The co-operative movement in Russia; its history, significance and character . (.nAiN >Tii;k of a Credit Society ix Taurida. co-operative societies, to be ranked among the mostadvanced in Europe. The most important fact aboutthese societies is that the number of those with the co-operative spirit in them is rapidly growdng, whereas thenumber of those in the low stages of development iscomparatively diminishing. CO-OPEEATION IN RTTS8IA. 55 The operations of tlie credit associations fall two heads, acceptance of deposits and advances tomembers for the purcliase of agricultural i
The co-operative movement in Russia; its history, significance and character . (.nAiN >Tii;k of a Credit Society ix Taurida. co-operative societies, to be ranked among the mostadvanced in Europe. The most important fact aboutthese societies is that the number of those with the co-operative spirit in them is rapidly growdng, whereas thenumber of those in the low stages of development iscomparatively diminishing. CO-OPEEATION IN RTTS8IA. 55 The operations of tlie credit associations fall two heads, acceptance of deposits and advances tomembers for the purcliase of agricultural from this, almost every ussociation engages in so-called intermediary transactions. It purchases at theinstructions of its members agricultural implements,iiiachinei-y, seeds, mineral fertilisers, timber, &c. Theusual procedure in such a case i<^ for the member of theCo-operative Credit Society to place his order through thesociety and pay a certain amount as an lfe«h»-^ieiSLl:-_- XiKW THE OF .V HOUSK Ol A CRJKUIT SOCIETY IN Taurida. The association also leases and builds works, mills,makes advances on the security of the crops, and alsoengages in the sale of corn, flax, hemp, eggs, cotton, hay,leather, live stock, vegetables, tar, tui-pciitine, coal, A-c The management of the cicdit and of the Icjaii .i\\e an outsider; soniotitiies one of the members of theBoard undertakes this oflic-e. The Council is the organ ofcontrol. The society is also controlled by a GovernmentInspector of the Small Credit Department, and in the caseof the society being affiliated to some union of creditassociations, it is sometimes also controlled by the unioninstructor. The society usually covers the
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