Decree on Discontinuance of Interest and Dividend Payments

Written: December 29, 1917/January 11, 1918
First Published: Obzor finansovogo zakonodatelstva, 1917-1921 g.g., Petrograd, 1921, p. 15.
Source: James Bunyan and H.H. Fisher, The Bolshevik revolution, 1917-1918: Documents and materials, Stanford University Press; London: H. Milford, Oxford University Press, 1934, p. 326.
Translated: Emanuel Aronsberg
Transcription/Markup: Zdravko Saveski
Online Version: 2017

1. Until the issuing of special rulings concerning the nationalization of industry all payments of interest on investments and dividends on shares will be discontinued.

2. All transactions in bonds are prohibited.

3. Those violating rule 2 of this decree will be criminally liable and their property will be confiscated.