Proposals on the Question of Financing Centrotextil

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Author(s) Lenin
Written 14 December 1918


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First published in 1933 in Lenin Miscellany XXI. Printed from the manuscript.
Source: Lenin Collected Works, 2nd English Edition, Progress Publishers, 1971, Moscow, Volume 42, pages 118c-119a.
Keywords : Bank, Finance, Food, Textile, Vesenkha

Its This document was written by Lenin in connection with the discussion of V. P. Milyutin’s report concerning the financing of Centrotxtil (Central Committee of the Textile Industry under the SEC) at a meeting of the CPC on December 14, 1918. Lenin’s proposals were reflected in the decision which the CPC adopted in this. connection.

Weekly account of the number of cash-offices   (departments or enterprises) integrated.


Weekly account of amount of produce shipped from each Board and from each big factory, and distributed among the population.

1) People’s Bank controls deposits and payments-integrated cash-office.


2) “Barter” control of produce shipped and delivered to consumer.


3) Personal responsibility of former capitalists or former owners of the enterprises in all boards and centres (under threat of imprisonment, execution of former capitalists, arrest of their families).[1]


4) Instruct the Food Commissariat, in the field of distribution, which is the weakest field, to give definite practical assignments to the union of Commercial and Industrial Employees under the collective responsibility of the whole union.

  1. Points 1 and 3 were crossed out by Lenin. A comparison with the text of the decision as recorded in the minutes gives grounds for presuming that Lenin did not cross out the points which were accepted by the CPC