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2. Rural Electrification.
Contracts for installation work are awarded on the basis of tenders by the
communes and eventually by the electric companies supplying these communes.
III.
1. General Electrification.
The necessary funds for the works are supplied partly by the companies’ own
share capital, partly by a debenture issue or by a long-term loan guaranteed by the
State or the provinces. The balance is usually met out of the short-term credits of
suppliers and banks.
2. Rural Electrification.
The funds needed for construction are supplied by communes either in cash or by
means of loans contracted in local credit institutions. The State contributes grants up
to 50 per cent of the total cost.
IV. — About 80 per cent of the value of the contracts awarded represents
materials, 1 per cent equipment supplied from abroad and about 19 per cent salaries
and wages. Of the orders, 99 per cent have been executed by national factories.
V. — Electrification work gives employment mainly to the industry manufacturing
such articles. Obviously, it involves a large amount of capital expenditure in contrast to
the construction of machinery and buildings, where more labour is required.
ii) Construction Work above Ground (Erection of Buildings).
I {a).
1. Construction carried out by the State.
(1) Government Buildings.
Since 1929, buildings have been erected at a total-cost of 173 million Czech crowns.
(2) Buildings for Public Education.
School buildings, etc., have been erected at a cost of 146 million Czech crowns.
(3) Buildings for Public Health and Physical Culture Purposes.
Work to a value of 39 million Czech crowns has just been completed.
(4) Dwelling-houses.
Since 1929, Government houses for the accommodation of officials have been
erected at a total cost of 93 million Czech crowns.
2. Building carried out by Self-governing Bodies.
(1) Buildings for Public Education Purposes.
Buildings have been erected to a value of 304 million Czech crowns.

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