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664
XI. BANKING, CREDIT, AND INSURANCE.
class sub-office. Moreover, in all offices of the Riksbank anyone is
entitled to have gold coin or Riksbank notes exchanged for small coin.
In 1873 Sweden and Denmark concluded between them a Coinage
Treaty, which Norway joined two years later. In accordance with the
terms of this Treaty, all three countries have the same coinage system,
with essentially the same regulations.
The coinage of each country is legal tender in the two other countries. Each
country is obliged to accept from the Public Treasury of the other countries such
coins bearing the stamp of that country as are legal tender only to the Public
Treasury. Likewise, each country shall accept from the Public Treasury of the
other countries and exchange for gold coins any amount, divisible by 10 kronor,
of token coins which bear the stamp of that country. — No limit is set, as
regards amount, to the right to issue coins, either in the Treaty or in the
Swedish Coinage Act.
The Treaty shall cease to be in force a year after due notice has been given
by one of the parties, with the proviso that the regulations above referred to
with regard to the obligation to exchange worn coins and token coins shall be
in force two years after the Treaty has been abrogated.
The amounts in kronor of the Scandinavian coins which were issued up to
1913 inclusive, in accordance with the stipulations of the Coinage Treaty, are
exhibited by the following conspectus:
Gold Coins:
20-kronor 10-kronor 5-kronor Total
Sweden np to 3Vi2...... 71 474 500 11762 090 2 146 505 85 383 0931
Norway > » M/c . . .... 21428560 1 214560 — 22&43120
Denmark . > sl/2 . . . . . . 73 909 040 13 832 650_— 87 741690
Total 166 812100 26 809 300 2146 505 195 767 905
Only 44 035 kronor were called in by the Mints.
Silver Coins:
2-kronor 1-kronor 50 ore 25 ore 10 ore Total Called
in
Sweden . . 7 062 964 15 882 567 3 452 713 6 650 452 4 563 223 37 611 919 1 466 855
Norway. . 3 922 834 4 676 995 3 213133 2 004 670 3107 188 16924 820 2 465 877
Denmark .11477 070 6 225 388_— 4 858 106 3 655 706 26 216 270 1 663 539
Total 22 462 868 26 784950 6 665 846 13 513228 11326117 80 753009 5 596 271
Bronze Coins:
Total Called in
Sweden.............. 2 842 723 53 247
Norway............. 1 160 350 7172
Denmark.............2 110 160_31 899
Total 0113 233 92 318
The amount of Scandinavian gold coin held by the Riksbank on the 31
December 1913 was 55 957 745 kronor, and the amount of such gold coin held
by all others banking companies together was 207 170 kronor.
Hall-marking of Gold, Silver and Pewter Wares.
Legal regulations as to the finess required in gold, silver, and pewter
intended to be wrought into wares have existed from a very early date in
Sweden. The oldest Goldsmiths’ Decree known dates from the year 1529.
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