A Guide to REPARATION PAPERS OF THE ALLIED POWERS REPARATION COMMISSION

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1 A Guide to REPARATION PAPERS OF THE ALLIED POWERS REPARATION COMMISSION

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3 A Guide to REPARATION PAPERS OF THE ALLIED POWERS REPARATION COMMISSION If- A MICROFILM PROJECT OF UNIVERSITY PUBLICATIONS OF AMERICA, INC Wilson Blvd. Arlington, VA Copyright O 1975 by University Publications of America, Inc. All rights reserved. ISBN

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5 REPARATION PAPERS Official Documents of the Allied Powers Reparation Commission Reell Statement of Germany's Obligations Under the Heading of Reparations (April 30,1922). Agreements Concerning Deliveries in Kind To Be Made by Germany U nder the Heading of Reparations ( 1922). Official Documents Relative to the Amount of Payments To Be Effected by Germany Under Reparations Account (Part 1: May 1, 1921-July 1, 1922). Statement of Germany's Obligations Under the Heading of Reparations (December 31, 1922). Report on the Work of the Reparation Commission ( ). Official Documents Relative to the Amount of Payments To Be Effected by Germany Under Reparations Account (Part 2:1923). Distribution of the Pre-War Austrian and Hungarian Debt (1925). Reports of the Expert Committees Appointed by the Reparation Commission (1924). Regulations for Deliveries in Kind (1925). Report of the Agent-General for Reparation Payments (May 30, 1925). Report by the Commissioner for the German Railways (First Half-Year of the Company). Report of the Commissioner of the Reichsbank (October 11, 1924-April 30, 1925). Report of the Commissioner of Controlled Revenues (October 1, February28, 1925). Report of the Trustee for German Industrial Debentures (October 1, 1924-February28,1925). Report of the Trustee for German Railway Bonds (October 1, February28,1925). Report of the Agent-General for Reparation Payments (November 30, 1925). 1

6 Report by the Commissioner for the German Railways (First Year of the Experts'Plan). Report of the Commissioner of the Reichsbank (October 11, 1924-August 31,1925). Report of the Commissioner of Controlled Revenues (March 1-August 31,1925). Report of the Trustee for German Industrial Debentures (March 1- August31,1925). Report of the Agent-General for Reparation Payments (June 15, 1926). Report by the Commissioner for the German Railways (September 1, 1925-May31,1926). Report of the Commissioner of the Reichsbank (September 1, 1925-May 31,1926). Report of the Commissioner of Controlled Revenues (September 1, March 31,1926). Report of the Trustee for German Industrial Debentures (September 1, 1925-February 28, 1926). Report of the Trustee for German Railway Bonds (June 1926). Distribution of the Pre-War Austrian and Hungarian Debt (Supplement: 1926). Reel 2 The Experts' Plan for Reparation Payments (Reports of the Committees of Experts; The London Agreements; The New Bank of the Reich; The New German Railway Company; The Industrial Charge; The External Loan) (1927). Report of the Agent-General for Reparation Payments (November 30, 1926). Report by the Commissioner for the German Railways (November 20, 1926). Report of the Commissioner of the Reichsbank (November 1926). Report of the Commissioner of Controlled Revenues (October 26, 1926). Report of the Trustee for German Industrial Debentures (November 15, 1926). Report of the Agent-General for Reparation Payments (June 10, 1927). Report by the Commissioner for the German Railways (June 1, 1927). Report of the Commissioner of the Reichsbank (June 4,1927). 2

