London (Jun. 27)
The funds collected in the United States for Zionist endeavors in Palestine greatly benefit Britain’s financial structure by increasing its dollar credits, the Manchester Guardian points out today. It says that Palestine is the only Middle Eastern country bringing dollars into the sterling area–through the Zionist collections and the sale of diamonds.
On the other hand, the Guardian writes, the merchants of Transjordan are making fortunes purchasing non-essential items in the United States and reselling them in neighboring countries, thus expending precious dollar credits.