RUSSIANS SPONSORING LOAN OFFERS TO GERMAN FIRMS

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP82-00457R000300690004-3
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 3
• Document Creation Date: December 14, 2016
• Document Release Date: December 17, 1998
• Sequence Number: 4
• Publication Date: November 30, 1946
• Content Type: IR

Approved For Release 2RDP82-0045TROOO . 0690004-3
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CENTRAL INTELLIGENCE GROUP
INTELLIGENCE REPORT
COUNTRY Germany (x-aws s n Zone)
SUBJECT Russo Sponsoring L *= Offers to Gen an n Fps
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ORIGIN
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DATE' 25X1 X6
INFO~
DT.. 24 February 1947
PAGES 2
SUPPLEMENT
? ry The following l.e t: ter, dated 21 November 1946, was received by the
pane: Scr-oellcr & Bausch, Neu Kaliss, from the Legal and
Finance De art tent of the State Administration of ecklenburg-
Vorponm erla- It w . signed by Loehr of the Economic Branch,,
"The State Administration is prepared to grant you an interest-free
loan of 2AOOOcOOO to be used for the. reconstruction of your facto-
ry. a' is loan is for five yer-rs,, after nhi_ch time arrangements will
have to be made concerning terns of repayment
you please open a. separ- to bankirng -:count; giving the Economic
Branch of the State Administration the right to block the account.
Also., pi.e:e give me the particulars concerning this account, sending
a:ne a confirmation from the Finance Institute as to the blocking entry
-a oi:' tee Fcor.om c (Branch of the St to Pd"Inlstrationg where-
jr+ r: f J:aa '. l cTdt 'the sum o f 7 2,OOC1?()0 R IL', the La.rideshaupt-
kassc to the ne_wwac CoY,nt
. bur? firm will require the consent of the Economic Branch for ?ith-
~.,,awa1s, .. seer raving submitted a statement shoring how the money
.1 be utii1ized.
' # eA looking for raid to your reply by return mail.."
The loan in cauestion was not solicited by Schoeller & Bausch. Upon
receirt of t ds letter, the firm sent representatives to discuss the
matter with Mr. Loehr, The representatives were told that, on sug-
gestion of SP.''A Schweri na the State Adrministrp.tion is offering loans
to a few ff ~?;~s .,hics have been selected by the Russians. They also
le?irned that the money stems from a fund to which only the Russians