cover image: Annual Report on the Working of Co-Operative Societies in the Bombay Presidency (Including Sind) for the Twelve Months Ending March 31  1916

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Annual Report on the Working of Co-Operative Societies in the Bombay Presidency (Including Sind) for the Twelve Months Ending March 31 1916

1916

The organisation of Guaranteeing Unions as are now contemplated is calculated to increase the stability of the movement and to effect a concentrtion of effort which can hardly fail to he beneficial ; while the formation of new District Banks should tap fresh sources of capital and may it is hoped attract to the work men who have not the time or the inclination to concern themselves with sm [...] The discontinuance of long-term loans by the Central Bank has of course proved a serious embarrassment but the measure was due much more to the attitude taken up by the Government of India with regard to the Bank's debentures than to any uneasiness about the War. [...] 'The decision to brigade societies into guaranteeing unions Is of the utmost importance and if the policy proves successful in the course of the next two years will have a profound effect on the future development of the movement in this Presidency. [...] Their basic principles are a closely restricted area and as a consequence the mutual acquaintance of all members joint and unlimited liability gratuitous service on the committee the rejection of shares the allocation of all the net profits to reserve the limitation of loans to members only reliance on personal rather than real credit and the control and supervision of the use to which loan [...] The elimination of the sowkar makes it very important that the supply of funds in the societies should be steady and calculable and for this reason the stoppage of long term loans by the Bombay Central Bank has been the cause of great embarrassment and discontent.
government politics public policy
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Frontmatter
i-vi unknown view
Annual Report on the Working of Co-Operative Societies in the Bombay Presidency (Including Sind) for the Twelve Months Ending March 31 1916
i-39 unknown view
Government of Bombay. Revenue Department. Order No. 12748
1-3 unknown view