English Translation

36 2 the structural transformation of the existing German housing cooperatives, or where dics is not possible, the re-establishment of German housing companies is necessary As the most favourable form of a non-profit housing company, I consider the company with limited liability. (a) First of all, I ask the existing German construction cooperatives which intend to participate in the construction of the Velks Germans in the future and, in accordance with their economic conditions (capital and reserves), are able to proceed with the proposal to convert them into a limited liability company according to the existing provisions. It would be particularly useful if two German construction cooperatives, with the participation of the German municipalities, joined together to form a company m.b.H. and extended the scope of operation of the GI over the territory of the municipality concerned or of the Oberlandrat district. This not only makes the management of the company more economical, but also strengthens its position in the procurement of mortgage loans, etc. , towards real credit institutions .