Warburg Views Economic Status of Palestine As Normal
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Warburg Views Economic Status of Palestine As Normal

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While the suspension of immigration to Palestine has a depressing effect and although there is some slight unemployment in the country the economic situation of Palestine is normal, Felix M. Warburg, chairman of the administrative committee of the Jewish Agency, who is visiting here, said today. The slight unemployment will be absorbed by the various building activities planned, Mr. Warburg explained.

As part of the new building activities, Mr. Warburg today approved the architect’s plans for the new building of the Hebrew University in Jerusalem. Estimates will be received shortly for this work which Mr. Warburg hopes will start soon. The building program for the Hebrew University will involve an expenditure of approximately $400,000. Mr. Warburg also said that the building program of the Palestine Emergency Fund will get under way soon.

Satisfaction that the Brandeis Mack group had resumed an active part in the work of the Zionist Organization of America was expressed by Mr. Warburg who expects that it will strengthen the Zionist front. The general situation of the Jewish Agency was discussed here at a meeting in which Dr. Cyrus Adler, president of the American Jewish Committee and a member of the Agency’s administrative committee; Dr. Chaim Weizmann, president of the Agency; Pinchas Rutenberg, Mr. Warburg and Col. Frederick Kisch, chairman of the Agency’s Executive in Palestine, participated.

Mr. Warburg also conferred with Baron Edmond Rothschild.

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