The Palestine Foundation Fund (Keren Hayesod) collected more than L623,000 net last year, of which the United States contributed 62 1/2 per cent, Director Leib Jaffe stated at a press conference today. He emphasized that the Yishub was entering an extremely difficult year, with almost the whole of Europe cut off, and therefore the unaffected countries, had to take the burden.
Eliezer Kaplan, treasurer of the Jewish Agency, reported that while the Agency had received only L500,000 from the Keren Hayesod, it had spent approximately L2,000,000, concluding the year with a L200,000 deficit. The number of persons seeking jobs rose from 24,000 to 26,000 in the past year; the number of unemployed increased from 10,000 to 12,000. However, the influx of Jewish capital increased, reaching last April the proportions of April, 1938 and 1939.
The Agency’s minimum budget for the next year is approximately L3,500,000, Kaplan said.
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