Government Decree No. 113 / 1953 Coll.
Regulation on managing funds in economic transport organisations
Valid
Effective from 01.07.1953
113.
Government Regulation
of 22 December 1953
on managing funds in economic transport organisations.
The Government of the Czechoslovak Republic, with the agreement of the President of the Republic pursuant to § 42 paragraph 1 of Act No. 241 / 1948 Coll., on the first five-year Economic Plan for the Development of the Czechoslovak Republic (Act on the Five-Year Plan):
(1) To increase the initiative and responsibilities of the directors of economic organisations:
(a) national road transport undertakings;
(b) national water transport undertakings;
c) Main Civil Aviation Administration of the Czechoslovak Republic - Czechoslovak Airlines (ČSA); and
(d) separate transport undertakings for the public transport of persons to the communal economy;
and to encourage the material interest of employees in the implementation of the plans, a Management Fund (the Fund) may be set up in these organisations (the undertakings).
(2) The Minister for Finance is hereby authorised to designate, in agreement with the Minister responsible for the matter and after the hearing of the Single Trade Union Organisation, the individual undertakings in which and from which the Fund is established.
(1) A share of the planned profit or a share of 11 / 2% of the planned savings resulting from the reduction in own costs is included in the fund.
(2) In addition, if the company exceeds the profit plan or the own-cost reduction plan, it shall be transferred to the fund a share of the aggregate overpaid profit or of the excess-cost savings achieved by reducing its own costs of 25%. In determining the amount of overpaid profits or overpaid savings achieved by reducing own costs, such gains or savings shall not include those amounts which result from causes which are independent of the company's own activities.
(3) The Fund will also receive a remuneration from the overpayment of its own funds (Turnover Funds) in accordance with the terms and conditions laid down by the Finance Minister by the Specific Directives.
(4) The total annual aggregate contribution to the Fund may not exceed 5% of the annual wage fund of the employees of the undertaking in the main (transport) activity, converted in proportion to the actual implementation of the transport plan.
(5) The condition for granting the share is that the undertaking fulfils or exceeds the transport plan in the specified indicators, the own cost reduction plan and the profit plan.
(1) At the end of each quarter, an advance share of 50% of the amount calculated in accordance with Article 2 shall be transferred to the Fund from the beginning of the year on the aggregate results obtained on the company's balance sheet.
(2) The final amount of the share transferred to the Fund is determined on the basis of the approved annual balance sheet.
(1) The fund's resources are used by the Director of the Enterprise:
(a) to expand the operation or production, to build and repair the housing business of the company and to technical improvement of transport or production (small mechanisation, implementation of improvement proposals, etc.) and beyond planned investments, at the rate of 40% of the Fund's resources;
(b) to improve the cultural and social care of the company's workers (to expand the auxiliary economies, to set up children's facilities, canteens, clubhouses, to purchase inventory for such facilities, for physical purposes and such as), to pay individual remuneration to workers for excellent work, to pay worker recreation vouchers and to pay one-off aid to workers.
(2) Expenditure relating to the Fund may be effected only at the rate of the amounts actually entered in the Fund. The disbursement of amounts which are still expected to be transferred to the Fund shall be prohibited.
(3) The budget of the Fund shall be approved by the Director of the Enterprise after consulting the Racing Board. The use of the Fund's resources, in particular the purpose and amount of the amounts spent, shall be made known to all the undertakings working.
The Ministry of Finance is responsible for checking the disbursement of the fixed amounts to the Fund and issuing the funds in enterprises. The rights of the ministries concerned to carry out this check and their responsibility for it shall remain unaffected.
The Ministry of Finance shall, in agreement with the participating ministries and a single trade union organisation, issue detailed directives for the implementation of this Regulation.
The undertakings with which the fund was set up are not subject to the provisions of Decree No. 104 / 1945 Coll., on Racial and Business Councils, as amended by Act No. 188 / 1948 Coll., where they provide for an obligation to pay the individual fund of workers a share of the net profit.
This Regulation shall enter into force on 1 July 1953; they shall be implemented by the Finance Minister in agreement with the participating members of the Government.
Zaporocký v. r.
Dr Dolansky v. r.
Děuriš v. r.
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Regulation Information
| Citation | Government Decree No. 113 / 1953 Coll., on Management Funds in Economic Organisations of Transport |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 31.12.1953 |
|---|---|
| Effective from | 01.07.1953 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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