The Bridgeport evening farmer., 1914-07-29

tight. comp partInents, which are carried -.z=-. ..s.-@.s. year in reducing the price by s2.4 per ton Lower quotations were also l obtained by bulking the orders for agricultural seedsl Manufacturers and wholesale dealers are making spe- Scia1 efforts to get the trade of the fed erations of cooperative societies, and 1t has been found that these groups lof societies generally arrange to pay cash when they thereby gain a concession in price.
 It is the policy of the orgahization society to promotes wherever possible, more cooperation among the cooper ative societies, in order that they may purchase supplies in great quantities at the lowest prices. The secretary Of the organization society says
 As societies are drought to realize the advantage of acting in co1nbina- ton and purchasing on cash basis, it will create a. demand for that form of cooperation we are so anxious to see promoted throughout Scotland. name ly. the establishment Of credit banks, through which the smaller class of farmers and small holders can obtain money at 8 moderate rate of interest to enable them to pay cash for their purchases I feel sure manufacturers and wholesale dealers in agricultural requirements will cordially welcome
 
 The problem of instituting agricuI- tural credit banks has proved extreme ly difficult and has not yet been solved by the organisation society. No way has been devised to find the capital for such banks. All occupiers of small holdings are tenant farmers, therefore the land cannot form the basis of credit. Chatte1 mortgages are unknown in Scotland: therefore, farm stock, ma chinery. and growing crops cannot be made the basis of credit. except in so far as they serve in individual eases to the tenant. The only method of obtain ing loans from existing Scotch banks is to present acceptable two-name paper, the money being paid to the borrower on his check, that it. over draft, this credit running indefinitely at per cent per annufn, the interest ceasing at once on any amount paid into the bank at any time by the bor- rover.
 The Scotch banks consider this sys- tenn to be fair and even liberal, and in some respects it is so. But it seems to fall short of the requirements of the poor class of tenant farmers, who must have time loans at a. very low rabe of interest. The organization society, believing, with Sir Horace P1unkett, the originator of agricultural cooper ation in Ireland, that credit banks are essential to the full development of az ricultural cooperation in the BT1IlSn isles Is endeavoring to work out a scheme of district cooperative credit banks based partly on government aid in the form of grants or loans.
 Int Scottish farm produce and poul- try federation, limited, has been esta;b- fisher by the organization society to act as the marketing agency for the disposal of eggs poultry and other farm produce on behalf of organized collecting societies and agrfcul- tural societies, formed under the aus pices of and affiliated with the organi- zation society," also to purchase all farm requirements. The profits Of the federation accrue entirely to the pro- ducing or purchasing societies.
 The majority of the societies have now joined this federation In selling produce, the aim of the federation is to secure the orders of the retail trade in the large centers of population and to so conduct the business that buy CTS can rely on regular supplies all the year round, and furnish in quantities to suit the convenience of buyers. The intention is. if possible, to4bring all the agricultural cooperative societies into this federation so that the best results can be obtained in the sale of farm produce and in the purchase of naachin cry and supplies. T he address of the is Bernard street, Lefth. Scot