V. I. Lenin

Addendum to the Draft Decree on
The Registration of Shares, Bonds and Other Interest-Bearing Securities{1}

Written: April 16, 1918
Published: First published in 1933 in Lenin Miscellany XXI. Printed from the manuscript.
Source: Lenin Collected Works, 2nd English Edition, Progress Publishers, 1971, Moscow, Volume 42, page 89.2.
Translated: Bernard Isaacs
Transcription\Markup: D. Walters
Copyleft: V. I. Lenin Internet Archive (www.marxists.org) © 2003 Permission is granted to copy and/or distribute this document under the terms of the GNU Free Documentation License.  

The ban on the alienation of shares as set forth in the law of 29.XII.1917 shall remain in force pending the promulgation of a law introducing a permissive system for the alienation of shares. Only shareholders who have properly and timely registered their shares shall be entitled to receive compensation in the event of the enterprises being nationalised, the amount and conditions of such compensation to be determined by the law on nationalisation.

Similarly, only such shareholders shall be entitled to receive dividends when payment of same, suspended by the law of 29.XII.1917, will be permitted.


{1} This document was incorporated in the Decree on the Registration of Shares, Bonds and Other Interest-Bearing Securities, the draft of which was edited, supplemented and supplied with a heading by Lenin and endorsed after discussion by the C.P.C. on April 18; it was published on April 20 in Izvestia No. 78 (see Decrees of the Soviet Government, Vol. II, Moscow, 1959, pp. 130-38).

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