FRANKFURT (May. 25)
The establishment of a revolving loan fund to help Jews in Germany become self-sufficient artisans, professionals or businessmen, announced yesterday by the Joint Distribution Committee and the Central Welfare Agency of the Jews in Germany, was seen here today as another indication of the consolidation of a postwar Jewish community in Germany.
The two organizations have revealed that sums up to $1,000 will be made available by the JDC and the welfare agency from monies turned over to them by the Conference on Jewish Material Claims Against Germany. The German Jewish communities will also supply a portion of the capital of the loan funds. The funds will be set up locally in Frankfurt, Munich, Berlin and one city in the British zone.
Initiative for establishing the free loan funds came from the JDC which brought Noel Aronovici, its reconstruction expert, to Germany as a technical advisor on the project. The preliminary meeting was called jointly by James P. Rice, JDC director for Germany, and Dr. Berthold Simonsohn, head of the Central Welfare Agency. Also present at that session were 30 Jewish communal and business leaders including Hans Schueller, president of the Jewish Trade Association, and Dr. H. G. Van Dam, secretary general of the Council of Jews in Germany.
Moses W. Beckelman, JDC overseas operations chief, today announced that the JDC’s main office in Germany will be moved from Munich to Frankfurt. The move will assure closer liaison between the rehabilitation agency and the Central Welfare Agency and the Jewish community groups.