- 14-
 
likewise will probably be just as high as in the preceding
 
year, while a certain augmentation is to be anticipated in
 
the allotments for annuity insurance, as was the case in
 
the preceding years, It is hard to tell to what extent the
 
other civil administrativeexpenditures will change, that
 
is, the expenditures in kind and investments, the payments
 
to corporations and private individuals (subsidles), and the
 
granting of loans. In the domain of payments in kind, 
 
savings will probably be possible, but on the other hand
 
war business will demand further new investments and grants.
 
Xn addition, there are the demands which result from exten-
 
sion of the territory of the Reich. So on the whole a 
 
further increase In expenditures ought; to be oounted on
 
here also.
 
     Taken altogether, we can probably count on expenditures
 
for the civil administrative authorities of from 18 to 19
 
billion in the fiscal year 1940, as compared to 15.6 
 
billion RM in the fiscal year 1939. Together with the
 
expenditures for the armed forces, estimated at approximately
 
38 billion RM, we get the amount of money needed by the
 
Reich as some 56 to 5V billion RM. To meet this need, there
 
are available first, as special means of covering, the
 
administrative revenue and proceeds from the budget borrow-
 
ing.  From previous observations, the placing of medium and