GIPE-PUNE-OIIOI2 - DSpace@GIPE

12 PRINCIPAL OF CONTROL. OVER
and bonds of the above description as well as satisfy theconditions
of· the Reichsbank.
3. AU tho~e values from which it is possible toobtain
advances or loans on the strength of the. policies
as issued by the company.
4. Su~h claims as are to be met by "inland" communal
corporations, school and church communities,
provided they can be withdrawn by the creditor or satisfied
in regular instalments.
~. Real estate or landed property within the
country. Not more than 25 per cent of the premium
reserVe fund may be invested in lands. The limit may
however be exceeded with the sanction of the Amt.
These. lands must· not be such as are already burdened
with hypothecs or other claims.· In any case, in order to
have recourse to real estate for the purpose of investment
a special permission is required. As a rule the Amt
is cautious in regard to this item lest a heavy investment
in lands should render the funds illiquid. IS
6. Such values (inland and foreign) as are based on
gold,-for tl:te purpose of covering insurance made in gold
currency. This section has had a special reference to the
inflation-period tra~sactions, when. in addition to the
paper curre,ncy the Government was introducing certain
currencies on the gold basis as a transitory measure.
7. Such values as run in foreign currencies,-for the
purpose of ~overing insuranceomade in those curre.:cies.14.
The loans of forei~n governments,. government-guaran-
13 Kon\ge.Petersen. 599601
14 Ibid., 602.