AMENDMENT TO THE DRAFT RESOLUTION OF THE СНК
ON FINANCING THE PETROGRAD SOVIET1.
[April 12, 1918]
The Council of People's Commissars, having considered the issue of allocating
100 million rubles to the disposal of the Petrograd Soviet, resolved:
To allocate 100 million to the Petrograd Soviet for the fight against unemployment and for the organization of public
works, provided that the money is issued to the Petrograd Soviet
after the guarantees in the correct and appropriate spending of the money, developed by the Commission consisting
of Mr. Gukovsky, Bogolepov and 1 representative of the State
Control. Included in these 100 million are:

MEETING TO DISCUSS THE THESES OF BANKING POLICY
20 million rubles. The number of guarantees includes, of course,
the presentation of plans and estimates.
Approved.
Chairman of the Council of People's Commissars V. Ulyanov (Lenin.
1 This draft (up to the words: «included in these 100 million») was written by Ya.M.
Sverdlov, in connection with the discussion in the Council of People's Commissars of his report «On the allocation
of 100 million rubles to the Petrograd Soviet for the fight against unemployment and for the
organization of public works». The draft with Lenin's additions was
adopted as a resolution of the Council of People's Commissars at the meeting on April 12, 1918.
2 Lenin names the amount previously allocated and issued to the Petrograd
Soviet on March 29, 1918.

MEETING TO DISCUSS THESES
BANKING POLICY 1
APRIL 1918 I'.
a.
Theses of banking policy.
1.
compile a report on what was received in private banks, including
in the report the liquidation of all affairs of each private bank.
Unanimously;.
On the question of how to compile the report, the following opinions:
(a) the former staff of employees (with the right of the Commissariat
[Fin]
[State]
Bank to dismiss some of them)
of each private bank is given an ultimatum to promptly bring all affairs of the bank into order and
draw up a balance sheet in final form, first, on 14.XII.
1917, secondly, on the last day of operations.
[(b) Resuming the activities of private banks for the compilation
of this report only means] (b) Private banks, performing this function of compiling
reports and liquidating all affairs of the banks, operate exclusively
as branches of the unified People's Bank of the Russian Republic
and only for the purpose of liquidation, without carrying out any new operations.
^Ganetsky] and Gokovsky and Len[in.