Political report of the Executive of the Jewish Agency submitted to the ... Zionist Congress and the ... session of the Council of the Jewish Agency · 1937-08-01 · 8.1937 · p. Seite 73

APPENDIX II. [T GOVERNING LETTER TO THE MEMORANDUM OF THE JEWISH AGENCY TO THE PERMANENT MANDATES. COMMISSION FOR 1935 HIS EXCELLENCY, THE HIGH COMMISSIONER FOR PALESTINE, Government Offices, Jerusalem, 30th April, 1936. JERUSALEM. Your Excellency, On behalf of the Jewish Agency for Palestine, recognised under Article 4 of the Palestine Mandate, I have the honour to request that the accompanying Memorandum on the development of the Jewish National Home in Palestine in the year 1935 may be transmitted, through the proper channels, to the Secretary-General of the League of Nations, for the information of the Permanent Mandates Commission. 2. The Memorandum records a further year of marked economic progress. Jewish immigration of all classes in 1935 exceeded the figure of 60.000. The development of agriculture and industry proceeded apace and Jewish immigration continued to contribute to the growth of Government revenue. In the last quarter of the year 1935 economic conditions were to some extent disturbed by the repercussions of the Italo-Abyssinian conflict. Early in September there was a run on some of the banks which, though quickly checked, left its mark for some time on the economic situation, principally in the restriction of credit. The slight setback to economic activity resulted in some unemployment. Since the beginning of the current year conditions have shown a gratifying improvement and the upward trend of economic development may be said to have been resumed. The economic structure of Jewish settlement and development work has shown remarkable powers of recuperation. The banking system has overcome its temporary difficulties, and at present local deposits and the infux of capital from abroad are on the increase. The number of unemployed Jewish workers is now the same as in the months of October and November 1935, when it was estimated at 5% of the total Jewish working class — not more, in fact, than a