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SATURDAY, JULY 3, 1993
LOCAL CO-OPERATIVE MOVEMENT REMAINS STRONG
THE
LOCAL CO-OPERATIVE MOVEMENT WHICH HAS NOW A TOTAL MEMBERSHIP OF OVER 21,000 IS STILL GOING STRONG, THE DIRECTOR OF AGRICULTURE AND FISHERIES, DR LAWRENCE LEE, SAID TODAY (SATURDAY).
DR LEE, AS REGISTRAR OF HONG KONG CO-OPERATIVE SOCIETIES, THE REMARK WHEN HE ADDRESSED A DINNER GATHERING HELD TO CELEBRATE 71ST INTERNATIONAL CO-OPERATIVE DAY IN SHAM SHUI PO.
MADE THE
REVIEWING THE WORK OF THE ACTIVITIES OF THE LOCAL CO-OPERATİVE MOVEMENT, DR LEE POINTED OUT THAT THE 27 VEGETABLE MARKETING CO-OPERATIVE SOCIETIES CONTINUED TO CONTRIBUTE SIGNIFICANTLY ΤΟ THE WHOLESALE MARKETING OF FRESH VEGETABLES.
IN 1992, THEY ACCOUNTED FOR 45 PERCENT OR 102,000 TONNES OF THE TOTAL THROUGHPUT AT THE CHEUNG SHA WAN WHOLESALE VEGETABLE MARKET, HE SAID.
DURING THE YEAR, THE CO-OPERATIVE SOCIETIES ALSO UNDERTOOK A NUMBER OF INFRASTRUCTURAL IMPROVEMENT PROJECTS, WHICH BENEFITTED SOME 60 HECTARES OF CULTIVATED LAND.
AS REGARDS THE 17 PIG RAISING CO-OPERATIVE SOCIETIES, THEY HAD BEEN SUPPORTING THEIR FEDERATION IN RUNNING SCHEMES FOR THE BULK PURCHASE OF PIG FEED AND QUALITY BREEDING STOCK FROM OVERSEAS.
ON THE CREDIT SIDE, 48 PERCENT OF THE $6.1 MILLION WAS LOANED TO FARMERS IN 1992/93 THROUGH THE FARMERS' CO-OPERATIVE SOCIETIES AND $390,000 FROM THE SOCIETIES OWN FUNDS.
TURNING TO THE FISHERIES FRONT, DR LEE SAID FISH LANDINGS AT THE FISH MARKETING ORGANISATION MARKETS AMOUNTED TO 68,000 TONNES, VALUED AT $648 MILLION IN 1992.
TO HELP FISHERMEN
BUILD NEW FISHING VESSELS AND PURCHASE EQUIPMENT, LOANS TOTALLING $17.1 MILLION WAS GRANTED TO MEMBERS DURING THE YEAR.
ON URBAN CO-OPERATIVE MOVEMENT WHICH MAINLY COMPRISES OF CO-OPERATIVE BUILDING SOCIETIES, DR LEE NOTED THAT SOME MEMBERS OF THE SOCIETIES HAD CHOSEN TO DISSOLVE THE SOCIETIES WITH A VIEW то ACQUIRE TITLE TO THE FLATS.
SOCIETIES
AS AT MARCH 31, 1993 A TOTAL OF 63
INVOLVING 1,151 MEMBERS APPLIED FOR VOLUNTARY DISSOLUTION WHILE THE REGISTRATION OF 34 SOCIETIES INVOLVING 533 MEMBERS WAS CANCELLED," HE SAID.
MEANWHILE, THE CONSUMERS' SOCIETIES CONTINUED ΤΟ OPERATE SUCCESSFULLY DURING THE YEAR WITH A COMBINED GROSS TRADING SURPLUS OF OVER $2.3 MILLION IN THE YEAR ENDED MARCH 31, 1993, AN INCREASE OF 4.5 PERCENT COMPARED WITH THE PREVIOUS YEAR.
DR LEE ALSO PRESENTED
RECOGNITION OF
DURING TODAY'S ANNIVERSARY CELEBRATIONS, CERTIFICATES OF APPRECIATION TO FOUR STAFF MEMBERS IN THEIR LONG AND DEDICATED SERVICE TO THE MOVEMENT.
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