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Advice from New York | January 13

A representative of the New York office of Intria International Trade & Investment Agency Ltd., London, advises a client in New York to use the “Haavaramark” for “transfers to persons of Jewish descent residing in Germany.” The Haavara (transfer) Agreement had been made between Zionist representatives and the Nazis in 1933. It enabled emigrants to deposit money in a German account, which was used to pay for the import of German goods to Palestine. The proceeds from the sales of these goods in Palestine, after the deduction of costs, was disbursed to the new immigrants.