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Home > Co-Operation in Ireland: (English)
Co-Operation in Ireland: (English)

Co-Operation in Ireland: (English)

          
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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1921 Excerpt: ...and eggs. It also established a grocery department for the sale of household requisites to the distributive societies. It thus aims at being a joint wholesale for the consumers' and the producers' movements. It has depots in Limerick, Belfast, and Foynes for the convenience of societies there, and will open other depots as time goes on. The agricultural societies are, in the main, supporting the Wholesale well, and with an increase in the number of consumers' stores, either in the country in connection with agricultural societies or in the towns, it will have a future of great usefulness before it. It is regrettable that the agricultural societies, for the most part, have a very small proportion of paid-up share capital. In every province in Ireland, except Leinster, the amount of share capital paid up is considerably less than 1 per member. In Connaught, indeed, it sinks to as little as 3s. 6d. per member, as compared with 26s. per member in Leinster. The result of this under-capitalisation is that the societies in almost every case, even in Leinster, have to obtain overdrafts from the joint-stock banks. Although the societies obtain loans on favourable terms from the joint-stock banks, the banks do not lend upon the security of the societies' own financial standing. The practice of the banks is to obtain a joint and several note from the members of a society's committee for the amount of the overdraft. Although this is an extremely convenient practice, it has results which are not satisfactory. The bank manager, as long as he is assured of the financial solvency of two or three committee members, does not trouble himself in the least about the financial position of the society as a whole, so that the controlling effect which the co-operative credit ...


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Product Details
  • ISBN-13: 9781154671902
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 28
  • Series Title: English
  • Weight: 68 gr
  • ISBN-10: 1154671909
  • Publisher Date: 13 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Spine Width: 2 mm
  • Width: 189 mm


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