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