December 1923, Kolstad was informed that the large banks Bergens Privatbank and Den norske Creditbank were in grave financial troubles. The cabinet and a majority in the Parliament backed a plan by the Norwegian Central Bank to help the bank with liquidity, but Kolstad blamed the Central Bank for not having addressed the problem at an earlier stage and argued in favour of more political influence over the Central Bank. Health problems and death Kolstad suffered various health problems during his time as prime minister and was hospitalised in January 1932. He died of a blood clot on 5 March 1932. Jens Hundseid became prime minister for a new Farmers' party government on 14 March. Personal life and legacy Kolstad married Ingrid Mathiesen, daughter of an industrialist, in 1905. He was post mortem father-in-law to Liberal politician and women rights activist Eva Kolstad and the grandfather to film critic Harald Kolstad. He was interred at Tune churchyard. A road in Sarpsborg is named after him. In the book Norsk statsministre (English: Norwegian prime ministers) from 2010 edited by Gudleiv Forr and Per Egil Hegge, historians rated Kolstad as one of Norway's weakest prime ministers with a grade of 2 on a scale from 1 to 6. The historians put weight on how long the person served as prime minister in their evaluation. References Literature 1878 births 1932 deaths People from Fredrikstad Centre Party (Norway) politicians Members of the Storting Prime Ministers of Norway Ministers of Finance of Norway