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The Law of

LAND SOCIETIES,

AND

Co-operative Farming and Land Societies,

With Withdrawable and Transferable Shares;

AND THE LAW OF

Co-operative Banks and of Co-operative Societies, generally,

UNDER THE INDUSTRIAL AND PROVIDENT SOCIETIES ACT, 1876;

WITH

A Digest, alphabetically arranged, of recent Legal Decisions in connection with the FORMATION AND OPERATIONS OF

LAND INVESTMENT COMPANIES,

UNDER THE COMPANIES' ACTS, 1862-1880.

BY

ARTHUR SCRATCHLEY, M.A., BARRISTER-AT-LAW,

Formerly Fellow of Queens' College, Cambridge; Joint Author of "The Law of Building

Societies," &c.

Third Edition,Re-written and Enlarged.. 007 1882

LONDON:

BIBLIOTHER BODLEIAN

SHAW & SONS, FETTER LANE AND CRANE COURT, E.C.
Law Printers and Publishers.

NOTICE.

In reference to the Land Question, we think it desirable to request our readers, who are interested in the subject, to bear in mind that the plan of Local Co-operative Farming Societies, which we recommend in Part IV., is something different to that of the large Companies or Corporations established for the purpose of joint-stock farming.

Such Associations will, no doubt, like all other important undertakings, present features of value, but their business will be mainly to trade with hungry capital for the purpose of making profits out of Farming, as with any other business for speculative shareholders.

In contradistinction to this, a Co-operative Society would be local. It would restrict its members to persons actually engaged in farming, and not seek to be too big in size. The system pursued would be one of strict mutuality, and the profits be divisible amongst the members who assisted in creating them.

*

*Suggestions respecting Land Societies, which are deemed likely to lead to greater facilities in their operation, in connection with the approaching legislation on Land in England, are invited to be addressed to the Author.

2, PLOWDEN BUILDINGS,

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TEMPLE, LONDON.

June, 1881.

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