662.96 Amounts added to Capital or Surplus,  660.21  166.86 Amount of Dividends,  8,565.21  10,740.99 Rate of Dividends,  7 per ct.  8 per ct.

*Excluding Lyceum Hall expenses.

Nomination of Officers for 1906-07.

The stockholders of the Co-operative Society, at their annual meeting, have made the following nominations of officers and directors of the society for the year 1906-07.

Stockholder to serve five years, Professor B. Wyman '96; president, W. B. Munro '99; treasurer, W. M. McInnes '85; secretary, J. A. Field; directors: from the Faculty of Arts and Sciences. Professor C. L. Bouton '96; from the University at large, R. H. Oveson 2L; from the Graduate School, H. L. Blackwell '99; from the Medical School, Dr. W. B. Cannon '96; from the Law School, P. Dana 3L.; from the Senior class, J. Reynolds, Jr.; from the Junior class, H. S. Blair; from the Sophomore class, S. Kelley.

Under the provisions of the by-laws any opposing nominations must be signel by 25 members of the Society and the nomination papers delivered to the secretary not later than November 14.

The annual meeting of the ticket-holders will be held in Lower Massachusetts, in accordance with the by-laws, on Wednesday, November 21, at 4.30 o'clock

*Excluding Lyceum Hall expenses.

Nomination of Officers for 1906-07.

The stockholders of the Co-operative Society, at their annual meeting, have made the following nominations of officers and directors of the society for the year 1906-07.

Stockholder to serve five years, Professor B. Wyman '96; president, W. B. Munro '99; treasurer, W. M. McInnes '85; secretary, J. A. Field; directors: from the Faculty of Arts and Sciences. Professor C. L. Bouton '96; from the University at large, R. H. Oveson 2L; from the Graduate School, H. L. Blackwell '99; from the Medical School, Dr. W. B. Cannon '96; from the Law School, P. Dana 3L.; from the Senior class, J. Reynolds, Jr.; from the Junior class, H. S. Blair; from the Sophomore class, S. Kelley.

Under the provisions of the by-laws any opposing nominations must be signel by 25 members of the Society and the nomination papers delivered to the secretary not later than November 14.

The annual meeting of the ticket-holders will be held in Lower Massachusetts, in accordance with the by-laws, on Wednesday, November 21, at 4.30 o'clock