(Jewish Telegraphic Agency)
Reorganization of the Ort Reconstruction Fund on a new basis, to enable it to extend its field of work, is being effected at a series of meetings held here.
The Reconstruction Fund which was established in 1925 concentrates the entire credit activity of the Ort. The Fund is at present registered as a limited company, and the intention is to transform it along lines corresponding more to the social activities of the Fund, somewhat on the model of the American Joint Reconsruction Foundation or the Jewish National Fund. The plan has received the approval of the General Meeting of Shareholders of the Fund held here recently, and the Directorate has been instructed to carry the plan into effect. The Reconstruction Fund in association with the Ort Federation and the Agrojoint holds the capital of the Co-operative Tools Supply Company, each of them holding a third of the capital.
The financial report of the Fund covering the period to December 31, 1927 showed that up to that time, credits had been granted for agriculture (providing seeds, cattle, horses, and for various amelioration work) in Russia, Poland, Roumania, Latvia and Lithuania, amounting to $159,393 and that investments in the Co-operative Tools Supply Company in Berlin and London for the purpose of providing tools and raw materials for artisans and agriculturists in Eastern Europe amounted to $54,101. The capital of the Fund on January 1, 1928, amounted to $265,669.
The Directors elected are D. N. Soloweitschik, chairman, Dr. Leo Bramson, Dr. J. Brodnitz, Herr Wilhelm Graetz, Herr Julius Hepner, Dr. D. Lvovitch. Dr A. Singalovsky, Professor S. Frankfurt, Wilhelm Kleeman, director of the Dresdner Bank. Joseph Prag, London, and J. Zegelnizki, the Ort representative in Moscow.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
