English Translation

19 Januer 1942 The Oberlandrat I 44.11 Office of the Stharsleknetir baan Neciso dtphior in Bthmn and Mahcgn. Elag. 23 UN. 1942 To the Lord Reichsprotector in Bohemia and Moravia in P r & Subject: Budget of the capital Prague. In my recent Vortreg with President Schmid- ertättent with the Lord Unterstaatsekretär were also briefly touched on the financial issues of the city. On the basis of the budget I have before me for 1942, I will not allow the following to be added: 1./ Debt relief in Prague Infolg- eber regular repayment of 5 million ECU and an extraordinary repayment of million ECU; 6l million ECU could be reduced to 2.223 million kroons last year. A considerable reduction in debt servicing has now been achieved by using the current cash flow to reduce interest rates, which amounted to up to 6%, and the Nornel rate is now 41%. In order to achieve a further reduction in interest rates and to stabilise the debt obligations of the municipality, the competent authorities were requested to issue a 4 % conversion loan of 1 million K. In financial year I942, further exceptional debt repayments of 2 million K are envisaged. Geneinde's debt in St. S.H-3/42