Germany is behind in the cashless transfer of money. In England checks have become widely accepted. In America, children learn how to fill out a check in school. We demand a significant expansion of the money transfer system, in particular of the Reich Bank and the Post Office banks, as well as the systems of the other credit banks. We further demand legal protection for cashless money transfers, as already exists in other countries, so that he who writes a check or transfers money at post office banks or Reich Bank branches without having the necessary funds in his account will be severely punished. Postdating checks or transfer orders will also be punishable.
Postal checks will have aconvenient size.
An expansion of the money transfer system will help eliminate the shortage of currency in circulation, and also concentrate the money within the economy, as has happened in England, and which has contributed to the leading role of the London financial market. This will also increase the credit basis for job creation. The expansion of the money transfer system will also make the overall financial situation clearer and decrease the cost of money transfers.