Kraks vejviser 1929 Handelsregister

DENMARKS BANKING AND MONETARY SYSTEM Systéme monétaire & Organisation des Banques du Danemark. — Danemarks Geld* und Bankwesen. — Estado Monetario y Bancario de Dinamarca. 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). The relation between the gold value of the unit of coinage in Denmark and those of the more important other countries will be seen from the appended table: Present value o f the Danish Krone in foreign currencies: (The Figures in brackets following the par rates indicate the approximate selling rate of exchange pr. ult. Nov. 1928. Fluctuations under one p.Ct. are not shown).

0,278 (0,629) Peso 1,90'Schillings 0,278 (1,914) Belgas 0,49 (2,20) Milreis 1,389 (36,50) Lev 0.268 Dollar 2,20 (2,17) Pesos 0,268 Peso 8,97 Kroner 1,389(1,37) Guiden 0,55 (1,33) Sucres 0,055 £ 1,00 Krone 10,64 (10,57) Finmark 1,389 (6,77) Francs 1,125 (1,117) Reichsmk, 1,389 (20,40) Drachme 1,52 Pengo 1,00 (1,21) Krone 1,389 (5,06) Lire

Argentine....................... A u stria ........................... Belg ium ......................... B ra z il. , ......................... Bu lgaria......................... Canada........................... Chile............................... Colombia....................... Czechoslovakia............ D an z ig ........ .................. E cu ado r......................... E ng land ......................... Esthonia......................... F i n la n d ......................... France ........................... G e rm any ....................... G reece ........................... Hungary . ..........:.. Iceland ........ • ... I t a l y ...............................

J a p a n ........ .................... Låtv ia............................. L ithuan ia....................... Mexico........................... Netherlands................... N o rw a y ......................... P e r u ............................... P o la n d ........................... Po rtuga l......................... R oum an ia ..................... R u s s ia ........................... S p a in ............................. Sweden........................... Sw itzerland................... Tu rkey ........................... U. S. A.......................... Uruguay ....................... V enezuela........ ............ Yugo-Slavia . . . . ’........

0,54(0,57) Yen 1,389 Lat 2,68 Lit ' 0,536 (0,55) Dollar 0,664 Guiden 1,00 Krone 0,056 (0,065) £ 1,389 (2,37) Zloty 0,248 (5,90) Escudo 1,389(44,00) Leu 0,052 Tscherwonetz 1,389 (1,646) Pesetas 1,00 Krone 1,389 Francs 6,10 (52,25) Pjastre 0,268 Dollar 0,259 Dollar 1,389 Bolivar . 1,389 (15,10) Dinar

In Denmark the right to issue bank-notes is reserved to the ”Nationalbanken” in Copenhagen. After the financial collapse in 1813 this bank was established as a State bank under the name ”Rigsbanken” but in 1818 it was converted into a private joint stock bank under its present name with a share Capital of 27 miil. Kroner. It is under the management of five directors two of whom are appointed by the Crown. According to the last octroi granted the Bank the builion held by the bank shall always cover a t least one third of the notes in circulation. At the present time notes has been issued to an amount of about 325 mili. Kroner, while at the same time the builion reserves amounts to about 180 mili. Kroner, or more than 55 °/0. On the outbréak of the great war in 1914 the obligation to exchange bank-notes with gold was suspended the same as in other countries, and for some years the note currency has been subject to fluctuation. From the beginning of 1927 the obligation of the "National­ banken” with regard to the gold exchange has again come into forefe. At the present time there are in all 182 p r iv a t e banks ih Denmark many of which have a number of branches. O u t.o f the total balance which amounted to 2870 mili. Kr. in 1928, no less than 1535 mili. Kr. were represented by the three leading banks, from which it will be seen that the country’s banking system is rather highly confcentrated. By a Bank Act of 1919 the Danish banks were made, subject \to the special super­ vision of an appointed authority. \

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