CANADA. 



I. THE SASKATCHEWAN CO-OPERATIVE ELEVATOR COMPANY. 



The following article has been supplied to us by Mr. T. K, Dohkrty, Canadian Corre- 

 spondent of the International Institute of Agriculture, uttder whose direction it was 

 prepared. 



§. I. Incorporation and powers 



The Saskatchewan Co-operative Elevator Company was incorporated 

 by the Saskatchewan Legislature in March, 1911. It was created in 

 response to the requests of the organised farmers of Saskatchewan, 

 who claimed they were not fairly treated by the corporate interests 

 which, in a measure, controlled the grain trade. Its purpose was to 

 establish a company of farmers as well directed and as strong finan- 

 cially as any existing corporation in the grain trade and thereby raise 

 the standard of business practice and insure a larger measure of fair 

 dealing. 



By the Act of incorporation the company is given power " to con- 

 struct, acquire, maintain and operate grain elevators within Saskat- 

 chewan, to buy and sell grain, and generally to do all things incidental 

 to the production, storing and marketing of grain. " 



The capital stock of the company is not a fixed amount as is 

 the case with ordinary companies : it may be changed from time to 

 time by the Government. This is because the Government loans the 

 company a large percentage of its subscribed capital and therefore has 

 retained the control of the amount of stock the company may issue. 

 The stock is divided into shares of fifty dollars each which can be 

 held only by farmers, and no person can hold more than twenty 

 shares. Only 15 % of the face value of the shares need be paid in 

 cash ; the remaining 85 % is subject to call. The liability of a share- 

 holder is limited to the amount of stock he holds. 



The company is to establish local elevators at different points, and 

 each of these elevators will have a local Board of Management. The 

 central management is in the hands of a Board of nine directors, elected 



