#co-operative society

[scotianostra]

On 9th November 1769 The Fenwick Weaver’s Co-operative Society, the worlds first co-operative association, was founded.

In the Anglocentric education system that most of us older Scots grew up with we were told that the Yorkshire town of Rochdale were first to have a Co-op, this was in 1844. The truth of the matter is that The Fenwick Weavers' Society is considered to be the earliest known co-operative in the world for which full records exist about 75 years before the English claim.

The cooperative movement was born over 250 years ago in a barely-furnished cottage in the East Ayrshire village, when local weavers manhandled a sack of oatmeal into John Walker's whitewashed front room and began selling the contents at a discount.

In Yorkshire a sign on the railway bridge above the A664 leading into the town from the M62 states: "Rochdale: birthplace of cooperation", while the council's website describes the town as the "home of the worldwide cooperative movement", so I made a wee meme gif with the Still Game Neds to put hings right.

The Fenwick societies foundations started 8 years before when on 14th March 1761, 16 weavers met together in Fenwick Church to sign the foundation charter of the Fenwick Weavers’ Society. By signing the document, they agreed to its terms and conditions. These included ‘being honest and faithful to one another’ and to their employers, making 'good sufficient’ work, and setting prices that were 'neither higher nor lower … than are accustomed in the towns and parishes of the neighbourhood’.

The society members promised to pay an admission fee of two shillings and sixpence which was to be used for the good of the Society. Regular contributions to the poor fund were made from these shared investments. As well as offering mutual support to its members, the society aimed to bring benefit to the wider community.

On 9th November 1769, the society agreed that its funds should be used to buy, 'victuals’, or food, in bulk to be sold to members and non-members at a good price. In addition, members enjoyed the privilege of up to four weeks’ credit.

The society funds were also used to buy books and, in 1808, the members established a library for the local community. In the society records, there is also evidence of a form of 'credit union’, or community-based bank organised on co-operative principles. People could borrow money from the communal funds at a fixed rate of interest.

Sadly handloom weaving could not resist the advance of the factories and, in 1873, with only three members left, they wound up the Society. However, their memory lives on, both in the descendants of the Weavers now all over the globe, and also in our great world-wide Co-operative Movement with almost a billion co-operators affiliated to the International Co-operative Alliance.

The Society was reconvened in March 2008 and has been reconstituted as a co-operative, in legal form as an industrial and provident society, in order to record, collect and commemorate the heritage of the Fenwick Weavers.

The image with the transcript was the initial meeting from March 1761 you can read it in full at the link here https://www.nls.uk/learning-zone/politics-and-society/labour-history/fenwick-weavers/

[monkeyssalad-blog]

Detail from a 1949 Co-Op ad by totallymystified

[wamathai]

CIC Group hosts capacity building forum for Co-operative society CEOs

CIC Group hosted over 200 co-operative CEOs during a three-day forum where they benefited from a blended business and strategic management capacity building program. The program was aimed at increasing the growth and competitiveness of co-operatives and co-operative enterprises in the country. In the past year, CIC has conducted 25 trainings, both physical and virtual, helping to improve tactics…

[superblyeffective]

Frank Turner - 1933 (Visualiser)

"If I was of the greatest generation I'd be pissed Surveying the world that I built slipping back into this I'd be screaming at my grandkids: "We already did this" *

Full Lyrics:

"Stop asking musicians what they think" He said softly as he poured himself a second drink And outside, the world slipped over the brink We all thought we had nothing to lose That we could trust in crossed fingers and horseshoes That everything would work out, no matter what we choose

The first time it was a tragedy The second time is a farce Outside it's 1933 so I'm hitting the bar

But I don't know what's going on anymore The world outside is burning with a brand new light But it isn't one that makes me feel warm Don't go mistaking your house burning down for the dawn Don't go mistaking your house burning down for the dawn

If I was of the greatest generation I'd be pissed Surveying the world that I built slipping back into this I'd be screaming at my grandkids: "We already did this" * Be suspicious of simple answers That shit's for fascists and maybe teenagers You can't fix the world if all you have is a hammer

