English Translation

40a -09- As far as municipal reserves are concerned, the financial statements show a significantly higher level, i.e. K 424.2, while the level at the end of 1940 was ......" 305.6a. This is mainly a review of the accumulated surpluses of the municipal contributions from the previous years, which were previously recorded in the current account, to the reserve account, namely the reserve for the redemption of bonds, the amount of K loo,O and the newly created financial compensation reserve, the sum of K 18,2. Otherwise, the existing reserves were strengthened by donations to the extent that the announcements of the municipal assets were allowed and, on the other hand, the amounts required for the preparation and maintenance work were taken from them in accordance with the determination of the reserve concerned. Arch 11535