Agency Considering Parley of Jewish Economic and Financial Institutions, Palestine
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Agency Considering Parley of Jewish Economic and Financial Institutions, Palestine

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A conference of representatives of all Jewish economic and financial institutions in Palestine to take measures to avert a financial panic in the Jewish community as a result of the reaction to the new British policy is being seriously considered by the Executive of the Jewish Agency, it was learned today.

Meanwhile a heartening effect has been created by messages to the Executive from Felix M. Warburg, former chairman of the Administrative Committee of the Jewish Agency, and Lord Melchett, former chairman of the council of the Jewish Agency, both of whom resigned as a protest against the government’s White Paper.

Mr. Warburg cabled, “We are continuing our work bravely.” Lord Melchett has given his Palestine office the reassuring message that he “does not see any reason for the entire situation to influence our rebuilding work. I request you to continue the entire plantation program. I hope shortly to extend my Palestine work.”

Meanwhile public interest in the situation remains tense. Thousands of extra copies of all the Hebrew papers containing the full texts of the government’s statement and the Simpson report were sold today. They arrived from London by airmail Friday and were published in the Official Gazette. They were quickly made available in Hebrew and Arabic.

The B’rith Sholom, the society actively propagating a rapprochement with the Arabs, at a specially convened meeting to discuss the new British policy, failed to come to any decision. The General Federation of Jewish Labor today telegraphed all the Pro-Palestine workers’ leagues in Europe and America to collect signatures for a huge protest petition against the Labor government of Great Britain.

Meanwhile it is unofficially estimated that the changed British policy will hit the government’s revenue resulting in a deficit estimated at more than $2,500,000 for the current year.

High Commissioner Chancellor is reported to have submitted to London the Zionist Executive’s labor immigration schedule. The Left Poale Zion today decided to boycott the legislative council.

Reports that the attorney-general’s office is now drafting two laws to give effect to the White Paper’s recommendations on immigration and land transfer are also current.

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