Financial Statement of the Harvard Co-operative Society.

The twentieth annual meeting of the members of the Co-operative Society was held yesterday afternoon. The principal business consisted of a revision of the constitution, the election of officers, and a consideration of the annual report of the society's financial condition. No radical changes were made in the constitution, as the object desired was merely its adaptation to the Society's enlarged needs.

In the election of officers, Assistant Professor L. J. Johnson and W. E. Weaver 3L. were re-elected president and secretary respectively. Other directors were elected as follows: From the Faculty--Professor F. W. Taussig; Graduate School--C. H. Ayres 3G.; Law School--J. B. Hayward; Medical School--Professor F. B. Mallory; University-at-large--H. R. Meyer, instructor; 1901--J. R. Locke; 1902--B. Wendell Jr.; 1903--F. R. Dickinson.

The first statement below is an account of the business of the Co-operative Society for the fiscal year July 1, 1899 to June 30, 1900. The receipts are detailed for the eight departments. From the total business this fall should he deducted about $5,000 of Cuban business, leaving a gain of $15,000 for the business this fall. 1899-1900 Receipts.    Expenditures. Men's Furnishing Dep't,  $32,407.54  Paid for Merchandise,    $178,631.93 Book Dep't,  64,088.97  Salaries,    10,895.50 Stationery Dep't,  32,151.76  Rent,    2,660.00 Tailoring Dep't,  9,729.53  Taxes,    171.00 Furniture Dep't,  9,344.83  Advertising,    400.00 Coal and Wood Dep't,  12,788.59  Express and Carting,    1,054.87 Shoe Mending Dep't,  2,477.85  Other Expenses,    4,692.67 Medical School Branch,  43,468.49   $206,457.56  Dividend,  $6948.38 Membership Fees,  2,471.00  Capital added,  3474.21         10,422.59   $208,928.56      $208,928.56

Following is a statement of the condition of the Society at the close of the fiscal year June 30, 1899, compared with its condition at the close of the last fiscal year June 30, 1900: 1898 99. Assets.    Liabilities. Merchandise,  $29,140.75  Capital,  $26,961.22 Fixtures,  815.57  Profit and Loss,  10,068.23 Cash,  5100.04  Accounts Payable,  3,098.55 Accounts Receivable,  5,071.64   --    --   $40,128.00    $40,128.00 1899-00 Assets.    Liabilities. Merchandise,  $35,973.74  Capital,  $28,471.52 Fixtures,  2068.33  Profit and Loss,  11,297.59 Cash,  3,983.29  Accounts Payable,  7,154.89 Accounts Receivable,  4898.64   --    --   $46,924.00    $46,924.00 Stock Depreciated 1899 00,  $1146.71  1898-99,  $1826.45 Taxes 1900-01,  500.24  1899-00,  171.00 Rent 1900-01,  2660.00  1899 00,  2660.00 Membership, July 1-Nov.17, '00-'01,  2531  1899-00,  2321 Total Membership, 1899-00,  2471  1898-99,  2304 Sales for above period, '00-'01  $104,945.41  1899-00,  $85,355.40

Following is a statement of the condition of the Society at the close of the fiscal year June 30, 1899, compared with its condition at the close of the last fiscal year June 30, 1900: 1898 99. Assets.    Liabilities. Merchandise,  $29,140.75  Capital,  $26,961.22 Fixtures,  815.57  Profit and Loss,  10,068.23 Cash,  5100.04  Accounts Payable,  3,098.55 Accounts Receivable,  5,071.64   --    --   $40,128.00    $40,128.00 1899-00 Assets.    Liabilities. Merchandise,  $35,973.74  Capital,  $28,471.52 Fixtures,  2068.33  Profit and Loss,  11,297.59 Cash,  3,983.29  Accounts Payable,  7,154.89 Accounts Receivable,  4898.64   --    --   $46,924.00    $46,924.00 Stock Depreciated 1899 00,  $1146.71  1898-99,  $1826.45 Taxes 1900-01,  500.24  1899-00,  171.00 Rent 1900-01,  2660.00  1899 00,  2660.00 Membership, July 1-Nov.17, '00-'01,  2531  1899-00,  2321 Total Membership, 1899-00,  2471  1898-99,  2304 Sales for above period, '00-'01  $104,945.41  1899-00,  $85,355.40