 He was to decide what was in best interest for the king, since he was the one who had proposed to the king to begin a monopoly on the Faeroe Islands.While Valkendorff and the clerks were counting numbers, calculating and checking books, Magnus took advantage of the situation and became good friends with King Frederick II.Any way Valkendorff would turn it, any losses he predicted and any facts that he could state - nothing could come between Magnus and his new friend King Frederik II.