English Translation

2 Ministerial Director Dr.Engel. at the moment Prag, 35.III.1939 to Mr. Subject: Activity Report 76952 here: Pay policy. On 34.III. a meeting in the Ministry of Commerce to which President Kehrl had invited was held again on the issue of wages and prices. Representatives of the Reich Commissioner for Price Formation, the Reich Food Ministry and the Reich Finance Ministry took part in the meeting. The undersigned was represented by the Chief Government Councillor Schmilinsky. President Kehrl stated that on Monday 30.III. in Berlin it was finally decided to fix the value of the crown on lo Rpf. The Prime Minister had already signed a decree to this effect. The decree was currently before the Czech ministries and. President Kehrl further stated that according to the findings of the Reich Commissioner for the formation of prices, the current prices could not be kept. The Prime Minister had stated that in no case the prices are ahead of wages.