[Between May 30 and June 30, 1921]
The transition—from the culmination of intense struggles on both external and internal fronts to peaceful economic reconstruction—enabled the Soviet authorities to introduce significant changes in their economic policy. Requisitioning was replaced by a tax in kind; the free circulation of agricultural products and handicrafts was permitted; cooperatives were granted greater freedom to develop their own economic initiatives; measures were adopted to encourage small-scale industry—while at the same time firmly preserving the basic socialist forms [in the principal levers] of the national economy: large-scale industry, transportation, and foreign trade—every economic initiative capable of contributing to the rapid revival of industry and of rural [agricultural] economies was encouraged [without excluding capitalist enterprises, since the workers' state knows how to neutralize such enterprises and to confine them within clearly defined, rational limits]...

...Recognizing the need to complete the network of economic conferences [at the district level], to establish strong, mutually reinforcing ties among them, and to ensure the productive functioning of these bodies, the VTsIK hereby enacts and approves the following provisions:

On the Gubernia, Uyezd, District, Factory-Plant, Volost, and Village Bodies of the S.T.O.

1. Regional Economic Conferences shall be established each time by a separate resolution of the STO.

Note: The organization of Economic Conferences in Soviet Republics that maintain treaty relations with the RSFSR, as well as their relationship with the STO, shall be governed by special regulations agreed upon by the Central Executive Committees of those republics...

...6. The lowest-level bodies of the STO (Economic Conferences) are recognized as village councils; and at factories and plants, they are represented by factory-plant conferences. The latter are established under the management of the respective factories and are convened according to the schedules prescribed for the Volost Economic Councils...

...10. ...the members of gubernia, uyezd, and district economic conferences include chairpersons or heads of: the Council of National Economy, the Land Department, the Food Department, the Labor Department, the Workers' and Peasants' Inspection, the Finance Department, the Trade Union Council or Trade Union Bureau, the Municipal Department, and the Workers' Cooperative; local experts renowned for their practical experience—economists and engineers—may be invited to the conferences with advisory votes. The head of the Statistical Bureau participates with an advisory vote. Representatives of other departments and institutions enter the Economic Conference with voting rights on matters within their respective areas of responsibility.