Estimated capital to set up the cooperative societies for this region must, of course, vary with the nature of the work intended, but roughly the sum of $4,000 has been established for each unit in he C.LC. Fifty such ce-operatives would mean a loan of $200,000 at interest of six to eight per cent. per annum, with an enormous market demand, both in Government contracts and civilian purchasing, promising a volume of bus unprecedented in China In January. 1939. when there were only 170 ce-operative units in the whole movement, the chief cooperator in the northwest reported that business exceeded $50,000 monthly in his district. What the total jaunts to now, with the increasing peed at which societies are being formed to turn out goods, has not yet been published. But to those who have questioned the soundness. of such rapid organization, it must be pointed out that not one society has failed or been: bombed out of existence permanently. Bombing has caused interruption, it is true, but the very nature of these small mobile plants has allowed them to resume work as soon as the smoke died away and "things" stopped falling. Here the strategy of the widening front is being carried over into industry.
This article is illustrated on page 5 of the accompanying Magazine.
Text read from the printed page and cleaned; old type leaves the occasional error.