can be used, or distributed, by a Co-operative. “Members usually receive limited compensation, if any, on capital subscribed as a condition of membership.” “Developing their co-operative, possibly by setting up reserves, part of which at least would be indivisible;” in other words, the surplus can be reinvested in the co-operative. "Benefiting members in proportion to their transactions with the co-operative;” for example, a Consumers' Co-operative may decide to pay dividends based on purchases (or a 'divvi'). “Supporting other activities approved by the membership.” Autonomy and independence The fourth of the Rochdale Principles states that co-operative societies must be autonomous and independent. According to the ICA's Statement on the Co-operative Identity, “Co-operatives are autonomous, self-help organizations controlled by their members. If they enter into agreements with other organizations, including governments, or raise capital from external sources, they do so on terms that ensure democratic control by their members and maintain their co-operative autonomy.” Education, training, and information The fifth of the Rochdale Principles states that co-operative societies must provide education and training to their members and the public. According to the ICA's Statement on the Co-operative Identity, “Co-operatives provide education and training for their members, elected representatives, managers and employees so they can contribute effectively to the development of their co-operatives. They inform the general public – particularly young people and opinion leaders – about the nature and benefits of co-operation.” Cooperation among cooperatives The sixth of the Rochdale Principles states that co-operatives cooperate with each other. According to the ICA's Statement on the Co-operative Identity, “Co-operatives serve their members most effectively and strengthen the co-operative movement by working together through local, national, regional and international structures.” Concern for community The seventh of the Rochdale Principles states that co-operative societies must have concern for their communities. According to the ICA's Statement on the Co-operative Identity, “Co-operatives work for the sustainable development of their communities through policies approved by their members.” Previous versions Original version (adopted 1937) Open membership. Democratic control (one person, one vote). Distribution of surplus in proportion to trade. Payment of limited interest on capital. Political and religious neutrality. Cash trading (no credit extended). Promotion of education. ICA revision (1966) At the 1963 Bournemouth Congress of the ICA, attendees appointed a second commission on the Rochdale principles, composed of one representative each from Great Britain, Western Europe, Eastern Europe, United States, and India. D.G. Karve, the representative from India,