V. I.

Lenin

567

EXCHANGE OF MEMOS WITH Y. A. PREOBRAZHENSKY [1]

If this is true, it is not bad. [2]

Perhaps these two things could be done:

1) a weekly (monthly for a start) inventory for the whole
R.S.F.S.R.

a) of the quantity of commodities held by the state (exchange fund)

b) quantity of bank-notes

2) by way of experiment in one or two uyezds issue
(through co-operative establishments?) exchange bonds , fully
secured by the commodity fund?

Inventorying the commodity fund is not the business of the
People’s Commissariat for Finance. This calls for some additional
structuring or restructuring to take account of all the material
budget. Still, we have authorised Syromolotov to do this.

The bonds could be issued when the commodities are available,
and, I think, they will be all right, but in the initial period there will be little benefit for our own pocket.

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My purpose is not “benefit for the pocket”, but experiment, experience .

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