3rd issue (yellow paper).
Since 1924, the Yuzovsky Cooperative became known as the Stalinsky Central Workers' Cooperative (Stalinsky CRK). It was the largest cooperative association of employees of the Yugostal Trust, which, in addition to the Stalinsky Metallurgical Plant with its mines, included the Makeyevka and Yenakiyevo metallurgical plants and mines.
As of January 1, 1924, the Stalinsky CRK united 7,541 workers in its ranks. In total, 21,000 people worked at the plant and the mines.
The board of the Stalinsky CRK was located at what is now No. 49 Artema Street. The chairman of the board was Bazulin, and the accountant was Mikhalevsky.
In the summer of 1924, delays in wage payments at the plant and the mines forced workers to take most of their pay in Stalinsky CRK vouchers.
A worker's earnings were enough for food, but not for purchasing essential goods. To solve the problem, two lending methods were developed.
The first was small-shop credit, i.e., from payday to payday. It was opened to a worker at his own request and approved by the factory committee and plant management in an amount of up to 50% of wages. With this credit, it was possible to purchase food and essential goods, excluding wine and luxury items.
The second was long-term credit. It was opened for a term of two to four months. This credit provided for the purchase of clothing and footwear, and textiles. Credit for outerwear was opened for a term of six months in an amount of up to 1.5 months' salary.