7 Report of the Commissioner of Controlled Revenues (May 7, 1927). Report of the Trustee for German Industrial Debentures (May 15, 1927). Report of the Trustee for German Railway Bonds (May 31,1927). Report of the Agent-General for Reparation Payments (December 10, 1927). Report by the Commissioner for the German Railways (December 2, 1927). Report of the Commissioner of the Reichsbank (December 7, 1927). Report of the Commissioner of Controlled Revenues (October 26, 1927). Report of the Trustee for German Industrial Debentures (November 15, 1927). Report of the Agent-General for Reparation Payments (June 7, 1928). Reel3 Report by the Commissioner for the German Railways (June 1, 1928). Report of the Commissioner of the Reichsbank (June 5, 1928). Report of the Commissioner of Controlled Revenues (May 10, 1928). Report of the Trustee for German Industrial Debentures (May 15, 1928). Report of the Trustee for German Railway Bonds (June 1928). Report of the Agent-General for Reparation Payments (December 22, 1928). Report by the Commissioner for the German Railways (December 2, 1928). Report of the Commissioner of the Reichsbank (December 10, 1928). Report of the Commissioner of Controlled Revenues (October 26, 1928). Report of the Trustee for German Industrial Debentures (November 15, 1928). Report of the Trustee for German Railway Bonds (October 26, 1928). Report of the Committee of Experts (1929). Report of the Agent-General for Reparation Payments (July 1, 1929). Report by the Commissioner for the German Railways (June 28, 1929). Report of the Commissioner of the Reichsbank (July 1,1929). Report of the Commissioner of Controlled Revenues (June 21, 1929). Report of the Trustee for German Industrial Debentures (June 15, 1929).

8 Report of the Trustee for German Railway Bonds (June 29,1929). Report of the Agent-General for Reparation Payments (May 21, 1930). Report by the Commissioner for the German Railways (December 14, 1929). Report of the Commissioner of the Reichsbank (December 23, 1929). Report of the Commissioner of Controlled Revenues (November 20, 1929). Report of the Trustee for German Industrial Debentures (November 15, 1929). Report by the Commissioner for the German Railways (May 10, 1930). Report of the Commissioner of the Reichsbank (May 17,1930). Report of the Commissioner of Controlled Revenues (May 17, 1930). Report of the Trustee for German Industrial Debentures (June 17, 1930). REPARATION PAPERS Documents of the Economic Service of the Reparations Transfer Committee Reel 4 1 Note by Mr. Frere on the Improvement in the Foreign Exchange Market in Germany and the New Regulations for Foreign Business. 2 The Returns of the Reichsbank (October 7,1924). 3 The Returns of the Golddiskontbank (October 31-November 15, 1924). 4 The Balance Sheet of the Golddiskontbank (November 23, 1924). 5 Ten Days' Returns of the Reichshauptkasse (November 1-10, 1924). 6 The Finance Policy of the Reich (Interview with Dr. Luther). 7 Public Opinion and the 26 Per Cent Tax on German Exports (Recovery Act).

9 8 Proposals for Reduction of Taxes in the States and Communes. 9 The Returns of the Reichsbank (November 22,1924). 10 [Not Published.] 11 The Present Financial Situation of the Reich. 12 The Question of the Rentenbank-Kreditanstalt. 13 The Weekly Returns of the Golddiskontbank (November 29, 1924). 14 The Returns of the Reichsbank (November 29,1924). 15 Returns of the Reichshauptkasse (November 1924). 16 The "Gold" Balance Sheets of the Four "D" Banks: Darmstadter und National Bank, Dresdner Bank, Deutsche Bank, Diskonto Gesellschaft. 17 The Constitution of the Steel Trust (Rohstahlgemeinschaft). 18 Foreign Capital in Germany. 19 America's Need for Foreign Investment (by Sir Josiah Stamp). 20 Weekly Balance Sheet of the Golddiskontbank (November 6, 1924). 21 Position in Regard to the Public Debt of the Reich (Internal and External) on October 31, Balance Sheet of the Rentenbank on November 30, The Returns of the Reichsbank as on December 6, Short Note on the Financial Relations Between the Reich, the States and the Communes. 25 Dr. Schacht's Speech of December 15,1924, to the Bankers. 26 Weekly Balance Sheet of the Golddiskontbank for December 15, Distribution of the Charge Imposed on German Industry. 28 The Returns of the Reichsbank as on December 15, Note on the Provisional Balancing of the Budget for the Financial Year (Law of July 28, 1924). 30 The Returns of the Reichsbank as on December 31, Weekly Balance Sheet of the Golddiskontbank (December 23, 1924). 32 Proposed Nachtrag (Supplement) to the Budget for the Financial Year Adopted by the Reichsrat on November 21, Receipts of the Reich for the Month of November The Last Weekly Balance Sheet of the Golddiskontbank (December 31,1924). 35 The Returns of the Reichsbank as on December 31,

