Report to the ... Zionist Congress and to the Council of the Jewish Agency in ... · 1935-08-01 · 8.1935 · p. Seite 155

F.—Bequests and Trust Funds. Shemtov Bequest, Basrah (Iraq) : In 1933, the income from this bequest was £392 17s. 2d., and the expenditure £274 10s. 2d., showing a credit balance of £118 6s. 5d. In order to secure an income from this bequest for the future, Head Office, in agreement with the executors under the will, decided to lease the estates involved for three years, from April 1st, 1934 to March 31st, 1937, for £600. In accordance with the decision of the executors the sum of £650 was distributed for educational and health institutions as follows : £ s. d. For Kindergartens for poor children ... ... ... 200 0 0 ,, Equipping schools with furniture, teaching apparatus, and kitchens ... ... ... ... 150 0 0 „ Opening an institution for lepers near Jerusalem 200 0 0 „ Ezrath Nashim (Mental Home) Jerusalem .... 50 0 0 ,, Society in aid of the Insane in Tel-Aviv ... ... 50 0 0 £650 0 0 The above sum was handed to the Vaad Leumi for distribution as above. On March 31st, 1935, the Shemtov Bequest account showed a credit balance of £317 7s. 4d. The Trust Fund established by the late Mrs. J. Schiff of £2,060, invested in debentures of the General Mortgage Bank of Palestine, yielded £398 14s. Od. interest, which was paid to the Technical Institute. An amount of £28 was passed to the Social Service Department of the Vaad Leumi for providing agricultural training for a girl, representing the income from a trust fund established in the name of Josef and Amalie Kohn-Bernstadt. For formal reasons Head Office could not yet receive funds out of the Trust Fund established by the late Charelick Salomon, Bulawayo, destined for the erection of an immigrants' hostel near the Yarkon in Tel-Aviv. After deducting the death duties, approximately £24,000 will be left, of which £10,000 will be spent on the land and the building, whilst the income from the balance of some £14,000, which has been invested in securities yielding 5 per cent, interest, will be used for the maintenance of the hostel. Head Office has already acquired a plot of 6J dunams net on the Yarkon in Tel-Aviv from the Central Office for Workers' Dwellings and has made an advance payment of £2,706 lis. Od. III.—Expenditure of the Keren Hayesod Head Office. Table III. shows the expenditure of the Head Office for the two years on account of the various budget items : 155