culation of the reconstruction process. S. Kon (in “Russkij Oekono- 
mitscheskij Sbornik” i. e., “Russian Economic Archives”, 1928, No. 12), 
has made a very successful, and in statistical respects, exemplary attempt 
at analysing all these literary records; he has striven to find their metho- 
distical defects and to make corresponding corrections. The table constructed 
by him, and which, without doubt approaches nearest to the truth, gives the 
following picture: 
[n millio In million 
a Cherwonez-rou- 
Foubles bles (according to 
index 1. Q.) 
[nitial assessment of the original capital 
stock in its condition in 1918 . . . . 
Real value of original capital stock after 
deduction of deterioration: in 1913 . . 3,000 
in 1918 . . 4,066 
in 1923/24 without loss inflicted by war . 2,787 
[n 1923/24 taking into consideration the 
loss inflicted by war . . . . . . . 2/42 
Loss of value during the years 1918 to 
1923/24  . . . . LL LL. 
The same, in percentage calculation to the 
actual value of stocks in 1918 . . . 
Che same, in percentage calculation of init- 
ial assessment of stocks in 1918 . . . . 
Total loss of value in comparison to init- 
1al assessment . . . . . . . . . 
[he same, in percentage calculation of the 
mnitial assessment . 
5,026 . . . 10,000 
5,700 
7,725 
5,295 
2 
2 
4,640 
1,624 
3 
3.085 
4o.o % 
0/0 
29.4 
h5.8 0/s 
Thus the losses of industrial installations in comparison to pre-war time, 
amount to 55.8 ofp of their original value; to the share of the revolution 
fall 29.4 9% in proportion to the original value, and 40 9 in comparison 
of the value to the same standing at the beginning of the revolution. 
For the reconstruction of the original capital stock of the industry, 
ncluding the German credits as well, close on a milliard Cherwonez 
-oubles were employed, i. e., in consideration of the losses in 1918 to 
(923/24, according to the table, amounting to three milliard roubles, so 
far no more than 1/3 of the losses sustained during the time of the revo- 
lution have been recovered. In addition to the injunctions for the recon- 
struction of the original capital stock of the industry, the extension of the 
capital for circulation absorbs a large quantity of resources; the same 
applies to the covering of deficits, etc. 
Ww