10 36 The Returns of the Reichsbank as on January 7, Balance Sheet of the Rentenbank as on December 31, The Returns of the Reichsbank as on January 15, Professor Cassel and Dr. Dernburg at the Annual Congress of the "Association of Private Bankers in Germany." 40 Taxation Receipts of the Reich for December The Movement of Funds of the Reichshauptkasse During the Month of December The Returns of the Reichsbank as on January 23, Lecture by Professor Cassel at the Congress of "The Association of German Private Bankers" (German Criticisms). 44 Note by Mr. Gaillet-Billotteau on the Deutsche Verkehrs-Kredit- Bank. 45 Note by Mr. Gaillet-Billotteau on the Present Position and Conditions in Regard to Credit in Germany. 46 The Returns of the Reichsbank as on January 31, The General Regulations of the Ministry of Finance Governing the Acceptance of Foreign Credits by German Business Men. 48 Public Debt of the Reich as at December 31, The Monthly Balance Sheet of the Rentenbank as on January 31, The Returns of the Reichsbank as on February 7, The Effects of Foreign Credits upon German Economic Life. 52 The Returns of the Reichsbank as on January 31, Taxation Receipts of the Reich for the Month of January Control Foreign Loans Contracted by the States and Communes. 55 The Movement of Funds at the Reichshauptkasse During the Month of January Observation on the Ruhr Compensation. 57 Reduction in the Discount Rate of the Reichsbank. 58 The Return of the Reichsbank as on February 23, The Draft Budget of the Reich for The Return of the Reichsbank as on February 28, The Revalorisation of Debts in Paper Marks. 62 The Monthly Balance Sheet of the Reichsbank as on February 28, The Scheme for Organizing the Rentenbank-Kreditanstalt. 6

11 64 Return of Public Debt of the Reich. 65 Bill on the Beer Tax and the Tobacco Tax. 66 The New Tax Bills of the Government. 67 Note by Mr. Gaillet-Billotteau on the New Tax Proposals. 68 The Movement of Funds at the Reichshauptkasse During the Month of February Note on the Scheme for a Financial Settlement Between the Reich, the States and Communes. 70 The Payment of Reparations and German Economy. 71 Receipts of the Reich for the Month of February Estimated Expenditure on Staff by the Reich, the States, the Communes, the Reichsbahn, the Reichspost and the State Undertakings. 73 A Speech by Mr. Decamps on the Transfer Question. 74 The Memorandum on the Loans of the Reich for The Public Banks, the Effect of Their Activities on Credit and the Policy of the Reichsbank. 76 The Situation of the Reichspost. 77 Extension until September 30, 1925 of the Finanzausgleich (Arrangement with Regard to the Distribution of Revenue) Between the Reich, the States and the Communes. 78 The New Bills of the Revalorisation of Paper Mark Debts. 79 Law on the Payment of Official Salaries by Quarterly Installments. Year Law Concerning the Provisional Budget for the Financial Year The Monthly Balance Sheet of the Rentenbank as on March 31, The Reichsbank Report for the Financial Year The Placing of German Mortgage Bonds on the American Market. 84 Receipt of the Reich from Taxation for March 1925 and for the Financial Year The Movement of Funds at the Reichshauptkasse During the Month of March Return of the Public Debt of the Reich as at February 28, The Employment of Public Funds in Private Business (a Paper Read by Dr. Schroeder). 88 The Monthly Return of the Rentenbank, April 30,

