Dictated: Dictated by phone on December 9, 1921
Published: First published in 1933 in Lenin Miscellany XXIII. Printed from a typewritten copy.
Source: Lenin Collected Works, Progress Publishers, 1976, Moscow, Volume 45, page 405b.
Translated: Yuri Sdobnikov
Transcription\Markup: R. Cymbala
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I shall give the C.L.D. business manager an assignment to check up on the fulfilment of what has been promised you. You will be informed in writing or when you come to the congress about the results of the check-up. I am afraid that you may go to extremes, in some way, especially in allowing excessively high salaries to some individuals. Let me know to what extent your enthusiasm has run in this respect and perhaps in some others as well.
 This is in reply to a letter from I. I. Mezhlauk, Chairman of the Yugostal Board, of November 27, 1921, about delays in the issue of working capital earmarked for the trust. He said the trust had succeeded in getting together skilled miners, and described their wage rates and the intensified work of the enterprises, adding that in 1922 the latter would produce 10 million poods of ferrous metal (6 million poods of pig iron, and 4 million poods of rolled metal), provided Yugostal received the working capital earmarked for it by the S.E.C. Presidium on October 27, 1921.
Yugostal, the joint board of the Petrovka, Makeevka and Yuzovka state factories and mines with all their subsidiary enterprises and lands in the Ukraine, the Northern Caucasus and the Crimea. It was set up under the Ukrainian Economic Council to effect the production, technical and economic unification of combined enterprises of the metallurgical industry. It was in operation until 1929.