Wholesale Society
p. 93 · Read in the full issue
Will Omit Colony
ON October 1, the well known Gilbert and Ellice Islands Gov ernment trading and shipping organisation, which has been known a s the Colony Wholesale Society, will be reconstituted and styled the Wholesale Society.
Since 1949, CWS has been directed by an advisory committee of Gov ernment officers and representatives of the Island Co-operative Societies under the chairmanship of the Resident Commissioner.
CWS has now been “incorporated” and will in future be controlled by
a board of directors of UP to 13 per sons ’. a PP° in ted by the High Corn ?ilSsl^ ner for the Weste rn Pacific.
Members, as before, will be Govern ment officers and members of the present retail co-operatives. The board will render an annual profit and loss account, balance sheet and report, to the High Commissioner The Government announcement states that this is the first move towards CWS becoming a fully co operative wholesale society, owned by the retail societies, whose present limited business experience would prevent them from immediately tak ing over the £250,000 worth of CWS assets, in the form of shipping, etc.