Title: Co-operative Store, Jackson Street, 1962
Date: December 1962
Reference Number: GL001591
Item Description: Until the late seventeenth century, this street was known as Colliers Chare. It was possibly named after Henry Jackson, estate steward to the Gerard family.
This photograph shows the Co-operative store on Jackson Street. The ethic of the Cooperative Societies was to trade by a few basic simple rules for the benefit of members. Every member must buy shares (often one shilling each) and be issued with a share number. All goods would be retailed at a fair market price, and profits returned to the society for expansion, and to members in dividend related to the amount purchased, so much in the pound, say 2s. Each society formed would have its own trading name, its own shop premises to be called a 'store', and elected committees to manage it all.
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