The following is Food for Thought, it is part of the information provided to the Board of Directors of the Grenada Cooperative Nutmeg Association (GCNA) and the GCNA manager who had not the good manners or courtesy to respond or act on the information and suggestions provided.
I am almost reminded of the section in the Holy Bible: Proverbs Chapter 29: Verse 18 :”Where there is no vision, the people perish”.
Ownership Of The Grenada Cooperative Nutmeg Association: Since 2007, I have been pushing for us, members of the GCNA, to OWN the GCNA particularly its Assets. Last year in April 08, 2015 I again contacted them.
When you consider, an entity as GCNA, with twenty-one (21) or so properties in Grenada valued at almost Sixty-six Million Dollars ($66, 000,000.00) owned by No ONE with the option of we, the Three Thousand five hundred (3,500) members or so, losing everything, similar to what occurred with the GBCS,(the Grenada Banana Cooperative Society) when it was dissolved and no one received anything. Then you realise how serious a matter this situation is.
Yet our GCNA Board has not acted to enable us to own the GCNA after a year. The Board is waiting to change the whole Nutmeg Act written in 1947 rather than just have a statement included to state that “All Members of the Grenada Co-operative Nutmeg Association own the GCNA and can be given a single share to indicate that each member is a part owner of the GCNA”.
Later on we can discuss Capitillisation and other issues that have gone on over the years.
I have offered to champion this Question of Ownership or to join with any Member of the GCNA Board to do so. But none of them seem interested.
We may not know it but the GCNA, although named as the Grenada Co-operative Nutmeg Association is not governed by the usual Co-operative Laws of Grenada as enforced by the Department of Co-operatives.
It was formed by an Act of Parliament or of the Legislature long before Mr. Martineau and the Co-operative Department came on the scene.
So the Ownership Amendment or Addition can be done easily and quickly. I repeat again, I am willing to help to walk it through with the Attorney General etc.
The other thirty five (35) or so Amendments now being drafted by Consultants and the Jamaican Lawyer can continue for the IMF and so on.
Later on I shall discuss other issues to improve the GCNA and allow it to operate as a Business.
Dr.E.R Buckmire, MBE