The news magazine of the South Pacific · since 1930

Pacific Islands Monthly, 1 December 1955Vol. XXVI, No.5

Expanding

p. 57 · Read in the full issue

Fiji Credit Unions Still Expanding

rtE Fiji Central Committee of the Credit Union movement reports that by the end of eptember, 1955, there were 118 roups with a total registered lembership of 14,521.

The Credit Unions are a form of wings and loan co-operative, total savings now amount to >0,085, and 9,495 loans, mainly of short-term nature, have been lade to members. Between July 1 nd September 30 this year, 2,515 tans totalling £23,141 had been lade.

There is now interest in these redit Unions in the Cook Islands, here it is understood that the icently appointed Co-operatives fficer is encouraging their estab shment.

US Department of Agriculture re sed its estimate of world coffee 'oduction, 1955-56 season, to more ian 45 million bags (132.276 lbs ich) in November. This was 11 x cent, higher than an timate.