Zionist Executive in Jerusalem Outlines 1929 Financial Policy

(Jewish Telegraphic Agency)

A statement outlining the financial policy of the Zionist Executive in Jerusalem during the coming Jewish years, 5689. was issued today by the Zionist Executive in the form of a Rosh Hashanah message to the various Zionist groups.

The statement declares that in regard to the anticipated revenue and expenditure in the coming year, the situation is viewed as more difificult now than before the last session of the Zionist General Council in Berlin.

Further budget reductions may be made the Executive declares, stating that it is framing the budget according to the actual prospects of funds to be received. The Keren Hayesod has informed the Executive that an in crease in the previous estimate of its income is unlikely. The question now arises as to how to make the necessary reductions, which it is impossible to do in a mechanical proportion because it would involve a new deficit, since certain items cannot be further reduced. The Executive is therefore forced to revert approximately to its budget proposed in Berlin, resolving, however, to assign £ 2.500 for the cultural committee of the labor federation, which was struck out from the original budget, and to assign proportionate allocations for the cultural committees of the Mizrachi and the Yemenite laborers in addition to £1,200 voted by the Actions Committee for covering the labor cultural deficit.

In conclusion, the Jerusalem Executive states that it feels justified in claiming the support of all Zionists in the task, rendered exceptionally difficult by the present financial situation.

NEXT STORY