English Translation

14a In principle, the most favourable and German solution, however, is likely to be difficult compared with the Czechs. Medium and upper buildings are summarized in a bank and there are no more than 9 institutes of the central building: 1. Central Association of (Czech) Agricultural Cooperatives, Prague, 2.Mährische Vereinigung der (Chechische) Vorgeldkassen, Raiffeisenkassen and Comradesknaften, Brno, 3. Vereins der (Czeche) Vorländkasses, Prag, 4, Landesverband der (tschechische) Industriel Vorschnußkasseen, Pragi 5. Zentralverein der (the Czech) Unterländische Vorlängkassens, Praga, 6. The Central Association of (Czech) Industrial Enterprises, Brno, 7th Raiffeisen Zentrallkassen, (German) Brno, 8th Association of German Occupational and Economic Enterprises, Brünn, 9th Regional Credit Fund, Prague (as far as it is active for cooperatives) would therefore need relatively little human resources for this solution. Technical difficulties, if any, due to direct traffic of the headquarters with the large number of institutes united in the substructure, should not be so great that it would not be possible to eliminate them. From a purely banking point of view, the creation of a share-based company would be the most expedient solution in which the entire monetary compensation and transfer transactions of agricultural and commercial cooperatives are combined. At this central bank, which is located at the moment. If the German Central Cooperative Fund were to take part in the protectorate of nine central banks, it would contribute a quarter of the company's capital to be measured at 50 million K to secure a permanent business relationship with the cooperative system in the Protectorate. The proposed transformation in the upper level of the credit cooperatives represents a significant improvement compared to the current state and also gives the possibility to influence the entire credit cooperative system in the protectorate in an agffelliger way on the German side. 41447 109-4 1267