COOPERATIVE AGRICULTURE IN FLORIDA


tions (a) and (b) of this section shall be applicable only
with respect to taxable years beginning after December
31, 1951. The amendment made by subsection (c) shall
be applicable to the calendar year 1951 and subsequent
calendar years."

 21 Q. HOW SOON AFTER CLOSE OF A COOPER-
 ATIVE'S FISCAL YEAR MUST IT ISSUE
 THESE STATEMENTS OF ALLOCATION?
 A. The regulations read as follows. "Allocations
 made after the close of the taxable year and on or before
 the fifteenth day of the ninth month following the close
 of such year shall be considered as made on the last day
 of such taxable year to the extent the allocations are
 attributable to income derived before the close of such
 year."

 22. Q. WHERE MAY COOPERATIVES OBTAIN
 CREDIT?
 A. In addition to the usual lending agencies the
Columbia Bank for Cooperatives, Columbia, S. C., is a
possible source of credit for Florida cooperative asso-
ciations. The bank was established under the Farm
Credit Act to furnish credit to farmers' cooperatives.
Such loans are made in accordance with good banking
practice, with adequate security and an acceptable plan
for repayment. A booklet describing cooperative credit
and the services available from this bank may be had
by writing the Columbia Bank for Cooperatives, Co-
lumbia, S. C., or to Florida representative of the Colum-
bia Bank for Cooperatives, L. R. Toy, P. O. Box 647,
Orlando, Florida.

 23. Q CAN A COOPERATIVE HANDLE PROD-
 UCTS FOR PERSONS WHO ARE NOT
 MEMBERS?
 A. Yes, as long as the nonmember business does
not exceed in value the business done with members.