INFOKMATIOX KEI ATING TO CO-OPERATION AND ASSOCIATION 



on 31 December 1916, is resumed by the following figures : Number of 

 federated funds 89 ; number of members 7,628 ; capital in shares 116,421 

 liras ; deposits 4,927,340 liras ; interest jiaid, interest not due and various 

 liabilities 33,333 liras ; loans 1,531,602 liras ; deposits in institutions of cre- 

 dit 2,239,453 liras ; State and various securities 1,112,571 liras ; cash 119,906 

 liras ; merchandise and various assets 141,449 liras : year's income in 1916 

 195,511 liras ; expenditure in that year 117,622 liras. 



The position of the federation of Florence in 1916 was as follows: 

 number of federated rural funds 29, r^umber of members 4181, bills in hand 

 798,716 liras, loans (i fund) 2,350 liras ; deposits in specie in various insti- 

 tutions 568,470 liras ; real estate (4 funds) 32,042 liras ; securities 85,527 

 liras ; furniture and costs of establishment 5,796 liras ; bills and credit pend- 

 ing (2 funds) 4,775 liras ; other assets (6 funds) 2,074 liras ; capital — mem- 

 bers' shares 6,399 liras, reserve fund 35,438 liras ; liability deposits 1,527,216 

 liras ; current liability accounts in various establishments (6 funds) 31,275 

 liras ; bills (liability — 3 funds) 8,500 liras ; other liabilities 5,752 liras ; 

 net profits (24 funds) 6,913 liras ; deficit (5 funds) 594 liras. 



Finall}' the position of the federation of Pistoia at the end of 1916 gives 

 the following figures : number of federated funds 40 ; number of members 

 4,407 ; turnover 16,092,860 liras ; total loans to members 5,614,595 liras ; 

 deposits on 31 December 1915 — 1,644,153 liras ; on 30 April 1916 — 

 1,899,185 liras ; on 31 December 1916 — 2,407,101 liras ; and on 30 April 

 1917 — 2,751,652 liras (i). 



This federation also represents and administers the federation of the 

 mutual societies for insuring live stock of Pistoia, which includes 25 mutual 

 societies and had in 1916 an average insured capital of more than one and a 

 half million liras. 



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10. FORMATION OF NEW SOCIETIES. — Giornale di AgricoUura della Domenica, 

 No. 14 Piacenza, S April lyi;. L'AgyioHiiui loscana , No. lo,. Florence, 31 Maj' 1917. 



Recently there was formed at Florence the Associazione cooperativa fra 

 i proprietari e utenti di hoschi (Co-operative Association among Owners and 

 Usufructories of Woods). It consists of owners of woods and those enjoying 

 rights of common in them and aims at the sale in common of the products of 

 forestry. It proposes to open stores where these products ma}'' be marketed, 

 to make to members or procure for them advances on the products offered 

 for sale, to instal nurseries for building up woods anew, and to found an office 



• ,^ .^p^j,^^ 



(1) On the 27th of last June there was legally constituted at Rome the Federazione Ufficiale 

 delle Casse rurali ed operate (Official Federation of Rural and Workmen's Funds) , a limited lia- 

 bility co-operative society with unlimited capital. It proposes to act as a central society which 

 will watch over, protect and help, financially and otherwise, its shareholder societies ; and also 

 to encourage the formation of new popular societies for credit and co-operation , and to develop, 

 by means of its shareholder societies, the e.\ercise of agricultural credit. 



