12 JUNE 1920, Page 24

The Fifty-First Annual Co-operative Congress, 1919. ;Manchester: Co-operative Union.)—This formidable

volume, issued in time for the Bristol Congress, gives as usual much information about the co-operative movement. Thus the retail distributive societies on .1918 paid over two millions in dividends to their shareholders and made " profits " also to the amount of fourteen millions. The productive societies paid £912,000 in wages and had a " surplus " of £398,000. The English and Scottish Co-operative Wholesale Societies, with a capital. of about sixteen millions, had a trade of eighty-four millions, but their profits are apparently not stated.