DR. STEINBAUER: What about the costs of occupation?
SEYSS-INQUART: As far as the civilian administration was concerned, Mr. Trip and I agreed that I receive 3 million guilders a month. Then there was another 20 million in fines in addition to that. During the first 3 years I saved 60 million guilders, which remained in the Netherlands as a special bequest.
As far as the cost of the military occupation was concerned, I had no authority to check that. The Armed Forces put in their demands to the Minister of Finance, and I then received orders to place the money at their disposal. During 1941, the Reich exacted indirect occupation costs. It took the point of view that not only the expenses which were incurred directly in the Netherlands should be paid for, but that the cost of preparations in the Reich should be borne too. Fifty million marks per month were demanded—partly in gold. Later this contribution was designated as voluntary assistance for the East...
THE PRESIDENT: Do you mean marks, or do you mean guilders?
SEYSS-INQUART: Marks, 50 million marks. Later on this contribution was called voluntary assistance for the East, for political reasons, but of course it was not so. Later on, the Reich demanded that this sum be increased to 100 millions, but I refused.
DR. STEINBAUER: Mr. Trip retired as General Secretary for Finance because the foreign currency embargo, which still existed at the time between Germany and the Netherlands, was lifted?
SEYSS-INQUART: Yes, that is correct. I received a request by my administration for the purpose of intensifying economic exchanges between the Reich and the Netherlands—to lift the foreign currency embargo so that, without having recourse to banks of issue, guilders could be exchanged for marks, and vice versa. The fundamental possibility of such exchanges had already been determined under Mr. Trip, but it was subject to the control of the bank of issue, that is to say, of the Netherlands Bank as well. Mr. Trip raised objections and I passed the matter on to Berlin. Berlin decided that it was to be carried out and Mr. Trip resigned. I appointed Mr. Rost van Tonningen, President of the Bank of the Netherlands, and I published the decree.
I wish to say that the President of the Reichsbank, Herr Funk, was against this procedure, and I can quote in explanation that at that time the effects could not be foreseen as turning out as catastrophic as they did later on. At that time the Netherlands were completely cut off, and the Reich had reached the height of its power. It was to be expected that the mark would become the leading currency in Europe, and that thereby the guilder would have been given the same importance. In February 1941, for instance, imports from the Reich into the Netherlands were greater than the exports from the Netherlands into the Reich. Reich Minister Funk always held the view that these were real debts, so that in the event of a different outcome of the war such debts which amounted to some 4½ billion would have had to be paid back to the Netherlands.
DR. STEINBAUER: If I understood you correctly, it was your General Secretary for Finance, Dr. Fischböck, who suggested this matter contrary to the wishes of Trip.
SEYSS-INQUART: I do not know whether the suggestion came from Fischböck alone. I presume that he must have talked it over with other people; but it was he who put the matter to me.