English Translation

-9 - 163 4.) In order to bring the BMB into line with the performance of the Deutsche Reichsbahn, it is necessary to carry out an extensive construction programme, which includes, in particular, the reinforcement of the superstructure, the construction of overhaul tracks on the transit lines and the improvement of the sewerage systems. The funds for these investments could be procured by this company itself by borrowing after the planned reorganization of the company BlB. A considerable relief in the borrowing of these bonds would mean that the Deutsche Reichsbahn with its large financial fund would take over the guarantee for the loans.