42 



KGYPT - CO-OPKKATION AN1> ASSOCIATION 



Association of Nahiah. 



This was founded in June, 1910. It is among the most important, in point 

 of number of members (307 at the end of 191 2, the same amount as in the 

 Kom-el-Nur association) ; but the business it does is rather small (71,736 

 frs. in the 3'^ear 1912, against 173,473 frs. in the case of the Kom-el-Nur 

 association). It, however, deserves special notice on account of some 

 details of its management by which it is distinguished from the other 

 associations. 



The Nahiah association, like the others, buys goods and sells them again 

 to members for cash or on credit. When it gives credit it also charges inter- 

 est, which slightly increases the prices. This increase is so arranged that 

 the members buying on credit from the association pay the same amount 

 as they would have to if they purchased directly on the market for cash. 

 This is, of course, no slight gain for the purchaser. 



Th-e loans are granted at 9 % (not at 7 °o as in the Shubrah associa- 

 tion) : this rate is still very low in comparison with the 30 % the fellah 

 was, hitherto, accustomed to pay. It is well also to note that the associa- 

 tion does not ask for a mortgage, nor actual security, but is satisfied wth 

 the signature of a guarantor. 



The profits, which in the year 1912, amounted to 4,740 frs., were di- 

 vided as follows : 50 % placed to the reserve fund ; 20 % distributed as cou- 

 pons exchangeable for purchase ; 20 % as dividends to members ; 10 % 

 to the Poor Fund, and the Fund for Co-operation Propaganda. 



We shall close these brief notes on the agricultural association now 

 existing in Egypt with a few figures reproduced from the interesting work 

 of j\r. Michel. 



Figures showing the work of the Agricultural Associations now Existing 

 in Egypt (in Egyptian Pounds) (i). 



Kame of the Association 



II 



?5* 



Share 



Capital 



January ist., 



IC13 



Working Year 1912 



Total 



Business 

 Done 



Net 

 Profit 



Shubrah-el-Namlah . . . 



Kom-el-Nur 



Nahiah 



Aulciia 



Santimay '. 



Nechil 



Mehelet Diay 



Naamul 



Total 



241 

 307 



307 

 202 

 106 

 117 

 142 

 124 



1.546 



527 

 1,857 

 784 

 286 

 202 

 920 

 322 

 186 



5.084 



4.397 

 6,771 

 2,800 

 1,535 

 5.981 

 2,875 

 ? 

 933 



25,352 



133 



677 



185 

 115 



lOI 



198 



59 



60 



1,528 



(i) An Egyptian Pourd = 25-62 frs. 



