Musselburgh Co-operatives: Difference between revisions
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===MUSSELBURGH & FISHERROW CO-OPERATIVE SOCIETY 1862-2007=== | ===MUSSELBURGH & FISHERROW CO-OPERATIVE SOCIETY 1862-2007=== | ||
The society was formed in 1862. | The society was formed in 1862. The first store listing in the Edinburgh Postal Directory is Bridge Street in 1867. The store was moved around 1876 to 10 High Street and extended to include No. 8 by 1880. | ||
In 2005 an attempt by the society to demutualise was halted by a Court of Session interdict. The resultant investigation by the Financial Services Authority found that the society's governance had not been functioning effectively. In June 2007 the board of directors called a further members meeting to vote on demutualization. In September 2007 the society demutualise, becoming the private company M & F (Scotland) Limited. | In 2005 an attempt by the society to demutualise was halted by a Court of Session interdict. The resultant investigation by the Financial Services Authority found that the society's governance had not been functioning effectively. In June 2007 the board of directors called a further members meeting to vote on demutualization. In September 2007 the society demutualise, becoming the private company M & F (Scotland) Limited. | ||
Revision as of 22:10, 14 March 2024
MUSSELBURGH & FISHERROW CO-OPERATIVE SOCIETY 1862-2007
The society was formed in 1862. The first store listing in the Edinburgh Postal Directory is Bridge Street in 1867. The store was moved around 1876 to 10 High Street and extended to include No. 8 by 1880.
In 2005 an attempt by the society to demutualise was halted by a Court of Session interdict. The resultant investigation by the Financial Services Authority found that the society's governance had not been functioning effectively. In June 2007 the board of directors called a further members meeting to vote on demutualization. In September 2007 the society demutualise, becoming the private company M & F (Scotland) Limited.
MUSSELBURGH INDUSTRIAL CO-OPERATIVE SOCIETY 1875-1897
Colonel James Paterson of Musselburgh is credited with inventing and patenting the first machine capable of tying knots for fishing nets.
By 1805 there were two cotton mills just south of Musselburgh, Esk Mills, on the banks of the Esk. The southern mill was converted into a paper mill shortly after. J. W. Stuart obtained James Paterson's patent and business in 1849. In the early 1850s he aquired the northern mill. From 1867 J. W. Stuart rebuilt the mill and expanded it to meet demand. The company became famous as one of the best net manufacturers in the world. As well as fishing nets, the company manufactured anti-submarine nets during war time. Employing 800 people at it's peak, the company went into decline with the introduction of synthetic materials, with the mill complex closing in 1979.
As well as the factory, the company built houses for it's workers and in 1875 provided a store to enable it's workers to start a co-operative society, the Musselburgh Industrial Co-operative Society[1]. The first listing in the Edinburgh Post Office Directory for the store at 25 Bridge Street is in 1877.
The society competed with Musselburgh & Fisherrow for members and business, with the society's store being close to the Musselburgh & Fisherrow at 8 and 10 High Street, Fisherrow - see map opposite from 1893. By November 1896 they were discussing joining together and in January 1897 Musselburgh Industiral joined to Muselburgh & Fisherrow[2].
| MUSSELBURGH INDUSL CO-OPE SOCY LIMITED | ||
|---|---|---|
| File:MuselCo.Ind.1.jpg | ||
| Source | (DRR) | |
| Filename | MuselCo.Ind.1 | |
| Value | 1d | |
| Add Desc. | ||
| Size (mm) | 22 | |
| Manufacture | Brass | |
| Notes | ||
| File:MuselCo.Ind.1S.jpg | ||
| Source | (DRR) | |
| Filename | MuselCo.Ind.1S | |
| Value | 1/- | |
| Add Desc. | ||
| Size (mm) | 22 | |
| Manufacture | Brass | |
| Notes | ||
| File:MuselCo.Ind.2S.jpg | ||
| Source | (DRR) | |
| Filename | MuselCo.Ind.2S | |
| Value | 2/- | |
| Add Desc. | ||
| Size (mm) | 22 | |
| Manufacture | Brass | |
| Notes | ||
