Excerpt from Summary of Cooperative Cases, Vol. 54: August 1952 The decision in this case is, of course, consistent with the holding in Dr. P. Phillips Cooperative, supra. Amounts which in that case were held taxable to the agricultural cooperative were in this case held not taxable to the members. Amounts which in that case were held not taxable to the cooperative, because of its prior mandatory contractual obligation to return them to the members, were in this case held to be property of the members and, therefore, the true expenses of the members should have been reduced to the extent of such amounts. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.