Page:Indian Journal of Economics Volume 2.djvu/715

 - BOMBAY s with every movement which is full of hope. Professor (oyajee seemed to him to suggest 'the ides that by develop- ment of co-operation a growth of trade unionism in India could be dispensed with. The experience of Great Britain, on the contrary, indicated that the growth of the higher forms of co-operation other than co-operative credit, so vigorous i (reat Britain, could only take place in conjunc- tion with strong trade unionism; and the advantages of profit-sharing from this. necessary for and labor co-partnership Trade unionism, in his India. were illusory &pert opinion, was vitally THE HON'mE MR. LLLUH SAMALDA8 protested against the views of the last speaker. He considered it most undesirable to allow & spirit of opposition between labor and capital to grow up in India. He would hope that co-opera- tion could bring about better feeling between labor and e&pitsl, and between the vii!age sahukar and the cultivator. Le some co-operative State-aided way be found to bring the sahukar into the organization. He wa in favor of having & bank to apex bank for India, or cenal State assizt the finance of the co-operative movement. He described the results of trying to establish co-operative societies amongst mill hands in Bombay. His friends had met with some disappointment as it was a very difficult task to make the workers reslise their responsibilities to societies, anct Professor Coynice had given them too much eredi for what they had actually done. Still they would go on trying and forming more societies. PROFE880R TANNAN (O! Bombay) could not agree that part of the fiduciary portion of the Paper Currency Reserve should be used to finance co-operation; because co-operative credit could not be regarded as good enough in case a realisation of !oa-s made from this Eeserve became necessary. As regards co-operation in producing concerns, the fact was that the work people were not really in a position to take the risk. PROFESSOR K.Y. ENGASWA! AIYANGAR (O[ Trivandrum) said that the higher development of co-operation undoubtedly required the formation of a permanent service of paid'officers of co-operative societies, such as paid seeret&ries, inspectors, and so forth. He thought that, if po![tie! representation were granted to the movement, it would be & moderating influence in political &ssembles. Co-oper&tion tended to