The first time it was a tragedy The second time is a farce Outside it's 1933 so I'm hitting the bar

But I don't know what's going on anymore The world outside is burning with a brand new light But it isn't one that makes me feel warm Don't go mistaking your house burning down for the dawn Don't go mistaking your house burning down for the dawn For the dawn

Aren't you ashamed of this? I surely hope that you are We live in a society that's maybe heading for Mars But down here we still have a shower of bastards leading the charge Outside it's 1933 so I'm hitting the bar

But I don't know what's going on anymore The world outside is burning with a brand new light But it isn't one that makes me feel warm Don't go mistaking your house burning down for the dawn Don't go mistaking your house burning down for the dawn

Don't go mistaking your house burning down for the dawn Don't go mistaking your house burning down for the dawn

[corvidist]

Decided to make a diagram of evolutionary & cosmetic changes made over time using one of my photos as a base. PA stands for Post-Anthropocene, not their system for measuring time but useful for contextualization.

[toytulini]

hit tag limit on the last post cos i started talking about roller coasters again 😔

[rainerrs]

There are so many lines of communication ...use them...better than shooting!

[jasslegal]

Online Legal Query offers expert services for housing societies, ensuring compliance with laws and regulations. Our team provides legal guidance on society formation, dispute resolution, member agreements, and more, helping you manage your housing society effectively and legally. Get professional support tailored to your society's needs.

[jobskenyaplace]

TENDER FOR SUPPLY OF AN ENTERPRISE RESOURCE PLANNING SYSTEM

USHURU INVESTMENT CO-OPERATIVE SOCIETY LTD TENDER NOVEMBER 2024  EXPRESSION OF INTEREST REQUEST FOR SUPPLY OF AN (ERP) SYSTEM Ushuru Investment Cooperative Society (UIC) invites qualified vendors to submit expression of interest for the acquisition and implementation of a comprehensive Enterprise Resource Planning (ERP) system. This initiative aims to enhance our operational efficiency,…

[rotenotes]

TAKAHISA OISHI - The Materialist Interpretation of History and Marx's Critique of Political Economy

The Materialist Interpretation of History and Marx’s Critique of Political Economy TAKAHISA OISHI Professor of Economics Takushoku University Tokyo, Japan Introduction In my latest paper[1], I examined the editing problems of “I Feuerbach” of The German Ideology (1845-1846)–hereafter FEUERBACH–. Here I am concerned with the so-called ‘materialist interpretation of history’, which has been said…

[opstandelse]

TAKAHISA OISHI - The Materialist Interpretation of History and Marx's Critique of Political Economy

The Materialist Interpretation of History and Marx’s Critique of Political Economy TAKAHISA OISHI Professor of Economics Takushoku University Tokyo, Japan Introduction In my latest paper[1], I examined the editing problems of “I Feuerbach” of The German Ideology (1845-1846)–hereafter FEUERBACH–. Here I am concerned with the so-called ‘materialist interpretation of history’, which has been said…

[frimleyblogger]

Some Rochdale Pioneers

One of the many problems that the Rochdale Pioneers faced before being able to open their shop at Toad Lane on December 21, 1844, was the supply of produce. Determined to stifle this piece of working class initiative local politicians and businessman pressurised local businesses to have nothing to do with them, forcing the Pioneers to travel as far as Manchester, some ten miles away, to get…

[advocatechenoyceil]

Property Transfer through Nomination in Housing Societies in West Bengal

Property transfer through nomination in housing societies is a crucial mechanism for ensuring the smooth transfer of property rights upon the death of a member. Continue reading Property Transfer through Nomination in Housing Societies in West Bengal

[townpostin]

Railway Co-op Urban Bank Election Results Shake Up Leadership

Congress and Union candidates split victories in cooperative society polls Jamshedpur witnesses a shift in railway cooperative bank leadership as election results reveal a balanced outcome. JAMSHEDPUR – The South East Zone Railway Co-operative Society Urban Bank has seen a significant shake-up in its leadership following the conclusion of recent elections. The vote count, finalized on Thursday…

[terotam]

https://terotam.com/blog/need-of-tender-management-for-co-operative-societies

How Tender Management Software Can Be Helpful to Co-operative Societies?

