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Sees Palestine’s Economic Status Better Than Germany’s

September 3, 1930
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The economic situation in Palestine is now better than that in Germany and “if we in Germany are not too hopeless there is no reason for pessimism as regards Palestine,” declared Max Warburg, noted Hamburg banker and brother of Felix M. Warburg, speaking at a banquet given at the Kaiserhof Hotel here by Felix M. Warburg to the members of the Administrative Committee of the Jewish Agency which is now in session in Berlin.

In his closing remarks at the banquet, which had all the characteristics of a family affair, Felix M. Warburg jokingly said regarding the festivities that “I am the groom and Dr. Chaim Weizmann is the bride.” Other speakers were Dr. Leo Baeck, president of the German B’nai B’rith; Oscar Wasserman, president of the Deutsche Bank and chairman of the board of directors of the Keren Hayesod, and Dr. Chaim Weizmann, president of the Jewish Agency.

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