English Translation

103 This problom was first solved by the fact that the National Bank has advanced the funds, whereas it received a Markguthabon on the so-called interim account at the Reichsbank Tamt OT in Berlin. The result of this financing method was, of course, an ever-increasing expansion of the entire money in circulation in the Protectorate (perpetuated money lines of all kinds and giral funds). For the multiplication of the money circulation in the protectorate, the local bank geset has set an upper limit by its coverage regulations. The increase in the so d do d se d t d d d of the other side, necessary for the financing of the unilateral benefits, has led to the gold cover at the beginning of the year to approximately 29 % against 35.4 %. Since the introduction of the customs and monetary union on 1 April was expected at the beginning of the year, which provided financial support for the construction of the protectorate. It could be assumed that only a time gap of 50 million RM had to be bridged between the two parties. To this Zveck was helped with Kilfe of a very complicatedly constructed crediter of the protectorets banks in the amount of 50 millions RM for a short time. The cover ratio could be brought back to 36 percent. Postponement of the customs and monetary union ordered by the leader to an indeterminate date The aid, which was used from August 1939 to April of the same year, is essentially exhausted.The financing of the further unilateral benefits must now be put on a new basis, which is found in an amendment to the banking law. The amendment to the Bank Act; which was approved in principle by the Reichsprotektor on presentation, is intended to give the National Bank the right to calculate the - WC3