Co-Operatives’ Progress
p. 55 · Read in the full issue
In Cooks, “Pleasing”
From a Special Correspondent THE Cook Islands Social Develop ment Department can be justly pleased with the progress being made in the establishment of co-operatives and savings groups since work began in 1955.
The present situation was sum marised at the 1957 rally of repre sentatives at Rarotonga in December.
There were then 31 groups established, totalling 2,330 members.
Deposits and share capital totalled i 6,486, and £6,710 had been paid out n loans and sales to members.
Some 1,313 children had joined lavings groups and their total avings amounted to £1,610.
Average annual earnings are very ow in the Cook Islands.