Memorandum from Paul H Gantt to Mr. Ragland, October 2, 1947 - Page 1

PAUL 11, QANTT. 2 October 19k7 ЧГОЮТ™ FOP. TH • 7TJZS. УОШ31 АСС-Щ. - KRAKAU» KIS УГЖ СЫН Oil. 1. 18 January 19h0. Statement b/ the Vor stand Sekretariat (affiliations), ap arontly made by Korn orsialbank A.G., Krakau, typed signature Schneider and Dr. Hahn, on a loan to the Oetrowiecer Mttenwerk Oetrowiec azow in the amount of 2 - 300,000 zloty. It appears Iron this discussion that the aforementioned Company is a suosidiar. of Trust Uetallurgique Klectrique et Industrial SA of Brussels, which has a majority interest of 6ft*. The coapany owns various blast furnaces, locomotive factories and so on in Poland. It is mentioned that a Ur. Hoffnan is a trustee. H if foan is described as the Managing Director of Stahlwerke Braunschweig GmbH Abteilung Derg und Httttonwerke Starachowi.ce, a saosidiary of the Hermann Ooering Works. "The Hermann Goering works determine the production of the works; it only produces for German customers. The credit is only necessary for the period in which to get the production started ... Krakau has discussed the matter with Prof. IT. ,feyer by tele¬ phone and requests basic decision. According to the information of Herr Dr. jardroff of Kattowice, Krakau, has enough money to grant the loan." 2. 27 April 1?U0. Note of tne Ausland Sekretariat IV of the Komnersialbank. The ban consists in the amount of $<30,000 marks. "The works produce presently following the directives of the trustee for German custoners, namely for branches of the Army and for the German railways.4 "i3e cause the majority of tiie snare capital is in Belgian hands, the works produce under their old name." 3. Balance shoot, dated 31 December 19U3, of the Ostowiece Company with explanations. Of interest* (a) loan may have been used for the rebuilding of the locomotive factories; (b) workers in tho works of -erke Oetrowiec, Warschau, Nieklan - 8,679 men, including 1$1 Germans. U. Note for the file dated 7 July 19Ы nade b; the brand', office Kattowice for the Droodner Bank which contains complete data referring to siiare capital and so on. It mentions a ain that in ediately after the occupation of