The “three million mark” transfer arrangement, through which German Jews going to Palestine were enabled to take with them up to 50,000 marks worth of German goods, was renewed today for another 3,500,000 marks. Negotiations are now going on for the establishment of a second account to handle the financial end of the transaction.
However, the German government refused to allow the allotment of £1,000 for the relatives of those German Jews already in Palestine. If a German Jew now in Palestine desires to allot £1,000 to a relative now in Germany, the sum must be credited through the transfer agreement.
The “three million mark” agreement, which was announced last summer at the Eighteenth Zionist Congress in Prague, aroused a storm of criticism all over the world. The Zionists were accused of trading with the enemy. But they retorted that the important thing was to bring the German Jews to Palestine.
The pact, which was concluded in Berlin, provided that the agreement was to be worked through the Temple Bank in the Holy Land and through the Reichstag in Germany. The greater part of the exports to Palestine was to consist of German machinery.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
