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disbursements, these grants are to be taken into con-
 
sideration in connection with the Industrial Insurance
 
Fund, as they are used by it. So they must be left out
 
of consideration in connection with the Reich and the
 
Reich Institution for Unemployment Relief, etc.  In the
 
case of the Reich Institution, they have already been
 
deducted, while a corresponding deduction from the budget
 
of the Reich must also be made.
 
       In 1938; in the ola Reich (including the Saar), the
 
 disbursements of the Industrial Insurance Fund amounted
 
to approximately 4.2 billion BM, of which about 3.8 bil-
 
lion RM were payments. As opposed to these disbursements,
 
there were receipts of about 5.5 billion RM, so that
 
there was a surplus of approximately 1.3 billion RM,
 
which is to be considered as the formation of capital for the
 
Industrial Insurance Fund. As this amount, like the formation
 
 of reserves by the Communes and the Reich Institution
 
 for unemployment Relief, etc., benefited the credit; of the
 
Reich (almost  exclusively,  to be sure, in the indirect way 
 
of the taking over of  Reich loan), the formation of capital by 
 
the Industrial Insurance Fund can not be included in the
 
 of the public expenditures. Of the total income for
 
the  year 1938, in the amount of approximately 5.5 billion RM,
 
about 4.1 billion RM were  receipts from contributions,
 
fully