12 89 The Memorandum of the Government of the Reich on the Proposal To Tax Inflation Profits. 90 Summary of the Speech in the Reichstag by Dr. von Schlieben (Finance Minister of the Reich) on April 30, Speech Made by the Finance Minister Before the Budget Committee of the Reichstag. 92 The Revalorisation Bills in the Reichstag. 93 German Government Memorandum on Staff Reductions in the Service of the Reich. 94 The Public Debt of the Reich as at March 31, The Problem of Credit in Germany (Summary of a Lecture Delivered by Dr. Hirsch, Former Secretary of State, to the Society for Monetary and Financial Reform). 96 The Report of the "Deutsche Rentenbank" for The Movement of Funds at the Reichshauptkasse During the Month of April Receipts of the Reich from Taxation for April Second Law on the Provisional Balancing of the Budget for the Financial Year The Monthly Return of the Rentenbank, May 31, Estimate of Volume of Business Done on a Basis of the Receipts from Turnover Tax. 102 Situation in Regard to the Public Debt of the Reich as at April 30, The Movement of Funds of the Reichshauptkasse During the Month of May Transitional Tax Law (Steueruberleitungsgesetz) Regulations for the Income Tax and the Tax on Corporations During 1924 and The Credit Policy of the Rentenbank (a Speech by Dr. Schacht). 106 Tax Receipts of the Reich for May Tax on Motor Vehicles. 108 Table of Sums of Sinking Funds and Interest Payable on Various Items of the Public Debt, During the Period from July 1, 1925 to December 31, Provisional Results of the Census of the Population of the Reich. 110 The Position of the Public Debt of the Reich as at May 31, The Movement of Funds at the Reichshauptkasse During the Month of June 1925.

13 112 The Returns of the Rentenbank as at June 30, Introduction to the Regulations for Deliveries in Kind for the Use of French Buyers. 114 Discount and Currency Policy of the Reichsbank. 115 The Statistics of Unemployment in Germany. 116 Law of July 16,1925, on the Liquidation of Public Loans. 117 Tax Receipts of the Reich for June The Establishment of the Rentenbank-Kreditanstalt. 119 The Policy of the Reichsbank in Regard to Reserves. 120 The Diskonto-Gesellschaft on the Transfer Problem. 121 Statement by Geheimrat Kastl on the Output and Markets of Germany. 122 The Mining Industry of the Ruhr (a Memorandum of the "Association of Mining Interests" of Essen). 123 The Movement of Funds at the Reichshauptkasse, During the Month of July The Debts of German Agriculture Before the War and Now. 125 The Circulation of Bills in Germany. 126 The Return of the Rentenbank as at July 31, Law of July 9, 1925 on Foreign Borrowing by Communes. 128 The German Mortgage Banks Before the War and Now. 129 The Position of the Mining Industry in the Ruhr. 130 The Receipts of the Reich for the Month of July Law on Income Tax (Einkommensteuergesetz) of August 10, The New Taxation Laws. 133 Law Concerning Reciprocal Taxation Rights of the Reich, the States and the Communes, of August 10, 1925 (Gesetz über die gegenseitigen Besteuerungsrechte des Reichs, der Länder und der Gemeinden). 134 Law in Amendment of the "Finanzausgleich" (Allocation of Revenue) Between the Reich, the States and the Communes of August 10, (Gesetz über Aenderungen des Finanzausgleichs zwischen Reich, Länder und Gemeinden).

14 Reel5 135 The American Loan of the Rentenbank Credit Institution and the Negotiations of the Girozentrale. 136 Assessment Law of the Reich of August 10, 1925 (Reichsbewertungsgesetz). 137 Law in Amendment of the Taxes Dealing with the Movement of Capital and the Procedure Before August 10, 1925 (Gesetz zur Aenderung der Verkehrssteuern und des Verfahrens). 138 The Balance Sheet of the Rentenbank as on August 31, Law Concerning Taxes on Real and Personal Property and Successions of August 10, 1925 (Gesetz über Vermögen- und Erbschaftssteuer). 140 Corporation Tax Law of August 10, 1925 (Körperschaftssteuergesetz). 141 The Action of the German Government To Lower Prices. 142 Is the German Economy Passive? (by Professor Julius Hirsch, ex-secretary of State). 143 The Liquidation of the Mark Loans of the Reich, the States and the Communes. 144 The Movement of Funds at the Reichshauptkasse During the Month of August Tax Receipts of the Reich for the Month of August The Position of the Public Debt of the Reich as at June 30, July 31, and August 31, The Revalorisation of Private Claims Expressed in Paper Marks. 148 The Balance Sheet of the Rentenbank as on September 30, Tax Receipts of the Reich for the Month of September The Movement of Funds at the Reichshauptkasse During the Month of September The Balance Sheet of the Rentenbank as on October 31, Tax Receipts of the Reich for the Month of October The Movement of Funds at the Reichshauptkasse During the Month of October The Position of the Public Debt of the Reich as at September 30, The Movement of Funds at the Reichshauptkasse During the Month of November

