Memorandum from Robert von Engel to Paul H Gantt, September 30, 1947 - Page 1

И '<Ъ0Лл4к~ FFTER-OFFI К MEVCRANDUM 30 September 19U7. ТО t Mr. Paul H. Gantt. FROM! ttobort von Engel. SUBJi UHOIflRTSCRRIFTLICHH ZHWTRALSTBLLB (L.Z.), OKSCBAEFTSZENTRALF. mrar. Folder !Jo. 27 seized by Mr. Heilpem from the Main Building Dresdner Bank, Berlin, account tfo.UiO. #9. * 'was founded on 20 January 19l*0 by the Department for Food and Agriculture of t he Office of the General Governor ar*i had, according to the foundation statute, semi-official character. Originally the inveetod capital ancon tod to 10 Billion zloty. Later on it was raised to 2 h million zloty. This capital was invooted by tho Finance Department of the General Govanxnent at an interest rate of 5^» (Note/ taken frera a credit application of the Kommerai albank A.G., Krakow, 13 June 19h0. ) #8. An excerpt copied from a report of tho Deutsche Tlandelskamor for the General Covornmont (para. 17 - the tasks of the L.Z#) da tod 1$ December 19) il, stated that the L.Z. is an export organization ( Tachor gani za t i on ) which, in view of hor far-reaching authority and her powers of execution (umf аз sonde vollmachten und exekutionebefugnisse) as "extended arm of the Government" , is unprecedented in Europe. The credit requirements of the L.Z. wore net by a Banking Consortium in which the Lresdner Bank played a loading role through her affiliate the Г oarer zialbank A.G., Krakow. Originally the Koacerzialbank A.O. was owned by the Laenderbank, Vienna, until 19l*0 when the Drosdner Bank took over participa¬ tion. xorarner zialbank transactions were under the direction of the Dresdner Bank Vorstand Sekretariat - affiliations (fir. Teichnann). PI* The nature of these relations is shown in a report by Dr. Teichraann to the Dresdner Bank Vorstand dated 19 September 19lUi where (in discussing tl« new conditions created by the unfavorable political and military situation in the General Government ) he stated that even if he would have to reccranend the rejection of any fUrthor business dealings with L.Z. on sound coenercial grounds, that "we, being ti» Dresdner Bank, cannot afford to quit at the present time a business which until now паз essentially conducted by us". Tn his reply dated 25 September 19Ui Prof. >'eyer notified him that the Vorstand, after ho had discussed the L.Z. matter with Busch, Dr. Schippel, Dr. Rasche, Cverbeck and Voelling, has decided in accordance with his view. #7. In the organizing order from tho General Governor for the occupied Polish territories, dated 20 January 19U0, the tasks of the L.Z. are set forth. - 1 -