62 CO-OPEEATION IN DANISH AGEICULTURE 



cost price ; pig breeders were to be represented on the com- 

 mittee, and to have a right to hold shares ; shares were to 

 receive interest at 5 per cent. ; certain sums were to be set 

 aside for a sinking fund, and the remaining surplus should be 

 divided equally between shareholders and supphers of pigs, 

 with this proviso, that shareholders were never to receive of 

 this surplus more than IJ kr. (Is. Sd.) per pig, the remainder, 

 if any, to be divided between the breeders in proportion to 

 the number of pigs supphed by each. This proposal was 

 discussed at a meeting held in the Copenhagen Exchange, 

 in July, 1890, C. F. Tietgen in the chair. But, although 

 favoured by some of the representatives of the farmers, it was 

 strongly criticised by others, and was on the point of being 

 rejected, when Tietgen, by way of compromise, made a pro- 

 visional proposal whereby the prices of pigs all over the country 

 should be regulated every week by a joint committee, all pig 

 breeders being entitled to participate in the annual surplus 

 according to rules to be fixed independently by each slaughter- 

 house. The committee, elected by representatives, one for 

 each slaughter-house, was to consist of one representative for 

 the private and one for the co-operative factories, while a third 

 member could be elected, for instance, by the Agricultural 

 Societies ; this committee could also, if desired, control the 

 export and sale of bacon, regulate killings according to the 

 state of the market, and so forth. This proposal was accepted. 

 A committee of eleven w^as formed to give it further considera- 

 tion, and a sub-committee of three was elected, consisting of 

 Bojsen, Hey man, and a leading landowner, Tutein. But 

 Bojsen raised the objection that the private slaughter-houses 

 were valued at a figure far beyond their real value, a point of 

 some importance, as their influence in the management of the 

 company was in proportion to the amount of valuation ; 

 other points of dissent cropped up, and when the committee 

 of eleven met, the proposal was rejected by the representatives 

 of the private factories. The following year a new basis for an 

 agreement was proposed by a committee, and several factories, 

 both private and co-operative, supported while others opposed 

 it, and a further opposition came from the side of the *' free " 

 breeders of pigs, those who were tied to no particular slaughter- 



