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Stenographic Report of a Portion of the Interministerial Meeting at the Reich Aviation Ministry [Reichsluftfahrtministerium] (November 12, 1938)

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Fischboeck: Because of what has happened the day before yesterday in Vienna, 5,000 were shut down there. There were 40,000 altogether.

Schmer: Shall the arrangement made in Austria remain?

Goering: Nothing will be changed there.

Fischboeck: Everything can be shut down at any time.

Heydrich: I know that a very high limit has been set for registering, 3,000 I believe.

Fischboeck: More than 5,000.

Goering: Is that the same in the Reich?

Fischboeck: Yes, in the Reich too. In this connection, I’d like to make a few more remarks.

What we are very much concerned with, is the situation regarding the Jewish apartment houses which contribute a large percentage of Jewish wealth. Surprisingly enough, the Jewish national wealth in Austria is reported to amount to 320 million marks only; the value of the apartment houses alone amount to 500 million. We should appreciate it very much if the regulation which makes it possible to requisition Jewish property would be made to be valid also for the apartment buildings; thus we would be enabled to have these houses administered by a board of trustees and to give the Jews the right to have a claim on the debit ledger of the Reich. That could also be an occasion to cash the contribution which might be deducted this way in advance. The administration of these blocks of apartment buildings wouldn’t be a problem at all. The only thing we’d need for it would be managers, and there’d be plenty of them. We’d like to requisition the apartment buildings and also any bonds that way. This question of bonds has been left open so far. In Austria, a very large part of Jewish wealth, 266 billion Reichsmarks, is invested in bonds of all kinds in shares or simply in bonds bringing a fixed rate of interest. In my opinion, a danger for the market does not exist because the Ministry for Economic Affairs would have control over these bonds. We’ll pay by handing out claims, on the debit-ledger of the Reich. Therefore, the finances of the Reich won’t be affected; the Minister for Finance shall only pay 3% for the claims on the debit-ledger of the Reich. He in turn receives internal loans, that means saves money. And if the bonds are not being sold, one might keep them 30 years until those claims on the debit-ledger or the Reich shall be expired.

Funk: Why should Jews not be allowed to keep bonds?

Goering: Because that way he would actually be given a share.

Funk: That is entirely new.

Goering: No. I said it very clearly before; bonds and shares.

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