FORESTRY OF JAPAN. 12/ 



to form a co-orperative society with the objects above- 

 mentioned, subject to the sanction of the prefectural governor. 



As to the investments of the members, they range from i 

 to 10 shares, one share not being allowed to exceed 50 yen. 

 The business of the co-operative societies is managed by 

 managers and supervisors who are elected at a general meeting 

 from among the members. The term of office of the former 

 is 3 years, that of the latter being one year. A general 

 meeting is to be held without fail once in every business year, 

 and reports concerning the proceedings of the co-operative 

 societies, and the discussion of budget are conducted in a way 

 common to all deliberative meetings. The number of votes 

 depends upon that of the shares he holds. 



The following are the varieties of the co-operative societies 

 concerning the forest industry : 



1. That dealing with the sale of charcoals. 



2. That dealing with the sale of charcoals and the 

 purchase of the materials thereof. 



3. That dealing with the sale and the purchase of forest 

 products. 



4. That dealing with the sale of pine bracks. 



5. That dealing with the sale of mushrooms. 



1 hough the number of the co-operative societies now in 

 existence is as few as has been previously referred to, yet there 

 is no doubt that it will soon increase, there being many whose 

 organization is now set on foot. 



