Report to the ... Zionist Congress and to the Council of the Jewish Agency in ... · 1935-08-01 · 8.1935 · p. Seite 160

LIABILITIES. £P. Mils. £P. Mils. Brought forward ... £P.736,772.756 Trust and Earmarked Funds (see contra) ... 8,146.689 Loans— 1. Lloyds Bank Consolidation Loan (secured by a Debenture giving a specific and floating charge on the Assets of the Company) ......... ...... 400,332.090 2. Zionist Federation, London (Guardian Assurance Company, Limited) ...... 12,000.000 3. Loans in Czechoslovakia ......... 8,065.534 4. Phcenix Life Insurance Company, Vienna (secured by a Mortgage on the Office buildings) ............ .... 9,641.200 5. Vaad Leumi (Otzar Hayishuv) ...... 250.000 —- 430,288.824 Creditors— Shemtob Estates, Basrah (Trust Account) ... 317.366 Sundry Accounts ............... 7,183.019 Bills Payable ............... 681.500 - 8,181.885 Employees Pension and Insurance Fund— per Contra.................. 336.064 Note :—There is a Contingent Liability for Guarantees amounting to £P. 11,277.689 £P.1,183,726.218 AUDITORS' CERTIFICATE. We have audited the Balance Sheet of the Erez Israel (Palestine)- Foundation Fund Keren Hayesod Limited, dated March 31st, 1935, as above set forth. We have obtained all the information and explanations which we have required. With regard to Long Term Loans to Agricultural Settlers, amounting to £P.699,397.542Mils, and Loans to Immigrants and Sundry Advances, amounting to £P.105,653.524Mils, which are under the administration of the Jewish Agency for Palestine, we have accepted a Certificate from the Auditor of that Agency that these items are in accordance with the relative accounts kept by the Agency. In our opinion the above Balance- Sheet is properly drawn up, so as to show a true and correct view of the state of the Company's affairs, according to the best of our information and the explanations given to us and as shown by the Books of the Company. Russell & Co., Chartered Accountants, Jerusalem, Auditors. June 27th, 1935. j6o