“The Czechoslovak banks were joint stock companies. Every joint stock company with even one Jewish director was considered to be Jewish. In this manner the non-Jewish property was also taken over.
“(b) After the invasion of 15 March 1939.
“After the invasion several Czechoslovak banks in Bohemia, in consequence of their Aryanization, became the property of the Dresdner Bank. Among other enterprises, this German bank took over the Union Bank of Bohemia. In this way all the financial interests which these banks had in Czech industry, as well as the entire share capital, fell into German hands.
“From that time on German capital began to infiltrate into the Czech banks; their expropriation and incorporation into the German bank system began. The Dresdner Bank (the establishment which administered the funds of the National Socialist Party) and the Deutsche Bank were officially entrusted with the task of expropriating the funds belonging to the Czechoslovak banking concerns.
“By means of various ‘transactions,’ by gaining influence through the branch banks in the Sudetenland over their respective head offices in Prague, by reducing the share capital, which was later increased with German assistance, by appropriating industrial holdings and in this way acquiring influence over the controlling banks which were thus deprived of their industrial interests, et cetera, the two Berlin banks achieved complete control of the banks of the Protectorate. Gestapo terror helped them.”
I skip one paragraph of this report and pass on to the next count:
“C. Destruction of National Industry.
“(a) Compulsory organization.
“After the invasion the Germans introduced into the Protectorate the compulsory organization of Czech industry on the German model.
“They appointed a committee for every new association and all the industrial ‘groups’ appointing at least one Nazi as chairman or vice chairman or, just as an ordinary member. However, all the Czech members actually were mere puppets.