Twelfth Report on the Activities of the Monetary Committee

Abstract

The purpose of this report is to give a brief account of the activities of the MonetaryCommittee during the period from 15 May 1969 to 30 June /970.During this period, the Committee held nineteen meetings and its working parties met onmany occasions.Following the departure of Jonkheer Mr. E. van Lennep, appointed Secretary-Generalof DECD, the Committee, at its meeting of and 10 January /970, unanimously electedas Chairman M. B. Clappier, Deputy Governor of the Banque de France,for the remainderof M. van Lenneps term of office, and as Vice-Chairman Professor W. Drees, Treasurer-General in the Netherlands Ministry of Finance, for the remainder of M. Clappiers term.A list of the members of the Committee is annexed.The report was adopted on 30 June /970. /t takes no account of subsequent monetary andfinancial trends or measures in or outside the Community.