History of the United Co-operative Baking Society Ltd. : $b A fifty years' record 1869–1919Reid, William
History
History of the United Co-operative Baking Society Ltd. : $b A fifty years' record 1869–1919
Reid, William
United Co-operative Baking Society, Ltd., Glasgow
In the middle of September there came an appeal from the Oakmill Society
that the Baking Society should invest in its funds. The matter was
delayed for one reason or another, but finally, at the quarterly meeting
which was held in March 1876, it was agreed to invest £200. At this time
the financial position was improving every week. The profits on working
were well over £30 per week, and the committee were not so chary of
spending money as they had been in earlier years. Among other donations
to which the Society agreed was one of £20 towards the expenses of the
Co-operative Congress which was to be held in Glasgow in 1876. Several
of the societies which were affiliated with the Baking Society were in a
bad way at this time. Blairdardie Society had had their premises
destroyed by fire, and a deputation was received by the Bakery
directors. The deputation explained that the purpose of their visit was
to get some consideration shown to them by giving them their regular
supply of bread until they were able to complete their arrangements. The
committee agreed that Blairdardie should receive their usual supply of
bread for a month, at the end of which period the question would be
further considered. Anderston Society also had fallen on evil days. For
some time the Bakery committee had had considerable difficulty in
securing prompt payment by that society for bread supplied to it, and
early in 1876 they reduced by half the number of shares they held in the
Bakery, as their membership was declining. They struggled on until the
middle of 1878, but after taking stock in July of that year they gave up
in despair and closed the shop. At the time when they closed down they
were owing the Baking Society some money, and Mr Smith transferred that
amount from their share account to their goods account. The chairman
had, however, some doubt as to the legality of this action, and it was
afterwards decided that should any of the other creditors object the
Society would not take any action to uphold their claim. The debts of
the Anderston Society were taken up by the Wholesale Society, however,
and after a considerable amount of correspondence between the committees
of the two Federations the balance of the share capital of Anderston
Society was transferred by the Bakery committee to the Wholesale
Society, the latter Federation agreeing to relieve the Baking Society
from any responsibility they might incur by so doing.
Public-domain text, read in full here on John Shaqi.
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