Bryan daily eagle and pilot. [volume] (Bryan, Tex.) 1909-1918, 1913-07-01
EXPEDITE SALE or PRODUCE
Special Legislation for Organization
and Regulation Of Farmers' En-
terpriscs In Canada.

BY an amendment to the agricul
tural societies act. passed at the last
session of the British Columbia legis
lature, the government will loan to
any approved cooperative company
with twenty-five or more members,
eighty per cent. of its capital. Twen-
ty per cent. of the subscribed capital
must be paid up. Provision must be
made, through sinking fund, for the
repayment of the loan in twenty years.
The rate of interest is fixed at four
per cent.
organized for any of the following pur-
poses.
(a) The manufacture of cheese, but
ter, cider, jams, pickles and spray mix
lures, and the drying and canning OF
fruits and vegetables.
OBJ The keeping of swine and the
manufacture and sale of the various
products.
(c) The dealing in poultry, eggs,
milk, cream and all other agricultural
! products. and in supplies required by
patrons of such associations.
(d) The dealing in -four, feed. fer
tilizers, spray materials, and their ac-
cessories. and in foods of all kinds for
farm stock, for the purpose of supply
ing the same to the patrons of this as
ISOLATION.
te) The erection and maintenance
of cold storage plant and the sale OF
ice.
(f) For any purpose which may be
approved by the minister of agricul-
ture, having for its purpose the devel-
opment of agriculture BY complying
with provisions of the act, dairy COM
panies may come under the operation
Of it.
Conditions which most be fulfilled
by the cooperative company are as
follows:
(a) That the district within which |
it proposes to operate is fitted for its |
support, and that there is a reason !
abb prospect of the same being a
financial success.
OBJ That the association has ac-
quirel the necessary plant and build
inss for the carrying on of its opera.
tons, or site upon which to erect
such necessary plant and buildings.
(c) That the acquisition of such
plant and buildings, or that the plans
of the buildings and the nature and
cost of the proposed plant and equip
ment, have been approved by the
Transmitted to the minister shall
be statement verified by the presi-
dent, secretary or manager, showing
Cd The number of members OF the
or association.
(e) The amount OF stock paid up,
which must be at leas; twenty per
cent of the subscribed capital.
d) All mortgages or charges. It
any, standing against the property OF
he association.
tg) Such other information in its
possession or power as may be called
or by any regulations framed under
his act or which the minister may
'equire.
Utilization of the general provisions
" this act will be very general in Brit
sh Columbia this year In the Okana.
ian valley several local cooperative .
ruit companies, units of the central
organization formed through the in
of Mr.. H. Robertson, :
government expert. have been organ.
zed. In many instances, shares have
'een fixed at $50 making $40 on each
s the amount to be furnished by the ,,
MEMBERS of the association.
1t is not expected that the repay
nent of the loans will be a difficult !,
natter for the cooperative companies.
The first payment on sinking fund
oes not have to be made until the
bird year after organization. which
ives the company fine opportunity
} get under way. t.