The Archive · 1936

Wide Powers for Bank of Netherlands

Amsterdam, Juno 13.

Wide powers for the Bank of Netherlands in order to strengthen lis influence are contained in a. Bill fabled to-day by the Government in the Lower Chamber amending the Government's contract with the bank a from its expiry on March 31, 1997.

The amendment will enable the Bank of Netherlands to adopt a definite open market policy, enabling it to control the money market better than at the present time, since the bank is now only able to exert influence by altering the bank rate.

Text read from the printed page and cleaned; old type leaves the occasional error.

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