English Translation

From Is Lalf, yednif, Mteas lie! Lit feren fastamo- mi lafpemfn- sfaffent gimiMriziafan Community Bank for Bohemia. 3 The work leading to the merger of the Czech Mortgage Bank and Landesbank is in full swing. The conditions within the joint management have been overcome by the German representatives, unless the Ministry of Finance and the Government of the Protectorate of Bohemia and Moravia, which are called out in this respect in accordance with Regulation ll3/4l as well as the statutes of the banks to the final right of decision, can be the actual merger carried out in about 1/4 years. In the course of the work leading to the merger, the German directors,Gen. Dr Kislin- ger and Dr Böhm, took stock of the plan to raise the public-law money institution to be created after the merger as a joint bank on a German basis, which would require the entrustment with the services of the Girozentrale. Following this direction, discussions were held with the Chief Executives Hofmann and Venzke, in which Dr. Dorer, acting head of the Moravian Mortgage and Regional Cultural Bank, was involved in a considerable way. In the meantime, however, the central bank of the savings banks (Oberdir.Dr.Wild) was trusted with the establishment of the Girozentrale and to fulfil this task of retirement.