BRITISH INDIA - CO-OPERATION AND ASSOCIATION 



was Rs. 21,885 ^s againt Rs. 23,026 in the previous year. The reserve 

 fund amounted to Rs. 14,320 as against Rs. 7,373 in 1913-1914. 



Agricultural Societies. — In 1914-1915 only three societies were re- 

 gistered, two in the Ajmer district and one in Berar. The share capital 

 of the agricultural societies rose from Rs. 1,23,039 to Rs. 1,68,809, and 

 government loans decreased from Rs. 31,667 to Rs. 21,067. 



The societies generally utilized their reserve funds themselves. 

 Auditing and inspecting were done by the Registrar and his staff. 



§ 6. COORG. 



No new credit societj' was registered in 1914-1915. The amount of 

 working capital rose from Rs. 1,06,020 to Rs. 1,15,400 and the reserve fund 

 from Rs. 18,106 to Rs 23,514. The number of cattle insurance societies 

 increased from nine to ten; 434 heads of cattle were insured ; and the reserve 

 fund of the insurance societies rose from Rs. 188 to Rs. 590. 



Nine co-operative credit societies resolved in 1914-1915 that the divi- 

 dend due to shareholders should thenceforth be employed on insuring 

 their cattle. The grain bank worked satisfactoril}^ and its profit for the 

 year was Rs. 594-12-5. The repa^-ment of loans was not encouraging, the 

 loans outstanding at the 3'ear's end being" 12 per cent of their total amount 

 as against 6 y^ per cent, in the previous year. The societies charged in- 

 terest at the rate of 12 i^ per cent on their loans and paid from 5 to 6 ^ 

 per cent, on the money they borrowed. 



The committee and controllers managed the societies satisfactorily 

 All accounts were audited by the registrar personally. 



