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Newspaper
Miniota Herald
Location
Miniota, Manitoba, Canada
Date
Nov 05, 1959
Page
5
Co-ops help individuals obtain essentials by collective effort and emphasize democratic action. The movement invites readers to join local cooperatives to meet needs and strengthen communities through participation and shared responsibility.
The Saskatchewan Legislature granted incorporation on April 5th. The Society acts as central depository for surplus funds, lends to credit unions and cooperatives, and invests idle funds in safe securities. It serves 618 members, has assets over 20 million dollars, and has paid 2 million in dividends and interest. It maintains a Saskatoon branch to serve northern members.
A cooperative enterprise belongs to the people who use its services. Control rests with all members and gains are distributed in proportion to use. The text links economic ideals to business methods and social ideals to member relations within the society.
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