Word: cultuurbank
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Each day brought reports of new seizures of Dutch properties. Thirty Dutch-owned steamships were seized in Indonesian waters. Dutch property transfers were placed under stringent control. In Djakarta the Nederlandse Cultuurbank and the last of the "Big Five" Dutch export-import firms were taken over by Indonesian management. The central government ordered some 500 Dutch agricultural estates throughout the islands (sisal, palm oil, spices) placed under the supervision of the Indonesian Ministry of Agriculture...
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