V. I.   Lenin



Written: Written on September 17, 1922
Published: First published in 1959 in Lenin Miscellany XXXVI. Printed from the original.
Source: Lenin Collected Works, Progress Publishers, 1976, Moscow, Volume 45, page 567b.
Translated: Yuri Sdobnikov
Transcription\Markup: R. Cymbala
Public Domain: Lenin Internet Archive You may freely copy, distribute, display and perform this work; as well as make derivative and commercial works. Please credit “Marxists Internet Archive” as your source.README


Comrade Vladimirov

Dear Comrade: Will you be so kind as to inform me 

1) how much gold we have left? (a) total, (b) including that free from any obligations?

2) how many other valuables (very briefly, in the most general terms);

3) the size of the deficit now (the last quarter or month);

4) have you thought about the income tax and the compulsory loan? Briefly: what are your conclusions (only the final ones).[1]

With communist greetings,


[1] In reply to this inquiry, M. K. Vladimirov, Deputy People’s Commissar for Finance, sent Lenin reports on the gold stock and the tax revenue from the beginning of 1922 to September 17. He gave the budget deficit for the quarter July to September, and added that the deficit for September would be especially large because of the expenditure on the People’s Commissariat for Railways and industry, and would reach 250,000,000 million only in emission; the probable deficit for the quarter October to December was being estimated. Vladimirov also reported the measures being taken to cut back expenditures.

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