
The grand pensionary (Dutch: raad(s)pensionaris) was the most important Dutch official during the time of the United Provinces. In theory he was only a civil servant of the Estates of the dominant province among the Seven United Provinces: the county of Holland. In practice the grand pensionary of Holland was the political leader of the entire Dut...
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http://en.wikipedia.org/wiki/Grand_pensionary

A Grand Pensionary was formerly an officer of the Dutch Republic, or rather of the Province of Holland. In the great towns of the Dutch Republic the first magistrate was called a pensionary, from the fact of his office being a paid one. The grand pensionary was the secretary of state of the Province of Holland. He held office for five years, and wa...
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http://www.probertencyclopaedia.com/browse/CXGA.HTM
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