New regulations governing the transfer of capital by German Jews emigrating to Palestine were officially announced last night by Dr. Franz Meyer, director of the German Palestine Office, addressing a meeting on emigration of German Jews to Palestine.
Dr. Meyer explained that the changes were dictated by “The Palestine crisis” and by the inability of the German Government to meet its obligations abroad. The new regulations are as follows:
The first obligation under the transfer will be #1,000 for each emigrant to Palestine. (#1,000 is the minimum under Palestine laws qualifying an immigrant to enter in the capitalist category.) This sum will not be paid to the emigrant until a period of twelve months has elapsed from the time he has left Germany.
Capitalists bringing more than #1,000 in goods under the transfer agreement will receive additional payments up to another #1,000, but this sum will be paid only after every other German emigrant in the category has received his first #1,000.
No person can under any condition receive more than the maximum of #2,000, no matter how much capital goods he transfers to Palestine. The excess over #2,000 will be paid in shares of Palestine enterprises.
No person will henceforth be permitted to export from Germany, even under the transfer agreement, goods to a value of more than 50,000 marks (about #4,000).
Dr. Heinrich Stahl, president of the Board of the Berlin Jewish Community, addressing the same meeting, emphasized that the financial situation of the Community is growing worse daily as a result of the emigration of wealthy elements while the needs of the community are increasing as a result of growing poverty among the Jews.
It was estimated that the loss in income ### Community as a result of the decrease in the number of ######### marks (about $800,000) while its expenses ### doubled.
Dr. Stahl denied reports that three large Jewish enterprises ### Israel’s Department Store, M. Gruenfeld Linen Textile St### the A. Rosenheim Leather Novelties Co. — have been sold ### ans.” The stores operated without bank credits, he said. ### probably accounted for their ability to withstand the ### pressure.”
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