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The text outlines proposed steps to organize co-operative financial resources, including opening branches, transmitting funds and deposits through local societies, and establishing savings and investment services. It also records responses from finance committees and subsequent congress decisions to reconsider the 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was the purpose of the co-operative banking paper?","Question",{"text":113,"@type":114},"The paper was prepared to address a congress resolution on organizing and extending co-operative banking and reporting steps for wider implementation.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"What major proposals were submitted to the wholesale societies?",{"text":118,"@type":114},"The proposals included organizing the movement’s financial resources, opening branches in co-operative centers, using local societies to transmit money and take deposits as agents, and establishing savings and investment departments.",{"name":120,"@type":111,"acceptedAnswer":121},"How did the wholesale societies respond to the proposals?",{"text":122,"@type":114},"Their finance committees said the suggestions were not of a practical character, explaining the scope of their banking department and emphasizing their efforts to use surplus co-operators’ 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MATERIAL AS FILMED-EXISTING BIBLIOGRAPHIC RECORD  \nRESTRICTIONS ON USE:  Reproductions may not be made without permision trom Columbia UniversityLibraries.                 \n# TECHNICAL MICROFORM DATA\n\nFILM SIZE:            35mmREDUCTION RATIO:      9:1  \nIMAGE PLACEMENT:IA  \nIB  \nIIB  \nINITIALS:                  B  \nDATE FILMED:                  4-16-98  \nTRA.CKING\\#:                                                                            32790  \n3342  \nnu 20  \nThe UNITED BOARD of the CO-0PERATIVE UNION send out Copies of this Paperto the Committees of Societies in the hope that they will consider anddiscuss it in such manner as will enable their Delegates tr the PrestonCongress to vote in accordance with the ascertained views of their Societies.  \nFurther Copies of this Paper may be had on application.  \nCo-operative Banking:  \nA PAPER PREPARED BY  \nMR.G.BISSET  \nOn behalf of the Sub-Committee on Banking(Messrs.Bisset,Fawcett,and Redfearn),appointed by the UnitedBoard to deal with the Congress Resolution on thissubject.  \nC0-0PERATIVE BANKING.  \nTHE Congress at Paisley passed the following resolutionn Banking:一  \n\"This Congress,while oxpressing its appreciation atthe splendid results of the Wholesales'Banking Depart-ment,and its pleasure at observing its continued success,is of opinion that this branch of business could,withgreat advantage,be largely extended.The Congressrequests the United Board to consider and report whatsteps,in the Board's opinion,could be taken to organisethe whole of the co-operative banking,so that the move-ment might be in a position to derive the full advantagefrom this branch of business.”  \nThe United Board,in considering the question,cameto the conclusion that the simplest way to give effect tothe intention of the resolution was for the two greatWholesale Societies to extend their banking operations soas to make the system applicable to the whole movement.The United Board approached the Wholesales by meansof a deputation to the Finance Committees of bothsocieties.The deputation laid before the committee thefollowing proposals:一  \n“That,in the opinion of the United Board,it is in thehighest degree desirable that steps should be taken at once  \n3  \nto organise in a thorough manner the whole of thefinancial resources of the co-operative movement.  \n“To enable the work to be overtaken in the mosteffective way,the United Board are of opinion that the  \nC.W.S.should be requested to open branches of itsbanking business in every centre of co-operative activity;and where it was considered that there might not besufficient business to warrant a branch being established,arrangements be made with the local society to transmitnot only the money of the society,but also to take indeposits as agents of the Co-operative Bank.  \n“In addition to acting as ordinary bankers to thesocieties,that a Savings Bank and Investment Depart-ment be also established for the purpose of affordingconvenient facilities for all concerned with the movementfinding a ready and profitable investment for their8avings.  \n“That in the event of the powers already possessed bythe two Wholesales not being sufficient to enable this tobe done,that the necessary power be obtained.  \n“To make certain that this work should be carried onin the best possible manner,the United Board are ofopinion that this banking and investment business shouldbe separated from the other departments of the Whole-sales'operations,and a separate set of directors andofficials appointed to carry on the work.”  \nThe two Wholesale Societies replied as follows:一  \n\"The Finance Committees of the English and ScottishCo-operative Wholesale Societies have fully discussed thepoints raised by your deputation in connection with Mr  \n4  \nBisset's paper at last year's Congress,and,whilst fullyappreciating his endeavours to extend the financi","cbCaiks6vFYCiORw","https://ap.wps.com/l/cbCaiks6vFYCiORw","pdf",579971,"English","# Technical microform data\n## Film size and reduction ratio\n## Banking proposals for co-operative movement\n# Co-operative banking proposals and replies\n## United Board proposals\n## Wholesale societies' response\n# Further consideration by later congresses","[{\"question\":\"What was the purpose of the co-operative banking paper?\",\"answer\":\"The paper was prepared to address a congress resolution on organizing and extending co-operative banking and reporting steps for wider implementation.\"},{\"question\":\"What major proposals were submitted to the wholesale societies?\",\"answer\":\"The proposals included organizing the movement’s financial resources, opening branches in co-operative centers, using local societies to transmit money and take deposits as agents, and establishing savings and investment departments.\"},{\"question\":\"How did the wholesale societies respond to the proposals?\",\"answer\":\"Their finance committees said the suggestions were not of a practical character, explaining the scope of their banking department and emphasizing their efforts to use surplus co-operators’ capital.\"}]","Co-operative banking - Technical microform data - Film size and banking proposals | PDF",1789962326,25]