REDUCTION OF APPROPRIATIONS AND PERSONNEL IN SHIPPING CONCERNS

Document Type: 
Collection: 
Document Number (FOIA) /ESDN (CREST): 
CIA-RDP80-00810A005800240002-3
Release Decision: 
RIPPUB
Original Classification: 
S
Document Page Count: 
1
Document Creation Date: 
December 21, 2016
Document Release Date: 
June 17, 2008
Sequence Number: 
2
Case Number: 
Publication Date: 
February 8, 1955
Content Type: 
REPORT
File: 
AttachmentSize
PDF icon CIA-RDP80-00810A005800240002-3.pdf43.34 KB
Body: 
Approved For Release 2008/06/17: CIA-RDP80-0081 OA005800240002-3 INFORMATION REPORT This matulal contain. information alsotiai the Na. tional Deism of the United 01atS within the msla- lad or the llolomfis Lava, no* 1$. U.S.C. etoa. IN and M. the tmnsaifflon or revaation of whbh In any manaw to an unau*arl.fd ysson in pohibitad by law. SECRET/U.S. OFFICIALS ONLY Hungary Reduction of Appropriations and Personnel in Shipping. Concerns REPORT DATE DISTR. 8 February 1955 NO. OF PAGES 1 25X1 REQUIREMENT NO. RD REFERENCES THE SOURCE EVALUATIONS IN THIS REPORT ARE DEFINITIVE. THE APPRAISAL OF CONTENT IS TENTATIVE. (FOR KEY WE REVERS) 1. Due to the serious economic crisis in Hungary, there has been a large-scale reduction of employees and appropriations in all factories, workshops of Meszhart and other shipping concerns. 2. The shipping department of the Ministry of Mail and Communications put up a require- ment for 80,000,000 forints in 1954 for 12 concerns which are engaged in building and repairing ships. This sum was not accepted by the Ministry of Finance and the 25X1 amount was reduced to 26,000,000 forints. This sum is to be divided amongst the 12 concerns for the coverage of all costs. this sum is totally inadequate and serious difficulties are25X1 o sen in e ure in the construction of new shipping. The Minister of Finance K&roly Olt, who is on leave in Moscow, is more in favor of rail transport, and in consequence a content friction exists between the Ministry of Mail and Communications and the Ministry of Finance on shipping problems. SECRET/U.S. OFFICIALS ONLY I fTATt ARMY IXINAVYIX AIR FBI AKc (NOTE, Wu t.Mgtsn d1awbvHan MHkolar -y ")r 'j F eldl owbVIlfn -y ?*?i Approved For Release 2008/06/17: CIA-RDP80-0081 OA005800240002-3 ;71