Page:Indian Journal of Economics Volume 2.djvu/716

 696 ECO1VOMIC OONFEI:tEIOE bring harmony to ebnfiioti.ng interests. - He 'did not feel that the co-Operative movement was likely to be injured by the proposal of politiesA representation mle by Professor Coyjee. PROFBS80a COMMXSSAMAT (of Ahmodbsd) mid that it wsa very desirsble to keep o-opersfion oulaide viRage polifiea. He was a/raid sooiefiea would b.resk up if ihey goi eni&nglod in poliiesl eon kroveraies. PRoFEssca CoYAJ*,B replied that if the two-party system became estfblishod in India, it would be hnpossible to keop political divisions out of village pelitio8, mud the two-party system must be reflected in s division of opinion within the 8oet8 themselves. Dscussxolq o! Mr. R.B. Movemt amt the Prsmt Famine i,t tA Bombay Prsi&m (see p. 477). PaoFssoa Covx (of Calcutta) asked whether it would not be useful to encourage co-operative societies to store grain in their own' grsamris in the villages. If done on an adequate sealeo this would be an effective protect/on against famine. He also thought' that co-operative societies could be made use of more freely both by district officers both for obtaining information as to economic conditions and as channels for distributing tsksvi loans. THE'HON'BLE IR. KEATINGE thought that the provi- sion of gr&naries had beter be left to the ban/as, who were more competent to manage societies. l-[It. M. B. NANAYATI (Of them than the co-operative Baroda) urged that reserves should be largely invested outside the soeiety's business in readily realizable form so as to be available in time of famine. It might be possible to fix a definite pereents4e of the reserve which should always be kept in liquid form. PROFESSOR JEONS (of means of effects of famines to stimulate and cultivation, and would provide a Allahabad) said that the best societies from the for the societies protecting co-operative credit in the future would be assist their members to improve their especially to improve their land. This material (and durable) basis of credit. Permanen improvements of land were, in fact, the essential basis of eredi for rural co-operative societies. Co-operation itself did not ereate credit, but simply mobil/sod it. By