Collecting more taxes than is absolutely necessary is legalized robbery

Taxes grow without rain. Jewish Proverb

Mark Twain
The only difference between a tax man and a taxidermist is that the taxidermist leaves the skin.


The frogs and the tower

There once was a bunch of tiny frogs

BE POSITIVE… who arranged a running competition. The goal was to reach the top of a very high tower. A big crowd had gathered around the tower to see the race and cheer on the contestants…

The race began…

Honestly, no-one in crowd really believed that the tiny frogs would reach the top of the tower. You heard statements such as:

“Oh, WAY too difficult!!”

“They will NEVER make it to the top”.

“Not a chance that they will succeed. The tower is too high!”

The tiny frogs began collapsing. One by one…

… Except for those who in a fresh tempo were climbing higher and higher…

The crowd continued to yell

“It is too difficult!!! No one will make it!”

More tiny frogs got tired and gave up…

…But ONE continued higher and higher and higher…

This one wouldn’t give up!

At the end, everyone else had given up climbing the tower. Except for the one tiny frog who, after a big effort, was the only one who reached the top!

THEN all of the other tiny frogs naturally wanted to know how this one frog managed to do it?

A contestant asked the tiny frog how the one who succeeded had found the strength to reach the goal?

It turned out…

That the winner was deaf.



A woman who had worked all her life to bring about good was granted one wish: “Before I die let me visit both hell and heaven.” Her wish was granted.

ChopsticksShe was whisked off to a great banqueting hall. The tables were piled high with delicious food and drink. Around the tables sat miserable, starving people as wretched as could be. “Why are they like this?” she asked the angel who accompanied her. “Look at their arms,” the angel replied. She looked and saw that attached to the people’s arms were long chopsticks secured above the elbow. Unable to bend their elbows, the people aimed the chopsticks at the food, missed every time and sat hungry, frustrated and miserable. “Indeed this is hell! Take me away from here!”

She was then whisked off to heaven. Again she found herself in a great banqueting hall with tables piled high. Around the tables sat people laughing, contented, joyful. “No chopsticks I suppose,” she said. “Oh yes there are. Look – just as in hell they are long and attached above the elbow but look… here people have learnt to feed one another”.


The seeker of truth

After years of searching, the seeker was told to go to a cave, in which he would find a well. ‘Ask the well what is truth’, he was advised, ‘and the well will reveal it to you’. Having found the well, the seeker asked that most fundamental question. And from the depths came the answer, ‘Go to the village crossroad: there you shall find what you are seeking’.

SEEKERFull of hope and anticipation the man ran to the crossroad to find only three rather uninteresting shops. One shop was selling pieces of metal, another sold wood, and thin wires were for sale in the third. Nothing and no one there seemed to have much to do with the revelation of truth.

Disappointed, the seeker returned to the well to demand an explanation, but he was told only, ‘You will understand in the future.’ When the man protested, all he got in return were the echoes of his own shouts. Indignant for having been made a fool of – or so he thought at the time – the seeker continued his wanderings in search of truth. As years went by, the memory of his experience at the well gradually faded until one night, while he was walking in the moonlight, the sound of sitar music caught his attention. It was wonderful music and it was played with great mastery and inspiration.

Profoundly moved, the truth seeker felt drawn towards the player. He looked at the fingers dancing over the strings. He became aware of the sitar itself. And then suddenly he exploded in a cry of joyous recognition: the sitar was made out of wires and pieces of metal and wood just like those he had once seen in the three stores and had thought it to be without any particular significance.

At last he understood the message of the well: we have already been given everything we need: our task is to assemble and use it in the appropriate way. Nothing is meaningful so long as we perceive only separate fragments. But as soon as the fragments come together into a synthesis, a new entity emerges, whose nature we could not have foreseen by considering the fragments alone.




o   They make decisions regarding the day- to-day management for operations of the society.

o   They arc directly responsible to the share- holders for giving accurate and dependable accounting information in investment decisions without a doubt of its reliability or validity,

o   Management committees are responsible to the general public, government etc on behalf of the shareholders.

o    In other words, they are the responsibilities of the society to the outside world.



