Terrace Co- -op_
grows with city|

The Terrace Co-op was
started by local citizens and
members - Of the
Kitsumkalum Farmers
Institute in May of 1945.

‘Since then the premises at
Kalum and. Greig have

anded greatly.

e '40,000 square feet of

retails ee offers a variety
to the customer.
Sole. now buy food,
har ware, home heating
fuels and gasoline,
agricultural. products,
family clothing, footwear,
yard. goods and some
uilding supplies there.

The Terrace Co-op is one «

of 450 such organizations in
Western . Canada. Each
cooperative is locally owned
by its members and is
autonomous from the other
cooperatives.

Locally there are 4500
member-owners in the
trading area hounded by

' returned to members. The

Congratulation |
nC TERRACE | on your ‘50th ANNIVERSARY | au
Serving Terrace and District for 20 yrs. wi ith

building supplies vmanufacturershomes. , and
resi identi al and. comm erci ial trusses

Ne PS orn ete en
PEERS SaET ee oe PET EBL

Iyey

Kitimat, Kitwanga and the.
Nass Valley.

“Surpluses”, otherwise
known as profits, are.

return is on the basis of use,
rather than investment...
Members set - policy
through a 12 member board
of directors. The directors
are’ elected. from the
‘membership for a period of
three years, although terms
are staggered. so as to allow
an election each year.
_ Among other things, the
directors hire a manager to
carry out their policies.

Cooperatives have been
formed with the idea of
providing competition to the
chain stores, A Co-op §
spokesman says that prices
have been found to be lower
in. towns. where there is
competition from a §-

cooperative.

elebrations |
duly - 28th to August - Tth.- _ e
tT TAKES TWO...THE CHAMBER AND You” |

Terace Chamber of Commerce

a Coen sg