§ 71. Mr. Awberyasked the Secretary of State for the Colonies if he is aware of the urgent need for developing retail co-operatives to combat the steep rise in the cost of living in Malaya; what plans are being made; and what amount is to be spent on their development in 1952–53.
§ Mr. LytteltonYes. Substantial progress has been made in the last two years. The Federal Government has recently increased its guarantee of the Malayan Co-operative Wholesale Society funds from $1 million to $1.5 million.
The Federal Estimates also provide for direct financial assistance to Co-operative shops, the amount in 1953 being $107,580 (£12,550).