THE SECRETARY TO THE RUSSIAN PROTECTOR IN THINGS AND IN MORAVA, PRAGUE, inv. 1294, sig. 109-4/1048

Page 14

English Translation

7a - 12.- given this need in increased mass. It must also be seen as right from the tax payer's point of view if the city now provides the financial armament for the only delayed measures and not at a time when the new investment option in all areas, including the individual citizen, calls for increased financial needs, with extended tax requirements, is approaching citizenship. There could therefore be only one question for the financial management : would the total amount available be allocated to the reserves or some of it be used for the extraordinary debt redemption ? If the decision was taken in favour of a roughly uniform consideration of the two possibilities, this was to be attributed to the fact that Gie internal debt of the city is a relatively high one and thus the funds acting as creditors are to a large extent deprived of the possibility of their intended use. The redemption of these internal bonds also means a strengthening of reserves. In addition, the abolition of the conversion account for foreign investors requires the repayment of the remaining conversion loans, which are also suggested in the audit report of the Ministry of the Interior of the Reich, to be made available. 11502