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Haavara Gets 30,847,651 Marks in Reich

January 27, 1936
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A total of 30,847,651 marks has been paid in Germany to the Haavara, Palestine office for the execution of the Germany-Palestine transfer agreement, it is disclosed in the first issue of the Haavara News Bulletin, which is to be published twice monthly.

At the end of November, 20,453,693 marks had been paid to Special Account A, which serves immigrants to Palestine, and 10,394,957 marks to Special Account B, which is designed for payments by German Jews who wish to invest in Palestine now and emigrate later, the statistics showed.

Within about two years, Haavara transferred to Palestine 26,005,218 marks, 84 per cent of the amounts paid in Germany, the report said. Of this, 17,792,923 marks were transferred to Special Account A and 8,212,295 to Special Account B.

There are still 4,841,431 marks of the accounts in Germany yet to be transferred to Palestine, the figures showed.

The Lucerne Zionist Congress decided to liquidate the B account and use Haavara exclusively for the transfer of capital of Jews who emigrate to Palestine. A total of 15,891,282 marks have not yet been paid to the Haavara accounts, not including sums registered with the Economics Minister in application for permission to withdraw them under Category A (Capitalist) of Palestine immigration certificates.

The bulletin gives the new Haavara board as including Dr. Werner Senator, chairman and Dr. George Landauer, who represent the Jewish Agency for Palestine; H. Margolis, representing the Anglo-Palestine Bank; Dr. Z. Hirsch of the German Zionist Federation and Dr. L. Pinner of the Association of German Immigrants.

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