1 Gulden Dutch Administration

The Algemeene Nederlandsche Maatschappij — known in French as the Société Générale des Pays-Bas — was founded in 1822 under William I of the Netherlands as a state-backed financing vehicle, originally intended to manage government debt and stimulate industrial investment in the southern provinces. Its note-issuing function was a secondary instrument of that broader economic policy, not the bank's primary purpose.

Brussels was then still part of the United Kingdom of the Netherlands; the Belgian Revolution that would sever the south from the north was still four years away. Notes from this 1826 series were denominated and circulated across a territory that ceased to exist as a political unit before many of them could have worn out.