English Translation

W - 7 - Price regulation of December 1994l Thus, as a result of the tense situation on the labour market, the increases in wages and salaries in importance, which exceeded the extent prescribed by regulations and were therefore not allowed to be passed on, were also valid for the increase in costs resulting from the measures taken to supply workers and employees. However, many companies which carried out well-known plants achieved satisfactory profitability. Industrial plants were mainly carried out only where the permitted prices promised sufficient benefits, or where the government allowed depreciation at an accelerated pace in the interests of the war economy or public supply, whereas in those industries whose production declined, profitability also declined as a result of the failure to exploit full capacity. However, in many companies, profitability has improved in many cases as a result of the beneficial exploitation of their ancillary and waste products. Hungarian industry has already reached a level which makes it seem outdated to address Hungary as a pure peasant state, as is still the case in some cases. In principle, Hungary of the year 1943 is an industrial-agricultural state, in which the commercial sector is constantly increasing in importance. This shift in the heavyweight from agriculture to industry was already indicated before the war, but it experienced further enormous upswing through systematic transfer of orders. Considering that Hungarian industry, as a prerequisite for the takeover of German relocation contracts, often had to carry out important plants of the most modern kind, one will have to reckon with the efficiency of the local industry even after the war. At the coming industrial closure of the Balkans, we will find Hungarian industry as a partner at our side, whether we invite it or not. The number of factories increased from 3,910 in 1938 to 5,379 in 194l. This increase in factories. Industrial equipment is by no means the result of the regional reclassifications that Hungary has experienced since 1 938, because, with the exception of Upper Hungary, these were mostly areas of agricultural character, as was the case with the Batschka. The design of the factory industry was carried out during the above-mentioned four years mainly in the territory of Innererngarn. Since 1939, wages have been officially increased by 30 %, but in reality by 50 to 70 %. Highly qualified skilled workers, who earn up to 600 pengö per month, were able to escape a substantial deterioration in their real wages, unless the food additives force a decline in the peaceful attitude to life. However, these highly paid skilled workers in Hungary's workers' pyramid are only the top of the list. The main mass of the labour force is composed of underqualified or unskilled, which the latter have to divorce with an approximate monthly earnings of l80 - 200 pengoes. - 8 -