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The accompanying check is in payment of dividend due on Matured and--or Paid Up Shares standing in your name on the books of the Middleborough Co-operative Bank.  The present divident is at the rate of 5 1/2% on Matured Shares and 5% on Paid Up Shares, or $2.75 and $2.50 per share respectively, quarterly.

As profits are credited to shares on the third Tuesdays of February, May, August and November, shares maturing one or two months before these dates will receive for the first dividend one-third or two-thirds of the regular quarterly dividend, as the case may be.  Please cash or deposit this check promptly through any bank.  No other receipt or acknowledgment is necessary.

WALTER L. BEALS, Treasurer.