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Loan Societies in Poland Get Added Subsidy

May 16, 1934
See Original Daily Bulletin From This Date

The Polish government has granted a subsidy of 100,000 zlotys (approximately $19,000) for the current year to the Jewish free loan societies in that country subventioned by the American Jewish Joint Distribution Committee, the United Jewish Appeal announced yesterday.

This subsidy is an increase of 25,000 zlotys over the Polish government’s 1932 grant to the 660 societies.

Jewish free loan work in Poland was begun by the Joint Distribution Committee in 1926. Since its inception the committee has supplied the societies with $1,100,000. Contributions from Jews in Poland have added $900,000. Loans issued by the societies amount to about $2,000,000 a year to from 100,000 to 150,000 people. Over a period of eight years loans have been given to 1,200,000 persons, totalling about $13,500,000 in revolving credits.

Of the money furnished by the Joint Distribution Committee, $325,000 has been repaid by the societies, and reapplied by the American organization toward their further development.


A dinner of the liquor division of the Trades Council of the New York United Jewish Appeal will be held tonight at the Metropolitan Club, where the industry will be organized to obtain a part of the $1,200,000 quota of the German Jewish relief campaign launched last Sunday. Richard L. Blum is chairman of the division Charles A. Cowen will speak.

The Metropolitan Carpet Club will also meet tonight at the Broadway Central Hotel, where Harry Lack and Rabbi William F. Rosenblum will speak.

The group of workers in Astoria and Long Island City, headed by Nathan A. Goldenthal, will have a mass meeting tonight in Astoria.

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