15 156 The Position of the Public Debt of the Reich as at October 31, The Balance Sheet of the Rentenbank as on November 30, Tax Receipts of the Reich for the Month of November The Gold Mortgage Bond (Goldpfandbriefe) Market. 160 The Draft Budget of the Reich for the Financial Year The Finances of the Reich. 162 The Position of Agriculturalists in Germany (According to a Memorandum of the Prussian Government). 163 The Balance Sheet of the Rentenbank as on December 31, The Movement of Funds at the Reichshauptkasse During the Month of December Tax Receipts of the Reich for the Third Quarter of the Financial Year and for the Month of December The Position of the Public Debt of the Reich as at November 30, The Balance Sheet of the Rentenbank as on January 30, Tax Receipts of the Reich for the Month of January The Movement of Funds at the Reichshauptkasse During the Month of January "The Exhaustion of Germany." A Reply. 171 Prussian Finances. Draft Budget for the Financial Year Comparison with the Final Budget for The Position of the Public Debt of the Reich as at December 31, Finances of the Reich. Tax Reductions. (Government Bill). 174 The Balance Sheet of the Rentenbank as on February 28, Tax Receipts of the Reich. February The Movement of Funds at the Reichshauptkasse During the Month of February "The Situation in Germany." (Speech by the Minister for Economic Affairs.) 178 Finances of the Reich. "Financial Statistics for the States and the Communes." 179 Reparation Payments and Foreign Credits. 180 Finances of the Reich. "Memorandum on the Loans of the Reich for 1925." 181 The Position of the Public Debt of the Reich as at January 31,

16 182 Reduction in Taxation. (Law of March 31, 1926, Published in the Reichsgesetzblatt of the Same Date.) 183 The Balance Sheet of the Rentenbank as on March 31, Report of the Deutsche Rentenbank for Report of the Deutsche Rentenbank-Kreditanstalt (Landwirtschaftliche Zentralbank) for the Period August 5 to December 31, Report of the Deutsche Bank for the year Annual Report of the Reichsbank for the year The Tax Receipts of the Reich for March 1926 and the Financial Year [Not Published.] 190 The Movement of Funds at the Reichshauptkasse During the Month of March 1926, and the Financial Year Second Decree of May 7, 1926, Concerning the Reimbursement of the Reparation Duty Collected by the French Government. 192 The Balance Sheet of the Rentenbank as on April 30, Tax Receipts of the Reich for the Month of April Position of the Public Debt of the Reich as at March 31, Revenue and Expenditure of the Reich in April The Finances of the Reich. Modifications in the Tax on Automobiles and the Tax on Cigarettes. 197 The Balance Sheet of the Rentenbank as on May 31, Finances of the Reich. Revenue from Taxation for May Finances of the Reich. State of the Public Debt on April 30, Finances of the Reich. Receipts and Payments of the Reich for the First Two Months of the Financial Year Finances of the Reich. Position of the Public Debt as at May 31, The Balance Sheet of the Rentenbank. 203 Finances of the Reich. Revenue from Taxation for June Finances of the Reich. Receipts and Payments of the Reich for the First Quarter of the Financial Year The Balance Sheet of the Rentenbank as at July 31, Finances of the Reich. Tax Receipts for the Month of July Finances of the Reich. Receipts and Payments of the Reich in July

17 208 Insurance in Germany Against Export Credit Risks with Financial Support from the Reich. 209 Finances of the Reich. Position of the Public Debt as at June 30, and July 31, The Balance Sheet of the Rentenbank as at August 31, Finances of the Reich. Tax Receipts for August Finances of the Reich. Receipts and Payments of the Reich in August Finances of the Reich. Position of the Public Debt of the Reich as at August 31, Finances of the Reich. Tax Receipts for the Month of September The Balance Sheet of the Rentenbank as on September 30, Finances of the Reich. Receipts and Payments of the Reich in September The Balance Sheet of the Rentenbank, October 31, Finances of the Reich. Tax Receipts for the Month of October Finances of the Reich. Position of the Public Debt of the Reich as at September 30, Finances of the Reich. Receipts and Payments of the Reich in October Finances of the Reich. Position of the Public Debt as at October 31, Finances of the Reich. Statements of the Finance Minister of the Reich on the Budget Situation and Prospects of a Loan. 223 Finances of the Reich. Tax Receipts for the Month of November Public Finance. Exceptional Grants for Christmas. 225 The Berlin Chamber of Commerce on the Economic Year Finances of the Reich. State of the Public Debt on November 30, The Balance Sheet of the Rentenbank as at November 30, The Balance Sheet of the Rentenbank as at December 31, Finances of the Reich. Receipts and Payments of the Reich in November Finances of the Reich. Tax Receipts for the Month of December