[ngeeanncoop]

52nd Annual General Meeting

NP Co-op Annual General Meeting 2023 (15 Sep 2023)

The AGM was preceded by a talk on his entrepeurial journey by NP alumni Mr. Tony Ang in setting up Mother-in-Law Tarts.

Following the presentation, the Board presented its annual report during the 52nd Annual General Meeting conducted on 15 September 2023 at LT58A.

During the AGM, the Chairman of the Board (Mr. Neo Tiong Cheng) thanked the following Board Members for the service for the period 12 September 2022 to the current AGM (15 September 2023) for the following office bearers:

Chairman: Mr. Leow Teck Sim

Secretary: Mr. Neo Tiong Cheng

Treasurer: Mr. Yoong Ee Chuan

Members:

Ms. Khoo Kiat Chin

Ms. Corliss Lin

Mr. Jayaperakash Jayadevan

Mr. Chew Xuan Hui

He thanked the outgoing Board Member Mrs. Pang-Khoo Kiat Chin and the two Co-op Internal Auditors Ms. Lynn Goh and Ms. Chia Pei Lin for their invaluable contributions to the Co-operative for 2022-2023.

The President of NP Co-op (Principal of NP) has appointed the following to Board of the Co-op from 15 September 2023 to the next AGM in 2024. The office bearers were elected by the Board at their first board meeting on 15 September 2023 as follows

Chairman: Mr. Neo Tiong Cheng

Secretary: Mr. Leow Teck Sim

Treasurer: Mr. Yoong Ee Chuan

Members:

Ms. Corliss Lin

Mr. Jayaperakash Jayadevan

Mr. Chew Xuan Hui

The number of Co-op members as at 30 August was 186.

During the year, the Co-op organised the following virtual events for the benefit of Co-op members:

(a) Extraordinary Annual General Meeting (EOGM) cum Entrepreneurial Talk by Ben Lee (NP Alumni, Chinese Media and Communications, School of Humanities and Social Sciences) 25 November 2022 (26 pax)

(b) Financial Literacy Lunchtime Talk (Virtual Online): Powered for 100: Singaporeans are Living Longer, Are You Ready? 17 March 2023 (57 pax)

The feedback from the events were generally positive and members were able to learn more about entrepreneurship and financial literacy.

Donations

The Co-op also donated $10,000 during the financial year to Ngee Ann Polytechnic's Student Aid Fund. The donations comprised the following:

(a) NP Co-op Student Aid Grant: $5,000 to support 5 academic students meeting Tier 1 Bursary (Government Framework for the Higher Education Community Bursary) on 1 June 2022

(b) NP Cares Walk for Financial Assistance to Needy Students: $5,000 on 23 September 2022

Financial Results

The Co-op achieve an unmodified (clean) opinion on the Co-op’s financial statements for the year ending 31 March 2023.

The Co-op had achieved a revenue of $253.8k in FY 22/23 vs $121.4k in FY 21/22 (+109.1% year-on-year). This was attributed to the relaxation of Covid pandemic controls since the first quarter of calendar year 2022 where students and staff could go back to campus freely to patronize the Ngee Ann Shop at Blk 58. Expenses increased from $67.3k in FY 21/22 to $128.0k in FY 22/23 (+90.3%) in tandem with the increased business activity

Other comprehensive income for the year went from a deficit of $0.4k in FY 21/22 to a surplus of $22.5k. This arose from the recovery of business activity back to levels that approximate the pre-covid period.

The Committee of Management continues to actively monitor the ongoing business environment and act in a prudent manner to manage the various risks.

On behalf of the COM, the Chairman thanked all members for their steadfast support to the Co-operative. He also expressed sincere appreciation to our stakeholders such as the current Principal/CEO of NP and President of NP Co-op (Mr. Lim Kok Kiang), Deputy Principals, Senior Management of NP, Director and Head of Estate, Eco and Safety Office.

We look forward to continue to serve members and the wider NP Community for the next term.