Late April 1941
                         I.
          Regarding the Raw Materials Balance Sheet
      The statements and figures in the memoradum on the raw materials balance sheet are fully
confirmed:  likewise the calculations on the difficulties  regarding raw materials that aaare to be
anticipated in the fall of this year the latest.
 
     Recent detailed investigations in the Reich Ministries that are concerned, regarding
important raw material iteams, show a greater change for thw worse than was anticipated, this
being the result of the cessation of imports from the Balkans, as well as from northern and eastern
Europe, which were counted on with certainty. The additional amounts from unoccupied France
and Soviet Russia are less than expected: the shortages from the Balkans amount to as much as
75% of the amounts anticipated. This shortage in imports from Yugoslavia is to be completely
overcome in some 3 or 4 months.
 
     The allotmants of raw materials both for large and small plants that are workihng
for the needs of the army, as well as for the private consumption, are subjected to changes
constantly. The reduced allocation and the deteriotion in quality affect chiefly the supplying
of the goods needed for daily consumption.
     
                         2.
     The prospects of reaching a regulated and higher