12 ITAI,Y - CO-OPERATION AND ASSOCIATION 



liras. Profits and losses were distributed as follows among the various 

 groups of societies: 



Co-operative agricultural societies : 



Profits I^iras 1,919,178.22 



Losses " 208,640.14 



Net profits . . . Iviras 1.680.538.08 



Co-operative production and labour societies : 



Profits Iviras 4,625,237.83 



Ivosses " 484,105.42 



Net profits . . . Liras 4,141,132.41 



Co-operative consumers' societies : 



Profits Iviras 3,471,956.51 



Losses. . - '' 368,854.30 



Net profits . . . Liras 3,103,102.21 



Co-operative huilding societies '. 



Profits Liras 1,220,349.62 



Losses " 146,385.52 



Net profits . . . Liras 1,073,964.10 



These figures are the best assurance of the soundness of Italian co- 

 operative enterprise. 



