DECREE No. 20 of the Praesidium of the Hungarian People’s Republic concerning the Nationalisation of certain industrial and transport undertakings.—Budapest, 28th December, 1949.
(Translation)
The effective implementation of Act No. 25 of 1949 (concerning the Five-Year People’s Economy Plan) makes it imperatively necessary that in the fields of industry, mining and foundry industry, and transport, the Hungarian People’s Republic should concentrate in its own hands those means of production and transport which—either in the form in which they are at present organised or subject to appropriate re-organisation—are adapted to the purposes of economic large-scale production of a manufacturing industrial character.
To that end the Præsidium of the Hungarian People’s Republic ordains as follows:—
Clause 1
1. Under the present Decree the following undertakings, etc., will be taken into possession by the State (nationalised):—
(a) All those privately-owned industrial, transport, mining and foundry undertakings, the total number of persons employed in which—irrespective of their spheres of work—was 10 at any time between 1st September, 1949, and the coming into force of the present Decree;
(b) all electric power generating and distributing undertakings; all printing industry undertakings; all metal-casting works in which the number of employees was 5 during the period specified in sub-paragraph (a); all mills of a daily milling capacity of 150 quintals or more; all motor-car repair workshops and garages with operating premises covering an area of 100 sq. metres or more; all boats and barges with engines of 30 h.p. or more, or a holding capacity of 100 tons or more;
(c) the industrial and transport undertakings enumerated in the Annex[1] to the present Decree;
(d) all privately-owned undertakings which form an economic unit with any of the undertakings specified in subparagraphs (a) to (c) above, including also undertakings or works rented, leased or used by any of the undertakings coming under sub-paragraphs (a) to (c) above;
- ↑ Not reproduced.
