A NEW WORLD INDUSTRY free markets,, that is, especially to countries outside Europe where there was no native manufacture. Moreover, within their own countries the factories had to deal with fairly severe competition with outside explosive concerns which, attracted by the profitable business done by the Nobel factories, had proceeded to manufacture new or modified explosives. During the 'seventies and the early 'eighties Nobel and Barbe were constantly occupied with questions of organisation, the main problem being to secure co-operation between the various concerns and to harmonise conflicting interests. Separate companies came to be formed in various countries to take over the factories which the original companies of Alfred Nobel & Co. and Nobel-JBarbe had built and started running. Thus Nobel and Barbe handed over their patent rights in France, as well as the factory at Paulilles, to the Societe Generate pour la Fabrication de la Dynamite which had an original share capital of three million francs. The Swiss and Italian factories were taken over by the Societi Anonyme Dynamite Nobel which was fonned in 1872 with its headquarters at Isleten. For Spanish manufacture the Societe Espagnole pour la Fabrication de la Dynamite was fonned and the Hamburg firm Alfred Nobel & Co. was also turned into a limited liability company.under the name of the Deutsch- Osterreich-Ungarische-Dynamit R,G., which was later converted into the Dynamit-Aktien-Gesettschaft, formerly Alfred Nobel & Co., in which Nobel and Barbe acquired the controlling interest, Nobel's Hamburg partners, Dr. Bandmann and Carstens, becoming shareholders in the French Company. In May, 1875, Nobel and Barbe decided jointly to set up in Paris a scientific advisory board for the dynamite factories of the various countries. Alaric Liedbeck, the brilliant Swedish engineer and research worker in explosives, of whom mention has already been made, was selected to preside over this board. During the following years the factories in France, Spain, Italy, Portugal and S\yitzer- 127