Loan Societies in Poland Get $95,000 Credit

The sum of $95,000 has been assigned by the American Joint Reconstruction Foundation as an initial credit for Jewish free loan societies and cooperatives in Poland, it was announced yesterday by Dr. Berhard Kahn, European director of the Joint Distribution Committee.

This sum is a part of the $370,000 appropriated by the Foundation at its last session in Paris on December 16 for free loan societies and cooperatives in various East European countries.

Ninety-six thousand dollars was appropriated at this session for credit work in Germany, in addition to the $100,000 previously granted for German Jewish credit societies.

$25,000 TO LATVIA, LITHUANIA

The announcement discloses that of the appropriated $370,000 a sum of $25,000 will go for Jewish credit relief in Latvia and Lithuania. Seventy-two thousand dollars will go for Jewish credit societies and cooperatives in Bukhovina. Forty-three thousand dollars will go for Bessarabia. Transylvania and Old Rumania will get $15,000 each. Austria is to get $2,500. All these sums are to be used for credit and cooperative relief only.

The American Joint Reconstruction Foundation was establised in 1924 to extend aid to and strengthen the Jewish cooperative movement in Eastern and Central Europe which had been previously created by the sub-committee on reconstruction of the Joint Distribution Committee, of which Governor Herbert H. Lehman was chairman. The total Joint Distribution Committee investment and advances to the Foundation from 1924 through 1933 amount Dr. Kahn stated, to $3,004,979. The investment and advances by the Jewish Colonization Association for the same period were $1,748,710.