English Translation

7 Kreditanstalt der Deutschen registrierte Genoffenschaft mit beschränkter Hastung Ganptansat: Prag ll., sratauergafse 11 File Notes. June l939, we made a request to the Finance Ministry in Prague for permission to set up a branch of our institution in Pilsen, as the Deutsche Spar- und Vorgrüßkassasse (German Savings and Advances Bank) in Plzen, registered cooperative with unlimited liability in Plsen, has approached us for the purpose of carrying out the merger with our institution. In this request to the Ministry of Finance, we put ourselves on the stand púnkt that the establishment of a branch of our institution in Pilsen does not actually fall under the branch establishment ban, because with regard to the liquidation of the German savings and advance cash register in Pilzen, an increase in money institutions on Pilsener Platz cannot be talked about. We have a great interest in obtaining this authorization, as long as our institution with the headquarters of the main branch in Prague is recorded in the commercial register of the Prague District Trade Court. The liquidation of the German savings and advance cash in Pilsen and its merger with our institution takes place not only at the request of the two institutions, but also at the wishes of the Pilsner German population and the party circles there; this probably mainly because the German saving and advance money cash in Plzen is healthy, but with a balance sheet total of 6 million K the necessary loans can not be provided for the German small business and the trade in Plsen. For this reason, we have already provided the German Savings and Advances Bank with a special contribution of K 5oo.oo.- a few weeks ago, but this contribution is not sufficient in the long term and, on the other hand, it cannot be increased by our institution with regard to the balance sheet total of the aforementioned cash deposits.Except for the German saving and advance cash banks, there is no German money institution at Pilsner Platz and in the surrounding area, which would be in Prague for the granting of these necessary small loans and on the one hand the German stock banks /Bebca,B.U.B. Prague, 30 June 1939. M 57