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Zionist Executive Defends Transfer Pact

The transfer agreement between Palestine and Germany is defended in a statement issued today by the Zionist Executive, which declares that it represents the only method by which a maximum of Jewish capital can be transferred from Germany to Palestine.

The statement points out that Germany does not profit from the arrangement since the capital realized from the sale of German goods in Palestine does not return to Germany. It also emphasiz-

es that in accordance with the decision of the 19th World Zionist Congress at Lucerne the Zionist Executive now closely supervises operations of Haavara, Palestine trustee office for the execution of the agreement.