English Translation

104 Depreciation of the gold cover ratio from the money-denominated bond equivalent to the Reichemarkverten in the possession of the National Bank. Practically, this regulation will mean that the National Bank can provide, without being legally bound to a ceiling of the maximum value of which it receives in Reichemark, the legally prescribed gold cover ratio, which is of the greatest importance for the confidence of the protectorate population in the crown, remains formally unchanged (bank card!). In practical terms, this new regulation points to the fact that the National Bank in Prague spends crowns that are not subject to gold cover on the basis of Markguthabon. It is self-evident that the continued proliferation of dos money in the Protectorate - caused by the irmer verdenden unilaterally by the protectorate's achievements to the empire! - a trend towards price stiffening, which will continue to intensify. However, since unilateral deliveries of dos protectorates can be dispensed with the longer the less, this unpopular declaration must be accepted in purchase, the task of the group price formation is to use the apparatus of the upper price groups and their substructure, which is not sufficient, to allow for inflation at least in the consumer goods sector. It goes without saying that the increase in the circulation of money in the Protectorate finds its limit at the point where it becomes a danger to economic life and thus to the supply of arms to the empire. At this point in time, it is only up to the Office of the Reichsprotector, where the National Bank has the discretion to make the imminent dangers inconceivable. Thus, with the amendment to the Bank Act, which was approved by the Lord Reichsprotected in principle, achieved: 1. that the financing of the unilateral services of the Protectorate to the Reich in a limited amount is technically secured until further notice;