English Translation

H 35 - Part of the losses resulting from the sale of premises in the assigned territory is not yet taken into account in balance sheets l938; their impact will be assessed only when the balance sheets for l939 have been available, which have not yet been completed. 5.) Summary assessment of the financial situation The financial situation of the groups can only be understood from the development. The central association of beet growers and the syndicate of beets farmers, through the purchase of sugar factory shares, wanted to gain influence on the sugar production and the beet market from the idea that the bee farmers of Moravia had to receive an appropriate price for their beet beet. In order not to claim too much for the small farmers by applying the necessary funds, the loans made available by the agricultural bank have been used to a large extent; only the urgent need for self-help has been considered; however, in financing the normal principles of a sound foundation have been taken into account. The financial situation can be regarded as good in the Zboro-witz-Kojetein and Austerlitz group. But here too the expansion efforts of the former owners have already led to the purchase of larger stock packages from other companies and thereby to determine resources. In the case of the other two groups (Göding and Tobit-schau-Zentralmährische Zuckerfabrik) the financial armaments must be described as completely inadequate.