Kraks Vejviser 1938 Handelsregister

267

MONETARY SYSTEM, BANKS, MORTGAGE INSTITUTIONS Systéme monétaire, Banques et Etablissements hypothécaires. — Geldverhåltnisse, Bankwesen Hypothekeninstitute. — Estado Monetario, Bancario y Hipotecario de Dinamarca. Monetary System. Denmark has the same monetary system as Norway and Sweden with gold as basis, and for over fifty years a monetary union has existed between these three countries. In accordance with the Currency Act of 23rd May 1873 Kr. 2480 is minted out of 1 kg. fine gold (Kr. 1== 100 Øre).

Valae of the Danish Krone in foreign currencies per medio Oct. 1937:

Argentine..................... Austria......................... Belgium....................... Brazil........................... Bulgaria....................... Canada............. .......... Chile............................ Colombia..................... Czechoslovakia........... Danzig........................ Ecuador....................... England....................... Esthonia....................... F in land ..................... France........................ Germany.................... Greece-......................... H unga ry ..................... Iceland........................

0,72 Paper Peso 1,16 Schillings 1,31 Belgas 3,51 Milreis 17,86 Leva 0,22 Dollar 3.85 Pesos 0,38 Peso 6,25 Kroner 1,16 Guiden 2.85 Sucres £ 0,0,11 0,80 Krone 10,03 Finmark 6,54 Francs 0,55 Reichsmk. 23,26 Drachme 1,10 Pengo 0,99 Krone

Ita ly ................... Japan ................. ....... 0,75 Yen Latvia................. ....... 1,11 Lat Lithuania........... ....... 1,29 Lit Mexico............... Netherlands........ Norway............. P e ru ................... Poland............... Portugal............. Roumania......... Russia___■.......... Sweden................. Switzerland......... Turkey................. U. S. A................. U ruguay ............. . . . . 0,38 Dollar

Venezuela........... Yugo-Slavia........

Banks. In Denmark the exclusive right of issuing bank-notes is reserved to Danmarks Na­ tionalbank (The National Bank of Denmark). In 1813 this bank was established as a State bank under the name ”Rigsbanken” ; it was subsequently converted in 1818 into a private joint stock bank under the name ”Na1ionalbanken” in Copenhagen, and re-organized in 1936 by Act of Parliament under its present name: Danmarks Nationalbank, on basis of a Capital fund of 50 million Kroner paid in by the State. According to law the bullion held by the bank shall always cover at least one fourth of the notes in circulation. The obligation to exchange bank-notes with gold was suspended in September 1931, when England left the gold standard. On Oct. 15th 1937 notes in circulation amounted to 359 mili. Kr. with a bullion reserve of 118 mili. Kr. or 33%. At the present time there are in all 164 p riv a te banks in Denmark many of which have a number of branches. Out of the total balance which amounted to 3044 miil. Kr. in