"Nederlandsche Handel-Maatschappij" above the entrance to the Amsterdam Archives at the De Bazel building, built as NHM's headquarters

The Netherlands Trading Society (Dutch: Nederlandsche Handel-Maatschappij N.V. or NHM) was a Dutch trading and financial company, established in 1824, in The Hague by King William I to promote and develop trade, shipping and agriculture. For the next 140 years the NHM developed a large international branch network and increasingly engaged in banking operations. In 1964, it merged with Twentsche Bank to form Algemene Bank Nederland, itself a predecessor of ABN AMRO.

History

The NHM was a private company which issued publicly traded shares. According to the king, the NHM would act to leverage economic activity and encourage the development of national wealth. However, in practice it came down to expanding existing trade, by gathering data and searching for new markets as well as financing industry and shipping. Its close association with the Dutch government meant it played an important role in the development of trade between the Netherlands and the Dutch East Indies.[1] Its former headquarters in De Bazel in Amsterdam houses the Amsterdam Archives today.[2]

The NHM is sometimes called the successor of the Dutch East India Company or VOC, as it was also a private company that issued shares and financed trade with the Dutch East Indies. The establishment of the NHM can be seen as an attempt to bring new impetus to trade with the Dutch East Indies after the depression of the years of French domination (1795–1814), and the final collapse of the VOC two decades earlier. With playful reference to the greatness of the VOC, the NHM was colloquially known as Kompenie Ketjil or the "little company".[citation needed]

The NHM financing of trade and shipping led to the development of a network of branches which increasingly engaged in financing and banking operations. The network extended throughout South East Asia and on the trade routes between the Netherlands and the Dutch East Indies and the NHM continued to extend its network into the 20th century. It lost a number of its branches when the Indonesian government nationalised them in 1960 to form a new locally owned bank, but by then had branches in many other parts of the world.

Time line

Buildings

The building at Vijzelstraat 32 in Amsterdam known today as "De Bazel"is named after its architect Karel de Bazel. It was originally built in 1919–1926 for the NHM and it is decorated with many details reminiscent of Indonesia, most notably the brickwork, which earned the building the nickname "spekkoek" It was later repurposed as the Amsterdam Archives.

See also

References

  1. ^ (Dutch) explanation of building[permanent dead link] in Amsterdam Archives
  2. ^ Amsterdam Archives Archived 2009-06-14 at the Wayback Machine
  3. ^ Eastern Daily Mail (8 Mar 1906)

External links

Authority control databases
Categories