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Transfer Pact to Continue, Reichsbank Spokesman States

A spokesman for the Reichsbank today informed the Jewish Telegraphic Agency that the Palestine-Germany transfer agreement, by which German Jews are permitted to emigrate to Palestine with a portion of their capital in the form of goods, will continue in effect for an unlimited period.

Because of various measures passed recently by the German Government placing embargoes on export of goods for which no foreign exchange is received, it was predicted in Jewish circles here that the transfer pact would be abrogated by Germany.

The Reichsbank spokesman also declared that the number of capitalists permitted to quit Germany under the transfer pact would not be reduced from twenty a month to ten, although no official decision on this, he stated, has yet been adopted. (To enter Palestine under the capitalist category, an emigrant must possess the equivalent of $5,000.)