RESOLUTION ON STOPGAP CREDIT FOR THE MINISTRY OF MACHINE-BUILDING ( 2 PP; GERMAN; 19 NOV 51)

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP83-00415R010800180006-6
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 1
• Document Creation Date: December 15, 2016
• Document Release Date: November 29, 2001
• Sequence Number: 6
• Publication Date: April 3, 1952
• Content Type: REPORT

Approved For Release 2003/10/23 : CIA-RDP83-00415RO10800180006-6
SECOTT/CONTROL - Us a :'l LCD ONLY
SECURITY 1HO], = ?Pi0N
German IJemocratic Republic
RESOLUTION ON STOPGAP CI DLL' FOR THE MINTIST .l
25X1X
;,!1,,i;HINia-BUILDING ( 2 pp; German;
ewritte = ccument,da ed 19 November 1951 and classf ied
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The first page o
"Secret Government Matter' (Geheime itegierung ;sache) , presumably is a copy of a GUR government
resolution under which a stopgap credit was Tode available to the Ministry of Machine-Building.
The resolution reads:
1. According to the control report of =30 September 1951 the plants under the Ministry of
Machine-Building show nonplanned losses total- nn 68,061,000 DM.
24 The Deutsche Notenbank (German Bank o. Issue) is authorized to grant a special loan in
the above amount to the Ministry of hachine--Iii1ding. The State Budget (public treasury) will
guarantee the loan.
3,. A conm.ission,consisting of represen n ives of the Deutsche Notenbank, and of the
Ministries of Finance and Machine-Building, W11 be set up to investigate the causes for the
nonplanned losses of the Ministry of Machine- Ailding. The commission's findings are to be
submitted to the Ministerial Council by 15 W ember 1951.
The second page is a justification for t ie above draft resolution, as follows:
An analysis of the 30 September 1951 consr - report of the Ministry of Ochine-Building
shows that the Ministry's enterprises achieve! their planned goals in terms of production order
fulfillment. The lowering of costs by 5.1 perr;enn since the beginning of the year constitutes
an improvement of 0.9 percent as against 30 fine 1951. Underese circumstances it is believed
that the planned 026 6.87 percent cost reduo .ion. by the end of the year can be e}chieved.
The losses are, on the whole, the result of ncr rased social expenditures. For training and
education alone 73,523,000 DM were spent up to 303eptember 1951. According to the control
report the total loss as of 30 September 1951 was 120,921,000 DM as against a planned xmxXxxxt
1951 loss of 27,796,000 DM.
(This is a full exploitation of the document.7
foreign language document or microfilm of it
25X1A
is available from CIA Library
3 April 1952
25X1A
25X1
25X1A
,i;RL+T/CONTROL. - US OFFICIALS ONLY
Approved For Release 2003/10/23: CIA-RDP83-00415RO10800180006-6