Best System of Leakage for a Country Co-operative Store: A Paper by G. H. Hopkinson, (Secretary of the Bradford Provident Industrial Society Limited, Yorkshire)

Manchester: The Central Co-operative Board, ca. 1887. 16mo. Wraps. 8 p. Fine. [54582]

According to Hopkinson: "In most commercial transactions which consist of buying and selling goods by weight, it has been the custom from time immemorial for the seller to give the buyer a draft, that is to say, such an allowance of extra goods as caused the goods end of the scale to fall below strict balance. As it practically requires the same draft to turn the scale whether the weight of the goods be much or little, it follows that the draft obtained with wholesale goods will be sufficient to indemnify only one retail draft, and that all the other drafts given in disposing of the goods by retail will be so much absolute loss. This loss, which is the only loss properly called leakage, is invariably experienced whenever goods are sold in smaller quantities than those in which they are bought"

Price: $37.50

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