1110
NETHERLANDS
Value of money minted during the following years (in thousands ot guilders) : —
Tear
Gold
Silver
Copper and
Nickel
For tlie East
' and West India Colonies
Total value
Total number of pieces
1881-1900 19 -1910 1914-1918 1919
8,564
992
11,385
13,710
33,870
47,100
6,000
1,310
2,005
1,593
110
10,834
15,230
14,858
3,420
34,418
52.097
110,531
9,530
452,342,090
400,679,000
488,438,476
73,200,000
The Bank of the Netherlands is a private institution, but it is the only one which has the right of issuing bank-notes. This right, granted in 1863 for 25 years, was prolonged in 1888 for 15 years, and prolonged again for the same term in 1903, with some alterations in the conditions ; e.g. all the paper money is to be issued by the Bank. In 1918 the Charter was once more prolonged for a lurther 15 years. The Bank does the same business as other banks, only with more guarantees. Two-fifths of the paper money in circulation must be covered. It has agencies in all places of importance.
Year
Notes in
Circulation,
March 31
1,023,175,000 1,051,722.000 1,039,316,000
Total Exchanges
years ending
March 31
1,305,287,045 1,618,251,658
Stock of Gold, March 31
1,000 guilders 671,041 634,871 621,033
Stock of Silver, March 31
1919 1920 1921
1,000 guilders
7,532
8,432
16,687
The capital amounts to 20,000,000 guilders, the reserve fund in 1915 to 5,000,000 guilders. The Bank keeps the State-Treasury and the cash of the State Postal Savings-Bank and of other institutions. It receives 3^ per cent, of the clear gains; the remainder is divided between the State and the Bank in proportion of 2 : 1.
There are many savings-banks, all private. Besides these there is a State postal savings-bank, established in 1881. The following table gives some par- ticulars of both : —
Tear
1917 State P. S. B. Private banks
1918 State P. S. B. Private banks
1919 State P. S. B.
Amount i Amount
deposited withdrawn
(in 1,000 I (in 1,000
gldrs.) i gldrs.)
89,798 63,978
104,880 82,669
137,886
70,240 01,443
91,768 65,218
117,919
Total De- posits at end of year (in 1,000 gldrs.)
'-'22,840 202,433
241,705 176,407
268,138
Number of
Depositors at
end of year
1,762,619 538,986
1,816,735 561,179
1,887,362
Amount per inhabi- tant. Gldrs.
33-14 22-67
36-07
po-oa
S9'26