·         The supervisory committees are the watchdog of the members on the work performance of the management committee.

·                  The committee is answerable to the members.

·                  Their main duty is to ensure that the society is run according to the directions given at the AGM/SGM and in accordance with the co-operative laws and regulations in force. The supervisory committee is not an alternative management body but complimentary to the functions of the management committee.

·                  It serves the same purpose as an internal Audit department in an organization.


The supervisory committees meet at least once every quarter to review the activities of the preceding quarter and then report its findings to the management committee. The report covers administrative and financial performance.

   The quarters are:

Jan   –    March        –      1st   Quarter.

April –   June           –      2nd Quarter.

July   – September  –     3rd  Quarter

Oct   –    Dec                –  4th  Quarter


Their duties include checking if the acquisition of assets, recruitment of the staff, record keeping and the general management of the society is done in a manner that would best serve the interest of the members and no loss accrues that could be avoided.


o   Periodically evaluate the programme of the society as to their cost effectiveness, Impact on the members’  income, compliance with the AGM/SGM directions and Cooperative Societies Act,  Rules and the By-Laws of  the society.

o   Check the effectiveness of the management committee, e.g. recording and filling of the minutes of AGM/SGM and committee’s.

o    Compliance with the cooperative principles.

o    Regularity of committee and general meetings.

o   Check whether cash is regularly verified and bank reconciliations done.

o   Regularly check the performance ratios of the society, e.g. cash ratios, solvency ratios.

o   Check whether members’ personal Accounts (shares) arc regularly and accurately updated.

o   Verify whether investments are properly accounted for e.g. Share Certificates are securely kept.

o   Ensure that adequate accounting policies are in place and are working.

o   Check on the presence and the effectiveness of the internal controls in the society.

o   Take note and inform the Management Committee of complaints from the

        members which might be channeled through the committee.

o   Ensure and verify that theeconomic report is prepared and discussed.

o   Check whether the Management Committee is taking any remedial action on any shortcomings revealed.

o   Liaise with the external auditor in areas that the committee would need assistance in carrying out their duties.

o   Ensure that the Management Committee adequately acts on any observations and notes raised by the external auditor.


The supervisory committee and the management committee play a complimentary role in the management of the society and  to ensure that harmony is maintained in between the two committees, the following is to be adhered to: –

o   Work schedules are prepared and presented to the management committee early.

o    Request documents required and working space in time and in writing.

o   Carry out the work expeditiously bearing in mind that the documents are still

o   in use.

o   Prepare written reports detailing the shortfalls noted, the progress made since the last report, and the steps that can be taken to rectify the shortfalls.

o    Always avoid confrontations

o   Never report on unverified information.

o   Report to the management Committee first.

o   Report only those areas not implemented in an AGM/SGM.

o   Do not interfere with the day to day running of the society as this is the

responsibility of the management committee of the society.


On a blank piece of paper draw a cow…..

The cow serves a useful test of the personality traits of the drawer.

A COWIf the cow is drawn;

  • Towards the top of the paper, you are positive and optimistic
  • Towards the middle you are a realist
  • Towards the bottom, you are a pessimist and have a tendency to behave negatively
  • Facing left, you believe in tradition, are friendly and remember dates (birthdays, etc.)
  • Facing right, you are innovative and active but don’t have a strong sense of family nor do you remember dates
  • Facing front (looking at you) you are direct, enjoy playing devil’s advocate and neither fear nor avoid discussions
  • Facing rear, hmmmmmmm, when did you last visit your psychologist..
  • With many details, you are analytical, cautious and distrustful
  • With few details, you are emotional and naïve, you care little details and are a risk taker
  • With less than four legs, showing you are insecure, stubborn and stick to you ideals
  • The size of the ears indicate how good listener you are, the bigger the better!!!
  • The length of the tail indicates the quality of your sex life (and again more is better)
  • OK- who didn’t draw a tail?
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