English Translation

216 This sale, without knowing an official body, was initially put out of force by our influence on the partners. Negotiations with the two first interests of the Swiss "Merkur" and the German "Allgemeine Elementar" are currently ongoing.It is expected that each of the two institutions will have to take over 5O% of the share package, whereby the purchase price of the "Mercury" would have to be paid in free currency.The two institutions have been required to conclude a contract with Legiobank until 27.7.1940, otherwise these two institutions would be definitively disqualifying as interests. It then remains to be decided who acquires the "Linde" shares.Due to the sale agreement between the Böhmisch-Mährische Bankschafts and the "Prager Städtische", which has been effectively concluded under private law, this institution has acquired a value.Mr Reichsminister a.D.Dr.Schmitt, Director General of the Munich Reinsurance Institute, has committed himself to a transfer to this company. As a further buyer, the Deutsche Ring is eligible. Against the acquisition of the shares by the Deutsche Ring, GM3M 1.) are the above-mentioned concerns, which go to the fact that the insurance portfolio is hollowed out in a relatively short time and thereby indirectly achieves an unwanted strengthening of the Czech insurance system, this would also not change the fact, that the German Ring initially leaves the "Linde" insurance externally untouched. 2.) the admission of the German Ring would strengthen the translation of the insurance system of the Protectorate, which is no longer portable even today, especially in the German sector.The German insurance institutions can work with certain success only in German Krei- s. There is already an unhealthy competition there,