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Jewish Agency Debt Reported Grown by $56,000,000 Since Last Congress

November 22, 1960
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The Jewish Agency’s indebtedness has grown by $56,000,000 since the last Zionist Congress, almost five years ago, it was stated here today by Dov Joseph, Agency treasurer, addressing members of a United Jewish Appeal study mission from Toronto, Canada.

During the last four and a half years, he said, the Agency spent 955 million Israeli pounds ($536,800,000) for the absorption of 190,000 new immigrants here and for consolidation of the position of immigrants who arrived here prior to 1956.

Dr. Joseph told the mission that he does not agree with those who advocate that “the Agency should live within its means.” American Jewry, he maintained, “could provide $20,000,000 more annually and not even feel it.” Israel, he said, is not getting “a fair share” of the philanthropic funds raised in the U. S. and Canada for overseas aid.

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