Co-Operative Production Volume 2

Co-Operative Production Volume 2

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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. 1894 edition. Excerpt: ...on the two co-operative farms at Assington, I purchased a small farm which was on sale in the parish of Brampton Bryan. I then prepared rules, met the men from time to time to talk over the project; and on February I, 1873, a meeting was held, a committee selected, and the society was started. ' The farm contained 148 acres of arable and pasture land of fair quality, with good farm buildings, two cottages, and an apple orchard. It was particularly suited for barley and rearing young stock. The rent was valued for me at 1i0; but as it had been let for many years at. 140, the rent not having been put up during the great rise in prices at that time, I let it at the lower rent, which was afterwards reduced to, 130. I gave the society the option of taking it from year to year, on a lease, or of buying it in instalments spread over twenty years; the option being left open to them through their tenancy. The society entered on the tenancy on March 25, 1873.' The society was registered as the Brampton Bryan Cooperative Farming Society, on January 18, 1873. The shares were 5 each, transferable, and no one could become a member without the consent, in writing, of Mr. Walter Morrison. A member had one vote for each fully paid share held by him. The profits were to be appropriated, to pay 5 % per ann. on share capital; to pay a bonus on wages, not exceeding one-sixth of the wages or one-tenth of the total profits; and to pay such additional dividend on shares as the shareholders might determine, after providing for educational and reserve funds. The committee consisted of 5 members, and no shareholder with less than 3 fully paid shares was eligible for election. 21 labourers subscribed about 500 of capital, and about 300 more...show more

Product details

  • Paperback | 150 pages
  • 189 x 246 x 8mm | 281g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236664663
  • 9781236664662