The Madison journal., 1913-07-05
EXPEDITE SALE OF PRODUCE
speciaI LEGISLATION for Organization
and Regulation Of Farmers En-
terprises In Canada.

BY an amendment 10 The agrlcui'
tural societies act, passed a; the last
session Of the British Columbia lesis-
lature, the government Will loan 10
any approved cooperative company
with twenty-five or more memoers'
eighty per cent. of its capital. lwen-
~ per cent. of the subscribed capltai
must be paid up. Provision must oe
made. through a sinking fund, lot 'no
repayment of the loan in twenty !eH's'
The rate of interest is fixed at ioof
per cent.
The cooperative company may oe
| organized for any Of the following pur-
/ poses:
(a) The manufacture of cheese. pu'-
! ter. cider. jams. pickles and spray NIX
lures, and the drying and canning Oh
fruits and vegetables.
co. The keeping OF swine ana 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 Dy
patrons of such associations.
(d) The dealing in -four. feed. Ter
tilizers. spray materials, and their ac-
cessories, and in foods of all klnds ior
farm stock. for the purpose OF supply
ing the same TO the patrons or this as
sociation.
(e) The erection and maintenance
of a cold storage plant and the sale OF
ice.
% For any purpose which may be
approved by the minister OF agricui-
ture, having for its purpose the deVeF
opment of agriculture. BY complying
with provisions of the act, dairy COM
panies may come under the operation
of it,
Conditions which most be fulhlled
: bv the cooperative company are as
7 follows:
(a) That the district within which
t il proposes TO operate is fitted for us
2 support, and that there is reason
4 able prospect of the same being
financial success.
: (b) That the association has ac-
$ quired the necessary plant and build
$ ings for the carrying on of its opera
q tions, or a site upon which to erect
g such necessary plant and buildings.
tc) That the acquisition of such
f plant and buildings, or that the plans
r of the buildings and the nature and
II cost of the proposed plant and equip
d ment, have been approved by the
n, minister.
Transmitted to the minister shall
be a statement verified by the presi
- dent, secretary or manager, showing
{ (d) The number of members OF th'
company or association.
e (e) The amount of stock paid up
which must be at least twenty pc
cent. of the subscribed capital.
(f) All mortgages or charges.
in any, standing against the property O
ds the association.
of (g) Such other information in II
ct possession or power as may be calle
a for by any regulations framed unde
ur this act, or which the minister ma
he require.
re Utilization of the general provision
at of this act will be very general In Bri
as ieh Columbia this year. In the0ka.
it's gan valley several local co-operati,
he fruit companies, units Of the centr
- organization formed through the /
me strumentality of Mr.. II. Robertso
ng government expert, have been orga
ized. In many instances, shares ha,
he been fixed at $50 making $40 on eaC
ia. as the amount to be furnished by Il
yri- members of the association
he 1t is not expected that the repa
Ids ment of the loans will be a difflcu
ual matter for the cooperative companie
lso The first payment on sinking ful
,on does not have to be made until Il
the third year after organization, whi,
gives the company a fine opportuni
lat to get under way.