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Non-partisan Council for Palestine Economic and Financial Problems

Sir Herbert Samuel, former High Commissioner of Palestine, has consented to serve on a financial and economic council for Palestine which is to be reconstituted, according to a letter from Louis Lipsky, president of the Zionist Organization of America, published by the “Jewish Morning Journal.”

Mr. Lipsky, in reporting the results of his and Berthold Feiwel’s conference with the former High Commissioner in Freiburg, Germany, states that the Zionist Organization plans to reconstitute the financial and economic council similar to that of which Sir Herbert Samuel was chairman in 1920.

The council would have to decide on certain economic problems of the Zionist Organization, such as the organization of banks, the Jewish national loan and the question of financing the Houla concession. It is planned that in addition to Sir Herbert Samuel, other outstanding Jewish economists from various countries are to be invited to serve on the council, including Herr Wassermann and Ernest Kahn of Germany, Sir Alfred Mond and the Marquis of Reading of England, Mr. Visser of Holland, and others. It is not intended that the council will engage in raising funds but in considering financial problems. It is felt that a non-partisan report on each question would be a valuable contribution.

The council will hold its meeting the first week in October.

Samuel, Mr. Lipsky states in his letter, received the Zionist delegation very cordially and expressed his willingness to cooperate with the Zionist Organization, although it is evident that he intends to return to English political life and will not officially take upon himself any Zionist responsibilities.

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