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Reich – Zion Barter Pact Held Vital

December 7, 1934
See Original Daily Bulletin From This Date

A sum of not less than 450,000 German marks (approximately $200,000) has been received by the existing Zionist funds and other Zionist institutions in Palestine as a result of the barter agreements between Germany and Palestine, it was disclosed here today in a formal statement issued by Haavara, organization supervising the transfer.

Haavara declares that the existing transfer agreement represents the only way for transferring to Palestine Zionist funds contributions collected in Germany for Zionist activities.

Lacking this arrangement, the statement points out, activities conducted in Germany on behalf of the Jewish National Fund and the Keren Hayesod, would be threatened with total paralysis by the impossibility of sending out the sums collected to Palestine.

The announcement also discloses that not less than 40,000 marks— about $16,000—have been transferred by this organization to the Jewish Agency during the last month alone.

“Until recently,” Haavara announces, “the German government used to transfer in foreign exchange to the Jewish Agency for Palestine the special emigration tax raised by the German authorities from German Jews who migrated to Palestine. Owing to the growing scarcity of foreign exchange in Germany, the German government has now suspended the transfer of money in foreign exchange to the Jewish Agency.

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