We prove a representation theorem for residuated algebras: each residuated algebra is isomorphically embeddable into a powerset residuated algebra. As a consequence, we obtain a completeness theorem for the Generalized Lambek Calculus. We use a Labelled Deductive System which generalizes the one used by Buszkowski [4] and Pankrat'ev [17] in completeness theorems for the Lambek Calculus.