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The Net Eeturn, Cart Trade, of 6 Tons of Flour, producing at the least 700 4 lb. Loaves to the Ton, sold at 7d. per Large Loaf. £ s. d. 4,20041b. loaves, at 7d. ... ... ... ... ... 122 10 0

The Net Cost, Shop Trade, of working 6 Tons of Flour. £ s. d. £ s. d. To 6 tons of flour, at £12 per ton ... ... ... 72 0 0 Less 2$ per cent, discount... . . ... 116 0 70 4 0 Less 60 sacks, at 4d. ... ... ... 100 69 4 0 Wages— Foreman, £2 15s. ... ... ... ... 215 0 Second hand, £2 10s. ... ... ... 210 0 Two bench-hands, at £2 ss. ... ... ... 410 0 Girl in shop ... ... ... ... 10 0 10 15 0 Sundries — Potatoes, 4 sacks, at 9s. per sack ... ... 116 0 Firing ... ... ... ... ... 110 0 Yeast ... ... ... ... ... 10 0 Salt ... ... ... ... ~ 0 10 0 Eent of bakehouse and shop ... ... ... 110 0 6 6 0 86 5 0 Balance, CO. ... ... ... ... ... 18 15 0 £105 0 0 This shows a profit of 22 per cent, on net cost. The Net Eeturn, Shop Trade, of 6 Tons of Flour, producing at tbe least 700 4 lb. Loaves to the Ton, sold at 6d. per 4 lb. Loaf. £ s. d. 6 tons, each ton producing 700 4 lb. loaves = 4,200 4 lb. loaves at 6d. 105 0 0

P. EULES OF THE CANTERBURY MASTEE BAKEES' INDUSTRIAL UNION OF EMPLOYEES. 1. The name of the union shall be " The Canterbury Master Bakers' Industrial Union of Employers" and it shall be registered under "The Conciliation and Arbitration Act, 1900." It shall consist- of master bakers in Canterbury, and any other employers connected with such trade. 2. It shall have for its objects the protection and furthering the interests of employers in the baking industry in Canterbury, and to regulate the price of bread; to endeavour to promote a healthy competition as well as a friendly, cordial, and kindly feeling amongst members. 3. The union shall consist of an unlimited number of members. 4. A copy of these rules shall be sent to each member free of charge, and in no case will a plea of ignorance be accepted as an excuse for non-compliance with them. 5. The entrance fee shall be 55., with an annual subscription of 10s. 6d., payable in advance. Any member failing to pay for the period of three months shall be deemed to be unfinancial, and shall not be entitled to vote at any meeting or avail himself of any of the benefits of the union. 6. Any member who is in arrears of dues for twelve months shall be struck off the rolls, but this is not to free such discharged person from arrears due. 7. A levy shall be struck to meet any contingency that may arise, such levy to be made at any general meeting. 8. The annual general meeting shall be held in the month of June in each year. A Committee of Management, consisting of nine members, shall be elected by ballot from the whole of t v members of the union, aud shall hold office for twelve mouths, but are eligible for re-election. The business of the union shall be conducted by the committee, who shall elect a secretary and a chairman. 9. All millers belonging to the union shall be members of the committee. 10. Any member wishing to appeal against the decision of the committee shall deposit 10s. with the secretary, which may be forfeited if the appeal is not sustained. 11. A Price and Appeal Committee, consisting of three millers and three bakers, shall be elected to hold office for twelve months, and shall be elected by ballot from the whole of the members of the union, their duties being to determine the price of bread from time to time, and settle any disputes that may arise. The chairman at all meetings to be a miller,

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