Mr. Speaker. the following article by Don Peretz from the January 1956 issue of Jewish Social Studies is important reading to those who wish to better understand ArabIsraeli relations: ARAB BLOCKED BANK AccouNTs In IsRAEL1 (By Don Peretz) The United Nations Conciliation Commission for Palestine (CCP) was set up in 1949 for the purpose of establishing peace between Israel and. the Arab nations. One of its major efforts and accomplishments was the release of about 6.000 Arab refugee accounts in Israeli banks. with a total value of approximately EP4.000.000. These accounts were blocked in 1948 by an order issued by Israelis Government which provided for the freezing of absentee property. Although the issue of the blocked accounts of Arab refugees is an integral part of the question of the absentee property of the Arab refugees and is closely linked to the problem of compensation for such property. it has been treated by the COP as a separate problem. particularly after this agency began to shift its activities from political to functional areas. Since the failure of the Paris Conference in 1951.2 the CCP has concentrated nearly all of its efforts on compensation and blocked accounts. However. the only tangible result of its work is the Israel Governments agreement to release the frozen Arab accounts.
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refugee refugees