CO-OPERATIVE DEALS.
GREAT PfTJ-RCTHASES TO INCREASE PROOiUCTTvTTY.
Although the war has postponed to some extent the great scheme for the development of the . co-operative movement m conjunction with tbe trade unions, important productive plans are being carried out. _ It was announced that the- Co-opera-tive Wholesale -Society has recently spent £168,000. It has purchased a landed estate near Goole for £118,000, and the Shilbottle Colliery, Northumberland, at a price which is stated to be £50,000. A tannery and leather-dressing works are being set up near Northampton. Another project is pig-breeding for bacon supplies and the purchase of cattle for dairy farming. An "official of the Wholesale Society estimates that the capital needed for this will amount to several million pounds.
The English ahd Scottish wholesale societies bought 10,000 acres of wheat land m Saskatchewan, Canada, at the end of last year, and have also made ioint land purchases m India and Ceylon. ' while the Liverpool Wholesale Society was a larsre purchaser at the sale of enemy properties jn Nigeria last November.
The movement represents nearly 4.00ft.<" , 00 people, and has a share capital of PAO 000.000 and an annual turnover of £170,000,000.
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Bibliographic details
Poverty Bay Herald, Volume XLIV, Issue 14448, 7 November 1917, Page 10
Word Count
191CO-OPERATIVE DEALS. Poverty Bay Herald, Volume XLIV, Issue 14448, 7 November 1917, Page 10
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