086543575

N ationalbanken — The National Bank.

c a p ita l; b u t the bank besi­ des owns a dividend-assess­ ment-fund of more than 25 million kroner and a pension- and benefit-fund of more than 4 million kroner. Of the surplus 750,000 kro­ ner are due to the State, after this the share-holders get 0 per cents and of the remain­ der the State gets y% and the share-holders %. The law of Ju ly 12th 1907 prolonged the concession af Nationalbanken until Ju ly 31th 1938 and the law of Au­ gust 30th 1919 introduced cer­ tain rules for the issue of no­ tes and the reserves, only va­ lid though until Ju ly 31th 1925. Nationalbanken has branch- offices in Aarhus, Aalborg,

ted a t Ilolmens Kanal and was bu ilt in I860—70 by the architect I. D. H erholdt in the style of Florence Renais­ sance w ith Northern motives. The building was inaugurated on May 9th 1870, while the addition by architect M artin Borch was taken into use in 1917. There are five directors and a committee of fifteen, elec­ ted by the share-holders, at least two from outside Copen­ hagen and two appointed by the M inister of Commerce. The M inister of Trade as a royal commissary is looking after, th a t the bank m ain­ tains its obligations to the State and the public finances.- The reserve-fund is now at its maximum, fixed by the law, 40 per cents of the share

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