Page:Indian Journal of Economics Volume 2.djvu/520

 must not forget that there is a border lud between Oo-oporaon and Trite Unionism and they have some beneficial features and functions in common. Incidentally the recommendations of the Industrial Oommiion it ollowod out will open fesh field for 'the introduction of Production. provision of entrepreneurs Where the the principle Commission current finance for of Oo-operve has advocated middle class it might have added that such provision of capital should be granted the cases where production is'carried persons collectively and on co-operative lines. is an additional advantage to government in dizing would more readily on by groups ill subsi- loans such co-operative production since the be bsck up in these cases by the collective liability of the members of the group working jointly. Xn many cases of the End, for instance, in the matter of small factories started by groups of weavers, advantage resources of such financial help is there is the additional the sirill and any case when of the pooling of the joint workers. In given by tl state, .our co-operative Industrial Societies should lmve a specml claim on it alike in the interests of tl lending (]vernment and of the borrowing bodies. If (overnment is going to take s hand in the work o! financial irrigation, the ready made streams nd channels which have already been formed by Oo-operatiou should be advisedly utilized in the work of such irrigation. We shall now indicate some of the opportunities for introducing the principle of abor Oo-parnership in India. The Industrial Commission has made some valuable suggestions as to powers to be retained by (overnment in those cases where industrial undertakings receive state aid. state in various Such aid can be rendered by different, ways, e.g., by way guarantee o! dividend or by subscription to the