Catalog
| Issuer | Andelselskabet Jord-Arbejde-Kapital (J.A.K.) |
|---|---|
| Year | 1931-1933 |
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| Value | 10 Andele |
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|---|---|
| Obverse lettering | DANMARK Mod denne min Anvisning behager ANDELSELSKABET JORD ARBEJDE KAPITAL at kvittere for 10 neutrale Værdienheder 10 TI ANDELE 10 til THISTED AMTS ANDELSKASSE J.V. Hanssen TEKNISK LEDER FMD. FOR J.A.K. (Translation: Denmark Upon this my instruction, the Cooperative Society Land-Labor-Capital is pleased to acknowledge receipt of 10 neutral value units 10 TEN SHARES 10 to THISTED COUNTY COOPERATIVE BANK J.V. Hanssen TECHNICAL DIRECTOR, CHAIRMAN OF J.A.K.) |
| Reverse description | The reverse is printed in the same predominantly blue colour scheme as the obverse. The numerals '10' appear at left and right, flanking a central oval wreath of leaves that encloses a descriptive text block setting out the aims and principles of the Andelselskabet Jord-Arbejde-Kapital association. The border repeats the trilateral motto 'Jord Arbejde Kapital' and the series and litra designations are noted at the foot of the central text. |
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| Comments |
J.A.K. — Jord-Arbejde-Kapital — was a Danish cooperative credit movement founded in the early 1930s on the principle that land, labor, and capital were the three legitimate sources of value, and that interest-bearing money was the root of economic exploitation. These privately issued notes were circulated as an internal medium of exchange among members, a deliberate attempt to sidestep conventional banking during the acute rural depression that hit Jutland hard after 1929.
The Thisted Amts Andelskasse branch issued its own denominated andele — units of cooperative credit — making this note a product of local initiative rather than any central J.A.K. authority. Danish authorities tolerated the system only briefly before regulatory pressure curtailed it.