December, 1911.] 



543 Agricultural Finance & Co-operation. 



two factory directors who hold office 

 for a year. The expenses of the associ- 

 ation are divided among the associated 

 factories in proportion to the number 

 of pigs they have slaughtered, and varies 

 from one to two ore per pig— in all about 

 Kr. 15,000 (£833). 



The objects of this association are to 

 represent the interests of the industry 

 as regards legislation, to secure the best 

 information as to transport of and 

 demand for slaughter-house products, to 

 work for the improvement of Danish 

 bacon by affording the assistance of 

 scientific consultants, &c, and to pro- 

 mote rational pig breeding. (There are 

 other associations for the improvement 

 of the various breeds of pigs, some of 

 which are assisted by the Government, 

 but which are not co-operative in their 

 constitution.) 



A very important function of this 

 association is : "To diffuse immediately 

 the latest intelligence regarding the 

 bacon industry among those concerned." 

 The endeavour to introduce a common 

 quotation of prices for bacon produced 

 in Denmark has only met with partial 

 success up to the present. The abattoirs 

 of Jutland and Funen have established 

 a board which, on the receipt of bi-week- 

 ly dispatches from England, fixes the 

 price a» far as these abattoirs themselves 

 are concerned. The Zealand and Lol- 

 land-Falster markets are, however, 

 somewhat influenced by the neighbour- 

 hood of Copenhagen, and it has hitherto 

 been found impossible to establish a 

 general quotation for the whole country. 

 The association, however, keeps its 

 members informed of the state of the 

 market and of the number of the pigs 

 slaughtered in Denmark and Ireland, so 

 that a very good idea of the prices can 

 be formed by the factory directors. 



The action of the association in having 

 a scientific veterinary expert at the 

 disposal of its members (the Government 

 have made a grant of Kr. 2,000 (£111) 

 yearly towards the expenses of this 

 expert) has contributed largely to the 

 success of the Danish bacon industry. 

 The Agricultural High School has also 

 placed its laboratory at the disposal of 

 the association for purposes of experi- 

 ment. 



It is also due to the association that 

 the veterinary control of exported meat, 

 which was regulated by the Law of 

 July 29th, 1903, was recently revised, and 

 that the standard was so raised that 

 foreign customers of Denmark can be 

 certain that they receive nothing but 

 absolutely sound meat. 



THE WORK OF THE ECONOMIC 

 ASSOCIATION. 



(From the Manila Bulletin.) 



We have read with great interest the 

 proposal of the Association to encourage 

 the establishment of banks throughout 

 the archipelago as well as the announce- 

 ment that in several cities and muni- 

 cipalities evidences that hearty co- 

 operation on the part of the leading 

 Filipino citizens has been engaged. 



As is well set forth by the Association 

 the urgent need of the country is the 

 active circulation of money which for 

 one reason and another has been with- 

 drawn and hoarded. The postal savings 

 bank has served to encourage the people 

 who heretofore hoarded their wealth to 

 utilize the bank, and there is reason to 

 believe that lack of confidence in bank- 

 ing institutions throughout the pro- 

 vinces has been more or less overcome, 

 and the way prepared for the very 

 necessary local institution as an avenue 

 for safe deposit and local investment. 

 All the money available in a municipality 

 is now in large measure hoarded, serving 

 no purpose and could be utilized through 

 the bank to aid in the greater develop- 

 ment of agriculture and industry, and 

 the investment thus made would be 

 right at home where the community 

 generally would benefit. 



Such institutions would inspire con- 

 fidence and educate the growing gener- 

 ation in a broader conception of local 

 economics. Instead of the scarcity of 

 money and usurious rates of interest 

 money would be plentiful and at 

 reasonable rates. 



The Philippine Legislature is to be 

 asked to meet the people half way to 

 subscribe an equal amount out of the 

 insular treasury to that provided by 

 the Filipino subscribers. We believe 

 this to be a very reasonable proposal. 

 Insular funds could not be utilized to 

 better advantage. It would be one step 

 and an important one in the direction of 

 economic emancipation. 



We have been advocating for years 

 that the greater influence and activity 

 of the government should be directed in 

 encouraging the Filipino to economic 

 independence. It is true that little or 

 no inclination to advance along material 

 lines were demonstrated, so that there 

 was very little the government could do. 

 But the prooosal of the Economic Asso- 

 ciation is what we have been looking 

 for. The Filipino as an individual comes 

 forward with a desirable proposition. 

 He offers to put up a pledge of so much 

 to back his faith in the Island's indus- 



