Report to the ... Zionist Congress and to the Council of the Jewish Agency in ... · 1935-08-01 · 8.1935 · p. Seite 150

According to the balance sheet, the commitments of Head Office on March 31st, 1935, stood at £430,288 16s. 6d., including the £400,000 received on account of the loan from Lloyds Bank and the Anglo-Palestine Bank. The balance of £30,288 16s. 6d. is made up as follows : Loan from the Guardian Assurance Co., London, through the intermediary of the English Zionist Federation, London, September, 1932............... ... 12,000 0 0 Balance of Czechoslovakian Loan of £14,329 6s. Sd. earmarked for the consolidation of settlements in the Emek Jezreel. (Negotiations are proceeding for the repayment of hoth the above items before the date of validity) .................. 8,065 10 8- Loan from Phoenix Life Insurance Co. for Jewish Agency Building ......... 5,750 0 0 Loan from Phoenix Life Insurance Co. for Keren Hayesod Building ......... 4,000 0 0 9750 0 0 Less repayment of first instalment on Keren Hayesod Building to Phoenix Insurance Co. 108 16 0 9,641 4 0 (The above two loans are secured by mortgages on the above buildings over a period of twenty years. It is, therefore, impossible to liquidate them with the funds of Lloyds Bank Loan.) To Anglo-Palestine Bank : Interest on their share of Lloyds Bank loan per March 31st, 1935 ... ... ............ 332 1 10 Loan from Ozar Hayishuv for the Keren Hayesod Building. (This loan will be repaid in the course of 1935)......... 250 0 0 £30,288 16 6 Note. An additional amount of £2,008, representing the balance in connection with the repayment of the debt to the Deutsche Bank, will be paid out of the last instalment of Lloyds Bank loan. This amount figures in the balance sheet per March 31st, 1935, under the heading of " Sundry Creditors." The commitments of the Jewish Agency on March 31st, 1935, stood at £86,524. During the period under review Head Office disbursed the following amounts on account of interest on various loans : * 150