BRITISH INDIA - CO-OPERATION AND ASSOCIATION 



share capital plus the reserve fund formed 13 per cent. M the total liabili- 

 ties. The banks had taken up the supervision and control of the affiliated 

 societies, granting loans to societies at rates ranging from 9 ^/g to 10 ^^/^s 

 per cent. 



Agricultural Societies. — 1,582 out of 1,862 agricultural societies 

 were afifiUated to central banks at the end of 1914-1915. The share capi- 

 tal of the societies had decreased from Rs. 57,564 to Rs. 50,482, but their 

 number, membership and capital had all risen by 20 per cent. The ave- 

 rage membership of a society was 46.03 as in the previous 3^ear and the 

 average capital Rs. 2,843.76. The average capital per member was Rs. 

 61.77. Grain banks and stores were working less successfully than pre- 

 viously. The Decca Co-operative Dairy was working satisfactorily and had 

 realized a net profit on the supply of milk of Rs. 414-9-9 in the year. A 

 society had been stared in Mymensingh for suppling bonemeal and potato 

 seed through the agency of societies in that locality. Another supply 

 society had been organized at Khelar to deal in ghee, mustard oil, dhutis 

 and chadars. 



Audit and Inspection. — Auditing and inspecting are done by the 

 Registrar and his staff. The staff working under the control of central 

 banks and local organizers but paid by the government numbered twenty- 

 four at the end of 1914-1915. The central banks maintained a staff for 

 the supervision of societies affiliated to them. 



§ 2. Burma. 



The following table shows the general progress of Burmese co-opera- 

 tive societies in 1913-1914 and 1914-1915. 



Central Societies. — There were in Burma at the end of 1914-1915 one 

 provincial bank — the Upper Burma Central Bank — three district cen- 

 tral banks and 112 guaranteeing tmions. Afliliated societies had a major- 

 it}' of shares and a yet more pronounced majority of votes in the provin- 

 cial bank. This bank paid 6 ^/^ per cent, interest on deposits received 



