Loan Act 1991

Original Language Title: Leningwet 1991

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Act of 19 December 1990 on the issuing and belting of treasury bills and the borrowing and lending operations of the State of the Netherlands in 1991

We Beatrix, at the grace of God, Queen of the Netherlands, Princess of Orange-Nassau, etc. etc. etc.

All of them, who will see or hear these, saluut! do know:

In this regard, we have taken the view that it is necessary to authorise our Minister of Finance to issue treasury bills and to grant loans and loans from the State of the Netherlands in 1991;

In this way, we, the Council of State, and with the mean consultations of the States-General, have been well-regarded and understood to be right and to be understood by the following:


Article 1

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Our Minister for Finance is authorized to issue Treasury bills in 1991 and to make loans from the State of the Netherlands to meet the State's financing needs and monetary policy.


Article 2

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The maturity of the money loans will be up to 50 years.


Article 3

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Our Minister of Finance shall, subject to the provisions of the Law Treasury ( Stb. 1976, 110) and this Act lays down the conditions under which treasury bills are issued and loans and loans from the State of the Netherlands.


Article 4

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Our Minister of Finance may grant to mediators in private cash loans on the nominal amount of private cash loans granted by their intervention to a commission of up to 1/8% (an eighth one to 100).


Article 5

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The right to claim a principal of the debt contracted in accordance with the provisions of this Law shall be subject to a limitation of 10 years from the first day on which the principal shall be redeemable.


Article 6

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This law will enter into force on 1 January 1991; it may be cited as: Law 1991.

Burdens and orders that are in the State Sheet will be placed, and that all ministries, authorities, colleges and officials who so concern will keep their hands on the precise execution.

Issued at Gravenhage, 19 December 1990

Beatrix

The Minister of Finance,

W. Kok

Published on the 28th of December 1990

The Minister of Justice,

E. M. H. Hirsch Ballin