18 231 Jurisdiction and Activities of the Advisory Office for Foreign Loans. 232 Finances of the Reich. Receipts and Payments of the Reich in December The Production of the Contributions in Respect of Reparations. 234 The Balance Sheet of the Rentenbank as at January 31, Finances of the Reich. Public Debt as at December 31, Finances of the Reich. Speech by the Finance Minister of the Reich on the Budget for 1927 and the Financial Position, Made in the Reichstag, February 16, Finances of the Reich. Tax Receipts of the Reich for the Month of February Finances of the Reich. Resume of the Speech by the Finance Minister of the Reich on the Budget for 1927 and the Financial Position Made in the Reichstag, February 16, Finances of the Reich. Resume of the Second Speech of the Finance Minister on the Financial Situation. 240 Finances of the Reich. Simplified Tax Collection and Extended Jurisdiction of the Finanzämter (Revenue Offices). 241 The Balance Sheet of the Rentenbank as at February 28, Finances of the Reich. Public Debt as at January 31, Finances of the Reich. Receipts and Payments of the Reich in January Finances of the Reich. Tax Receipts of the Reich for the Month of February Report of the Deutsche Golddiskontbank for a Annual Report of the Reichsbank for the Year Report of the Deutsche Bank for the Year Finances of the Reich. Receipts and Payments of the Reich in February Finances of the Reich. Public Debt as at February 28, Report of the Deutsche Rentenbank for Management and Business Report of the Deutsche Rentenbank- Kreditanstalt (Central Bank of Agriculture). Second Business Year The Balance Sheet of the Rentenbank as at March 31, Tax Receipts of the Reich for March 1927 and for the Financial Year

19 253 Finances of the Reich. Receipts and Payments of the Reich for March 1927 and for the Financial Year The Balance Sheet of the Rentenbank as on April 30, Tax Receipts of the Reich for April The Balance Sheet of the Rentenbank as at May 31, Tax Receipts of the Reich for the Month of May Finances of the Reich. Receipts and Payments of the Reich for April Finances of the Reich. Receipts and Payments of the Reich in May Reel The Balance Sheet of the Rentenbank as on June 30, Finances of the Reich. Tax Receipts of the Reich for the Month of June Finances of the Reich. Position of the Public Debt of the Reich as at June 30, The Balance Sheet of the Rentenbank as on July 31, Finances of the Reich. Receipts and Payments of the Reich in June Finances of the Reich. Tax Receipts of the Reich for the Month of July The Balance Sheet of the Rentenbank as on August 31, Finances of the Reich. Tax Receipts of the Reich for August Finances of the Reich. Alterations in the Sugar and Alcohol Taxes. 269 Finances of the Reich. Public Debt of the Reich as at August 31, Finances of the Reich. Receipts and Payments of the Reich in July and August Finances of the Reich. Tax Receipts of the Reich for September Finances of the Reich. Public Debt of the Reich as at September 30, The Text of the New Directives for the Advisory Office. 275 Finances of the Reich. Tax Receipts of the Reich for October The Balance Sheet of the Rentenbank as at October 31,

