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| Issuer | Andelselskabet Jord-Arbejde-Kapital (J.A.K.) |
|---|---|
| Year | 1931-1933 |
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| Shape | Rectangular |
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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.) |
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| Reverse lettering | Andelsselskabet Jord-Arbejde-Kapital 10 10 er en frivillig Sammenslutning, der sikrer Samfundet det fulde Udbytte af vor Tids tekniske og kulturelle Udvik- ling, forhinder Spekulatio- nens Udbytning af det ar- bejdende og forbrugende Samfund og saaledes lø- ser Fordelingsspørgs- maalet. Serie 3 Litra C (Translation: Cooperative Society Land-Labor-Capital is a voluntary association that ensures society the full benefit of our time's technical and cultural development; reduces the exploitation of speculation on the working and consuming society and thereby solves the distribution question.) |
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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.