English Translation

37 ~53 - Chapter XII - Debt shows - as a result of the reduction in the rate of interest from the bonds made by the financial director with the money institutions, as well as the reduction of the rate from so-called internal bonds (from the pension fund, pension fund of the electricity enterprises etc.) and as a consequence of the transfer of the bonds of the waste incineration plant to the electricity undertakings - against the estimate a saving in the amount of ....... ..................................K 11.971.735.83. As a result of the reduction in the rate of interest mentioned above, the replacements of individual budget chapters are also lower than the estimate by ..K 12.52.488.78, i.e. the savings come into effect in these chapters. The result in Chapter XII, on the other hand, is 620,752,95 more unfavourable, mainly because the replacement of the annuity service from the expenses to the home for the payers of the welfare homes in Reuth was not carried out in the amount of K 742,500.--- by invoice. The reduction in the rate of interest from bonds could not be fully reflected in the above results in the year 194l, since the latter did not take place until the end of the year.