The address of Mr M‘Culloch was published in full in the local _Wheatsheaf_ of the Lisburn Society, and from that report it appears that he began his address by quoting from Ben Jones: “If Co-operation is to be as rich in benefits to working people as its advocates have always expected it to be, it must be successfully and universally applied to the production and manufacture of all the commodities that are used or consumed by the human race.” With this as his text he proceeded to develop his theme by pointing out that bread was the safest and best commodity with which to begin production, for it was the most important of all commodities. In times of dull trade they could do without everything which might be considered a luxury, but they could not do without bread. “The question which was before the conference that day,” he proceeded—“Is it possible or is it desirable to have a Federated or United Bakery?”—depended so much on local circumstances that he was sure they would not expect him to give a definite answer, and what he proposed to do was to tell them what had been done in Scotland. After describing the progress of the U.C.B.S. from its inception, he examined the position in the North of Ireland. There, there were five societies—Belfast, Lisburn, Portadown, Cullybackey, and Londonderry—with an approximate membership of 919 and a trade of £5,930 a quarter. Of these societies Londonderry was 101 miles distant, and it might be better at present not to consider that society, but, if they took the other four, they found an approximate trade in bread and smalls of £720 a quarter. This represented a trade of 20 sacks per week to start with. Their distributive expenses, if they decided to start, would be greater because some of their trade would be 7, 25, and 32 miles away; but on the other hand the possibilities of Belfast itself were so great that he thought they need have no difficulty in answering in the affirmative the question which they were considering, and saying that a Federated Bakery was both possible and desirable. Continuing, he said that if they decided to begin he would advise them to lease a small bakery with two ovens or more. They would thus require so much the less capital, and would gain time to acquire experience and confidence in themselves, and to inspire their members with the necessary confidence to invest their capital. If, on the other hand, they could not get a bakehouse, or preferred to build, he had prepared a plan for a bakehouse with two ovens, a barm cellar, flour store, stable, and van shed, which would cost approximately £600.