The co-operative movement in Russia; its history, significance and character . and anxieties had i)rovedgroundless. Russian co-operation came out of the testwith honour. By the time the first meeting of share-holders was to be held the whole capital was subscribed,and more than half of the ca])ital paid into the StateBank accordmg to the law. By the 1st October, thewhole capital of the V)ank was paid u]), and by Novembermoney was coming in as su])scrii)tion in advance forfurther issues. Out of the 4,000 shares, 85 per cent were taken upby co-operative societies, and only 15 per cent by private
The co-operative movement in Russia; its history, significance and character . and anxieties had i)rovedgroundless. Russian co-operation came out of the testwith honour. By the time the first meeting of share-holders was to be held the whole capital was subscribed,and more than half of the ca])ital paid into the StateBank accordmg to the law. By the 1st October, thewhole capital of the V)ank was paid u]), and by Novembermoney was coming in as su])scrii)tion in advance forfurther issues. Out of the 4,000 shares, 85 per cent were taken upby co-operative societies, and only 15 per cent by privatepeople, the majority of whom, however, were in oneway or another connected with the Co-operative first Russian Co-operative Bank is thus entirelyin the hands of the co-operative societies, who may guideand direct its policy. The shares of the ))ank were taken up by tiie co operativesocieties in every part of liussia in various ]) largest block of shares is held by the South, 34-5 percent; next foll(,w the <<iiltai proNiiices, 275 per cent :.
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Keywords: ., bo, bookcentury1900, bookdecade1910, bookidcooperativemovem00bubn