20 277 The Balance Sheet of the Rentenbank as at November 30, Finances of the Reich. Tax Receipts of the Reich for November Finances of the Reich. Receipts and Payments of the Reich for September 1927 and for the First Six Months of the Financial Year Finances of the Reich. Amendment of the Income Tax (Tax on Wages and General Tax). 281 Finances of the Reich. Receipts and Payments of the Reich for October and November Finances of the Reich. Speech by the Finance Minister of the Reich, Dr. Köhler, on the Budget for 1928, Made in the Reichstag, January 19, The Balance Sheet of the Rentenbank as at December 31, The Balance Sheet of the Rentenbank as at January 31, Annual Report of the Reichsbank for the Year The Balance Sheet of the Rentenbank as at February 29, Report of the Deutsche Bank for the Year Report of the Golddiskontbank for The Balance Sheet of the Rentenbank as at March 31, Report of the Deutsche Rentenbank for Management and Business Report of the Deutsche Rentenbank- Kreditanstalt (Central Bank of Agriculture). Third Business Year The Balance Sheet of the Rentenbank as at April 30, Report of the German Railway Company for the Third Business Year 1927 (January 1 to December 31,1927). 293a Report of the German Railway Company for the Third Business Year (January 1 to December 31,1927) Continuation. 294 The Balance Sheet of the Rentenbank as at May Germany's Economic Development During the First Half of the Year (Report of the Reichs-Kredit-Gesellschaft, Berlin). 296 Program of New German Government. Address of Chancellor before Reichstag, July 3, The Balance Sheet of the Rentenbank as at June 30, The Balance Sheet of the Rentenbank as at July 31, The Balance Sheet of the Rentenbank as at August 31, The Balance Sheet of the Rentenbank as at September 30,

21 301 The Balance Sheet of the Rentenbank as at October 31, The Balance Sheet of the Rentenbank as at November 30, Germany's Economic Position at the Turn of the Year (Published by the Reichs-Kredit-Gesellschaft, Berlin). 304 The Balance Sheet of the Rentenbank as at December 31, Annual Report of the Reichsbank for the Year The Balance Sheet of the Rentenbank as at January 31, Budget of the Reich for Address of the General Budgetary Reporter of the Reichsrat, the Finance Minister of the Reich and the General Discussion on the Occasion of the Adoption of the Budget by the Reichsrat, March 5, Finances of the Reich. Speech by the Finance Minister of the Reich, Dr. Hilferding, on the Budget for 1929, Made in the Reichstag, March 14, The Balance Sheet of the Rentenbank as at February 28, Report of the Deutsche Rentenbank for Management and Business Report of the Deutsche Rentenbank- Kreditanstalt (Central Bank of Agriculture). Fourth Business Year The Balance Sheet of the Rentenbank as at March 31, The Balance Sheet of the Rentenbank as at April 30, Report of the German Railway Company for the Fourth Business Year (January 1 to December 31,1928). 315 The Balance Sheet of the Rentenbank as at May 31, Germany's Economic Position in the First Half of (Published by the Reichs-Kredit-Gesellschaft, Berlin). 317 The Balance Sheet of the Rentenbank as at June 30, The Balance Sheet of the Rentenbank as at July 31, The Balance Sheet of the Rentenbank as at August 31, The Balance Sheet of the Rentenbank as at September The Balance Sheet of the Rentenbank as at October 31, Recovery or Decline? Economic and Financial Reform in Germany The Balance Sheet of the Rentenbank as at November 30, Financial Program of Reich Government. Declaration Made in Reichstag by Chancellor on Behalf of Reich Government, December 12,

22 325 Germany's Economic Position at the Turn of the Year (Published by the Reichs-Kredit-Gesellschaft A.G., Berlin). 326 The Balance Sheet of the Rentenbank as at December 31, Annual Report of the Reichsbank (1929). 328 The Monthly Balance Sheet of the Rentenbank (January 31, 1930). 329 Reichstag Speech of the Chancellor of the Reich, Herr Mueller (March 12,1930). 330 The Monthly Balance Sheet of the Rentenbank (February 28, 1930). 331 Annual Report of the Deutsche Rentenbank (1929). 332 Management and Business Report of the Deutsche Rentenbank- Kreditanstalt. 333 Reichstag Speech of the Chancellor of the Reich, Dr. Bruning (April 1,1930). 334 The Monthly Balance Sheet of the Rentenbank (March 31, 1930). 335 Report of the German Railway Company for the Fifth Business Year (1929). 336 The Monthly Balance Sheet of the Rentenbank (AprilSO, 1930). 18

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