DANISH CO-OPEKATIVE EGG EXPOET SOCIETY 79 



on the members of the local branches as well. The local branch 

 has its own committee. This committee elects a delegate to 

 represent the branch. The delegates of all local branches in 

 a county (Amt) elect one member to the County Committee. 

 The General Meeting consisting of the delegates, one from each 

 local branch, elects a managing director and four other directors. 

 Members of the County Committee and the directors take part 

 in the general meetings, but without a vote, unless they happen 

 to be also delegates from a local branch. One half of the nett 

 surplus at the end of the year is paid to the local branches in 

 proportion to the value of eggs sent in by them, while the other 

 half is set aside for the reserve fund and working capital, which 

 is cl'edited to the local branches in the same proportion. The 

 liability of the local branches for the debt of the Central Society 

 is restricted to their several shares in this reserve and working 

 capital ; 4| per cent, interest on these shares is paid annually 

 together with the surplus. 



