English Translation

3a High Ministry of Finance in Prague ! The German savings and advance cash desk in Pilsen, re- gistrated cooperative with unlimited liability, has approached our institution with the proposal to unite with us in the merger process. However, since we do not have a branch in Pilsen, we cannot enter into negotiations on this Pusion until we have received the approval of the High Ministry of Finance to open a branch at Pilsen. We also believe that the planned establishment of a branch of our institution in Pilsen does not fall under the prohibition of § 19 of the Act of 2./3.l933 No. 44 Coll.d.G. & V. in the version of the Government Ordinance of 17.l2.l938 No. 340 Coll.D.G u.V. This is because it is not a start-up, but merely an assumption of the agenda of the German savings and advance cash desk in Pilsen, registered cooperative with unlimited liability, in the merger way and the latter institution ceases to exist after the liquidation. 97373 <ar@ C