APPENDIX No. 4. LOANS TO AGRICULTURAL CO-OPERATIVE SOCIETIES. TERMS AND CONDITIONS UNDER WHICH LOANS MAY BE MADE TO PRODUCTIVE CO-OPERATIVE ENTERPRISES. 1. In order that a Society may be eligible for a loan, the Society must be registered under the Industrial and Provident Societies Acts, and must have for its object such agricultural purpose as may be approved by the Board, and its capital must be subscribed mainly by agriculturalists. The share capital paid up by the members of the Society must be not less than 5s. per £1 share, and the rate of interest on the paid up share capital and on any other contributions by the members to the funds of the Society must be limited to 5 per centum per annum. Where a Society's rules require payment of a higher rate of interest as a first charge on profits, the rules must be amended to limit the interest. to a maximum of 5 per centum during the currency of the Board's loan and the amendment must be duly registered. 2. In the case of a newly-formed society, the amount of the loan from the Board will normally not exceed (a) half the total amount considered by the Board to be necessary for the proper equipment and working of the Society, or (b) a sum equal to the total amount contributed by the members of the Society towards the capital cost of the undertaking (i.e., the total amount of the paid up share capital and of any additional payments by the members to the funds of the Society), whichever may be the less. In exceptional cases, however, the Board, subject to prior Treasury approval, may make loans to new societies towards the capital cost of plant and buildings to the extent of one-and-ahalf times the total amount of funds contributed by the members. No loans will be granted until the Board are satisfied that the remaining capital required for the proper equipment and working of the Society will be available. 3. Advances to existing societies will normally be made only for the purpose of improving or extending premises and plant and will not exceed half the estimated expenditure on the proposed improvements and extensions; but the Board in its discretion may also make loans to existing societies to be used for working capital. No loan will be made unless the Board are satisfied as to the financial position of the Society and as to the prospects of its successful development. 4. The security for a loan made by the Board will be provided by a bond on such heritable subjects as the Society may possess or acquire, or in such other manner as the Board may require. In cases where loans are made to new Societies to the extent of one-and-a-half times the amount of funds contributed by the members, or to existing Societies for use for working capital, heritable security will always be required. 5. A loan may be granted for a period not exceeding twenty years. Interest thereon will be charged at the rate of 5 per centum per annum, and both interest and repayment of principal will be payable half-yearly. In certain circumstances (but not in the case of advances for supplying working capital), a loan may be made free of liability for interest for an initial period not exceeding two years; repayment of capital may be deferred for a similar period. 6. The Board shall have the right to inspect the work of the Society and to be represented at meetings of the Committee of Management of any Society to which a loan is made. The Board also reserve the right to require at any time the immediate repayment of the outstanding principal of the loan together with interest payments due to date, if they are not satisfied with the manner in which the affairs of the Society are conducted. 7. A copy of the Auditor's report and of the accounts shall be supplied to the Board annually. The books of the Society shall be open to inspection by an officer of the Board at any time upon due notice. 8. While this scheme is designed primarily to aid the promotion and development of productive co-operative undertakings such as milk depots, the Board are also prepared to consider applications for advances to agricultural co-operative societies carrying on trading operations which include the marketing of the agricultural produce of members. Loans to such Societies may be made for the provision and erection of stores, etc., for the collection and grading of members' produce and for other necessary purposes for the development of the productive side of the Societies' trading operations. APPENDIX No. 5. FERTILISERS AND FEEDING STUFFS ACT, 1906. STATEMENT SHOWING THE NUMBER OF SAMPLES TAKEN IN EACH COUNTY AND BURGH IN SCOTLAND DURING THE YEAR ENDED 31ST DECEMBER 1926. (557) 2 6 12 2 12 8 276 73 3 50 1 1000 2 51 2 3 3 5 3 10 2 2 2 226 27 2 3 75 9 51 లుల 123 4 12 1 3 28 31 175 216 141 116 75 548 +Exclusive of 2 samples - no guarantee furnished. Exclusive of 1 sample--no guarantee furnished. $Exclusive of 2 samples guarantee not in the form prescribed by the Act. Total. 7 Printed under the authority of HIS MAJESTY'S STATIONERY OFFICE (April 1st, 1926-December 31st, 1926.) Presented to Parliament by LONDON: PUBLISHED BY HIS MAJESTY'S STATIONERY OFFICE. To be purchased directly from H.M. STATIONERY OFFICE at the following addresses: Cmd. 2844. 15, Donegall Square West, Belfast; or through any Bookseller. 1927 Price 1s. 3d. Net. SUMMARY OF CONTENTS. LIST OF PREVIOUS REPORTS PAGE 4 CHANGE OF PERIOD FOR FUTURE REPORTS PART I.-GENERAL AND BRITISH EMPIRE: International Commission for Air Navigation Commercial Air Services : Imperial Airways, Ltd.-European Services Civil Aviation during the General Strike Savage Skywriting Company (and associated Companies) Air Survey and Photography Light Aeroplane Clubs and Private Flying Training of Reserve Officers 4 555 7899 9 9 11 12 12 Licences and Certificates Ground Organisation : Air Ports and Landing Grounds (cross-Channel Routes) Estimates, 1926-1927 Air Navigation Regulations Night Flying Equipment Navigation Information and Maps Wireless Communications Meteorology Technical Development: Aircraft Engines Miscellaneous Medical Services Investigation of Accidents to Civil Aircraft Statistics of Civil Flying-Summary Statistical Tables: British Commercial Aviation A. B. C. Horse-power Mileage, Passenger Mileage and Ton- G. Accidents Commercial Aviation H. Subsidised Light Aeroplane Clubs, 1926 36 E. 37 F. Causes of Involuntary Landings in respect of Flights by D. (1) Value of Goods imported and exported by Aircraft - 35 (2) Value of Bullion and Coin of Gold and Silver Imported and Exported by Aircraft Efficiency of British Subsidised Air Services 33 34 |