Word: refundable
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Dates: during 1960-1969
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...Coop has pledged not to cut patronage refund rates during the next school year--maybe...
...What we want to do now is try to hold the status quo on the patron age refund and not put much money into expansion," Morrill explained. Even so, he admitted, there may have to be serious consideration this March of a one per cent cut in the present refund rate of eight per cent on charge purchases and ten per cent on cash...
...textbook discussion was the only lengthy one of the meeting, attended by 25 Coop members, 13 of whom were officers and directors. A student who asked whether the Coop's expansion would some day threaten his patronage refund was quickly assured that the interests of Coop members would receive full attention...
Morrill said yesterday that there will probably be no change in the current refund rate of 8 per cent on charge purchases and 10 per cent on cash purchases until next July, when the Coop's Palmer Street annex will be completed. A cut of less than one per cent "will be a very slight possibility at that time," he added...
However, Morrill indicated that Auditors for the Society are currently studying this problem. There may be a possibility that if membership sales are not strong enough to sustain the current refund rates, some revenue from non-member sales could be transferred for this purpose...