Page:Indian Journal of Economics Volume 2.djvu/717

 BOMBA F putting espil into the lud, however, they would really orets s msorvs of eredit in the increased market value of the land whioh eould b utilizl if the improvements thomsolvss failed to prevent disaster overtaking the crops. He person- ally approved of the idea of eo.oporative soeieties having their own granaries in th villages if don on an adequate sesl, so th&t th soeity eould employ s special man to bs in hrg of them. Euls of management of th grsn&ris eould b drawn up &nd &pprovd b th Rgistrsr of Oo-operaive Soeieis. Pao.ssoE E. A. HOEIE (of Patna) zxprzsszd surprise that Mr. Ewbsuk &ppsrznfly viawed. with zqusnimity hz necessity in lamina years of putting moral pressure on depositors not to withdraw their money. Ds. (ILBEIT SLATER (of Madras) said eo-oporative credit societies, when [ully established, ereated a need. for pur- ohsso, sale and distributive societies working parallel with them. In his view the proper proteetion against amine was the soeumulation o! savings by members themselves; and it was obvious that the praetiee of saving neede to be greatly stimulated so as to meet advers years. Possib- ly the best plan would be to have separate 'savings banks established with branehes, or agents residing in or visiting the villages. ..Co-operative soeieties appeared to be open to oarrain objeetions as savings banks. PaOlESSOR ANT thought the question of fodder supply .ws of the greatest importsnee. The fact of Bombay being near to the seats of war, in the sense of being the prin- oipsl base of supply, had possibly lad to the surrounding territories being especially denuded of fodder reserves, and eonsoquently to the present difficulties in supplying odder to the drought striekeu distriers. It should not be forgotten that a famine eausod wide-spread unemployment, and a good means of alleviating this would be the establishment of oottage industries on which the people eould fall baek aoeording to their neeossifies. MB. EwK in reply to the disoussion on his paper, said that with regard to Professor Coyajoo's enquiry as to whether eo-oporative granaries might not be useful safe- guards asainst famine, he distinguished two elasses of granaries. [he first were intended for the most baokward jessi9. ib who ia normal years censures their stooir of