COOPEEATIVE GEAIIT MAKKETIXG. 
purpose to so distribute its earnings, it has consistently followed the 
regular established usages of the grain trade. 
In 1911 the Saskatchewan Cooperative Elevator Co., Ltd., was 
established, with headquarters at Regina, Saskatchewan, and in 1913 
the Alberta Farmers' Cooperative Elevator Co., Ltd., with head- 
quarters at Calgary, Alberta, was formed. Each of these companies 
was successful in building up quickly a large membership and in 
handling a large volume of business. Both the Saskatchewan Co- 
operative Elevator Co. and the Alberta Farmers' Cooperative Ele- 
vator Co. received financial assistance from the provincial govern- 
ments, which consisted in 
an advance by the Govern- 
ment of 85 per cent of the 
cost of buying or building 
an elevator, to be repaid in 
installments extending over 
a 20-year period. 
In addition to mortgages 
and preference accruing to 
the provincial governments 
in the elevators and assets 
of these companies as se- 
curity for the repayment 
of advances made, the 
special incorporation acts 
under which the companies 
were created, provided, 
among other things, for 
audits by a provincial au- 
ditor, and also provided 
that certain conditions 
relative to acreage and 
other factors necessary to success nuist be met before elevators could 
be built. While giving very wide powers to farmers' companies, the 
provincial governments also tried to guard them against ill-considered 
acts by reserving to the Government certain matters for approval. 
The Grain Growers' Grain Co., the Saskatchewan Cooperative 
Elevator Co., and the Alberta Farmers' Cooperative Elevator Co. 
were all incorporated under special legislative acts. 
In 1917 the Grain Growers' Grain Co. and the Alberta Farmers' 
Cooperative Elevator Co. amalgamated under the name of the United 
Grain Grov/ers, Ltd., so that at the present time the United Grain 
Growers, Ltd., and the Saskatchewan Cooperative Elevator Co., 
Ltd., are the two outstanding examples of farmers' grain-market- 
FlG. 
2. — Counti-y elevator of the Saskatchewan 
Cooperative Elevator Company, Ltd. 
