Almost $2,000,000, a record sum, was spent by the Jewish Agency for Palestine and the Jewish National Fund in the first two months of 1944, with the largest single expenditure being made for immigration assistance and relief to refugees, as thousands of Jews found homes in Palestine, it was announced here by Dr. James G. Heller, national chairman of the United Palestine Appeal.
In the months of January and February, 1944, the Jewish Agency, with the funds of the Palestine Foundation Fund, its fiscal instrument, spent $1,914,932. The Jewish National Fund spent at the rate of a million dollars for the same period. The inadequacy of income from the United States and the rising rate of expenditures made it necessary for the Palestine Foundation Fund to borrow $1,215,000 from Lloyds Bank in London, Dr. Heller stated.
The rate of expenditures of the Jewish Agency is greater than the estimated budget drawn up at the beginning of the fiscal year, Dr. Heller pointed out in his statement, which emphasized that the Jewish Agency budget calls for $9,315,000 this year or more than $750,000 a month. The January and February expenditures were far in excess of this forecast.
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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.
