SOME PRACTICAL EXAMPLES 301 



months elapsed before the membership was 

 increased. The shares were 5s. each, Is. 3d. 

 being called up. Just prior to the harvest 

 of 1899 the society resolved to purchase a 

 " reaper and binder " at a cost of £3*2 (although 

 their paid-up capital was then only £15), and 

 the members obtained an advance from a local 

 bank on their giving a guarantee to hold them- 

 selves collectively and individually responsible 

 for repayment. A scale of charges for the use 

 of the machine was drawn up, and the receipts 

 have since then been sufficient to clear off the 

 loan, so that the machine now belongs to the 

 society, and the further income derived from it 

 over and above wear and tear represents so 

 much profit. 



The Framlingham and District Agricultural 

 Co-operative Society, brought into existence by 

 the Agricultural Organization Society in May, 

 1903, lias pioneered the movement in Suffolk, 

 and was able to show a good record for the first 

 six months of its operations. By the end of 

 1903 it had secured the adhesion of 114 mem- 

 bers, who were holders of 1,600 shares, and 

 it had done a considerable trade in linseed and 

 cotton cake, coal, and agricultural implements. 

 The members had also been supplied with 

 manures, seeds, corrugated iron, wire-netting. 



