BERLIN (Apr. 3)
A plan that would enable German Jews to emigrate with their capital, involving an increase of German exports to certain countries, is now being discussed in London financial circles, it was learned here today.
The plan provides for the establishment in London of a financial institution, which would grant loans to small Central and South American countries that are seeking to develop their railways, harbors and industries.
In operation, the plan would work thus: With the loans advanced them by the London institution, the countries would purchase necessary machinery and equipment in Germany, paying part of the cost with foreign currency. The remainder of the loans would be used to pay out the German-Jewish migrants who are permitted to settle there. The balance of the machinery and equipment cost would be paid in Germany to the German manufacturers with the capital left behind by the emigrants under an agreement similar to that in effect between Germany and Palestine, or the Haavarah.