£4,500,000 Loan Not for Zionist Organization Explains Executive
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£4,500,000 Loan Not for Zionist Organization Explains Executive

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Says All Money Used by Z. O. Was Contributed by Jewry (Jewish Telegraphic Agency)

Not a cent of the four and a half million pound loan to he floated by the Palestine Government under the guarantee of the British Government. will go to the Zionist Organization or any of its institutions or settlements, a statement issued here by the Zionist Executive declares. The statement was issued in order to dispel the notion prevalent in some quarters that the Zionist Organization is being encouraged to make use of part of the money from this loan for furthering Zionist enterprises in Palestine.

The Zionist Executive points out that the Zionist Organization has not received any financial assistance from Great Britain or the Palestine Government and that all the money hither to spent in the establishment of the national home was contributed voluntarily by the Jews in the various countries.

A minimum of ten million pounds has been brought into Palestine during the last five or six years by Jews and the ably benefited by the influx of Jewish capital, coupled with Jewish the Zionist Executive declares.

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