Salonica Jewish Community Retrenches to Prevent Bankruptcy
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Salonica Jewish Community Retrenches to Prevent Bankruptcy

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Drastic measures to prevent the bankruptcy of the Salonica Jewish Community were adapted today by its executive committee. It is expected these measures will reduce the community’s deficit from 850,000 to 200,000 drachmas.

The committee decided on a wholesale dismissal of teachers from Jewish communal schools, cancellation of subventions except to the Palestine Foundation Fund and removal of the community’s offices to less expensive premises.

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