English Translation

34 of the Public Property Insurance Institute Sudeten=land in Reichenberg, in agreement with Mr Reich= statthalter in Reichberg, has adopted this proposal. 3.) A number of other very relevant circumstances speak for the merger of the two companies. The sustainability of the insurance community is significantly increased by the merger of the two insurance bodies.The extension of the institution's insurance base by a reduction of the annual premium income to around 7 1/2 million Reichsmark according to the state of the middle of 1940 means a substantial increase in the security for the individual and the sustainability of a larger venture institution. The growing need for new workers in individual departments of the enterprise, which is constantly increasing as a result of the natural growth of the institution, can be met to a considerable extent by rationalization measures in different parts of the company after the merger of the two institutions. The maintenance of various special departments can only be justified by the merging of the two institutions into a large enterprise. Due to the collapse of a double external organization in large parts of the common area of activity resulting from the merger, considerable savings are achieved. The workers who are released may be re-employed either within the holding or transferred to the rest of the economy if they are in need of such resources.Reinsurance of the new general scheme may be redeployed in the light of the resulting factors. These different moments result in a completely new economic perspective, which has an impact on the last en= in favour of the policyholders of the institution.As a result of the merger, a reduction of the insurance contributions starting with 1st of January 1941 in the form of premium refunds can already be advocated today. However, on the basis of the existing regulations, this refund is likely to be allowed only in the Reichsgau Sudetenland. 4.) The reorganisation of the whole institution required by the merger shall be carried out in the light of the following measures : The apparatus of the Moravian-Silesian mutual insurance institution in Brno shall be converted after the merger into a state office of Moravian Silesia of the public insurance institution with a degree of self-administration within the framework of the entire institution. It will carry all the insurance stocks in the government district of Troppau, the Moravian part of the Protectorate including the genes of the Iglauer Sprachinsel in Böh= men and the part of South Moravia belonging to the Gau Niederdonau to the administration.