Alas, these two latter provisions were never implemented.
Instead, the provinces continued the practice under the Habsburg rulers that the provinces paid a fixed quotum (the repartitie) of the budget.
The "constitution" of the new Republic, the Union-of-Utrecht treaty of 1579, tried to lay the basis of a revolutionary new fiscal system.
It put in place a rudimentary confederal budget system that charged the Raad van State (Council of State Furthermore, it prohibited internal tariffs and other taxes discriminating against residents of other provinces.
Holland was now able to establish credit of its own, as the province was able to retire bond loans previously placed under compulsion as enforced loans.
By this it demonstrated to potential creditors it was worthy of trust.
Those were able to withstand the onslaught of the royalist forces militarily, because of the fiscal basis they had built in previous years.
Of course, they now withheld the subsidies to the central government their taxes were supposed to finance.
In contrast to that general history this is a sectoral history, concerning the fiscal and financial sector.Institutions like the Amsterdam stock exchange, the Bank of Amsterdam, and the merchant bankers helped to mediate this investment.In the course of time the invested capital stock generated its own income stream that (because of the high propensity to save of the Dutch capitalists) caused the capital stock to assume enormous proportions.The financial history of the Dutch Republic involves the interrelated development of financial institutions in the Dutch Republic.The rapid economic development of the country after the Dutch Revolt in the years 1585 - 1620 accompanied by an equally rapid accumulation of a large fund of savings, created the need to invest those savings profitably.