This brief official commission speaking turn records Lederer’s move from a particular discussion point to the principles of socialization. He welcomes the debate’s entry into fundamental questions and announces his intention to address them. The concrete proposal he identifies is:
Es ist hier der Standpunkt vertreten worden, daß die Sozialisierung sozusagen durch Auskauf erfolgen soll, und zwar auf dem Wege einer Bezahlung von Annuitäten, die sich auf 30 oder 40 Jahre erstrecken.
English translation: The position has been put forward here that socialization should take place, so to speak, through a buyout, by means of annuity payments extending over 30 or 40 years.
The passage frames socialization through its financing mechanism: a buyout paid over decades. Lederer attributes this position to the discussion; he does not yet endorse or reject it. The supplied text ends before his substantive response, documenting the opening of an argument rather than its conclusion.
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