POPULAR CO-OPERATIVE CREDIT 25 



In the other regions the development of federations is for the moment 

 unimportant. 



Government foundation subsidies to the new federations amounted 

 in 1915 to 80,000 roubles for the federation of Jekaterinburg, 40,000 rou- 

 bles for that of Uofim, 30,000 roubles for that of Kheadrin and from 5.000 

 to 20,000 roubles for each of the other federations. 



The increase in the sum in the balance-sheet of the ten federations 

 which existed before the war, between i January 1913 and T Januar^^ 

 1916, shows their development. 



Balance-sheet on i Janaury 

 Federations Year of foundation (in terms of thousands of roubles) 



1913 1914 1915 1916 



Kiev 1907 1,195-2 2,126.0 3,117.7 3,048.8 



Coubanj 1911 286.3 784-2 1,119.4 2,274.5 



Tersk 1911 - 378.2 781,7 ■i,.532.9 



Jekaterinburg . . . 1907 223.3 384-8 570,4 1,561.8 



Jekaterinoslav . . . 1911 79.4 230.6 516,7 745-9 



Melitopol 1903 245,5 255.2 422.3 840.3 



Nijnij -Novgorod . . 1911 — 190.0 570,2 1,124.1 



Berdjansk .... 1901 143-5 ^55-9 284,8 281.7 



Zlatooust 1911 31.8 83.7 133,2 349-7 



Stavropol 1907 68.9 80.3 130,7 348-4 



Total . . . ::^,273.9 4,667.9 7, 747-1 12,108.1 



The sum on the balance-sheets of these same federations was 

 21,510,800 roubles on i April 1916 and that on those of fifty-two feder- 

 ations was 42,725,400 roubles on i July 1916. 



Deposits occupy the first place on the balance-sheet, accounting for 

 4,521,300 roubles, namely 59 per cent, of the balance-sheet of i January 

 1915, and for 7,407,000 roubles, namely 61 per cent, of the balance-sheet 

 of I January 1916, in the case of the ten federations named. The purchase 

 of merchandise by the federations and the sale of articles produced by 

 members of the co-operative societies are sufficiently remarkable, as is 

 seen from the following figures which refer to thousands of roubles : 



1916 



Debts of federations to suppliers of raerchandisef . 



Sales eft"ected 



Amount of merchandise bought 



The mutual relations of the federations begin to develop. Thus se- 

 ven southern federations have united to form a common selling and buying 

 office and to bring out a paper, "Southern Co-operation". The feder- 

 ation of PjatigOYsk has entered into relations with that of Zaritzin and 

 tho.se of the Caucasus in order to procure wood of good quality. A tendency 



