True, agriculture in its elementary form does not depend to any great extent on the world market, and at any rate it will provide those engaged in it with food, if not with plenty. But if the Jewish State sets out to save all those Jews who are in the grip of the material problems, or most of them, by turning them into agriculturists in Palestine, then it must first find the necessary capital. At Basle, no doubt, one heard naïve and confident references to a “National Fund” of ten million pounds sterling. But even if we silence reason, and give the rein to fancy so far as to believe that we can obtain a Fund of those dimensions in a short time, we are still no further. Those very speeches that we heard at Basle about the economic condition of the Jews in various countries showed beyond a doubt that our national wealth is very small, and most of our people are below the poverty-line. From this any man of sense, though he be no great mathematician, can readily calculate that ten million pounds are a mere nothing compared with the sum necessary for the emigration of the Jews and their settlement in Palestine on an agricultural basis. Even if all the rich Jews suddenly became ardent “Zionists,” and every one of them gave half his wealth to the cause, the whole would still not make up the thousands of millions that would be needed for the purpose. There is no doubt, then, that even when the Jewish State is established the Jews will be able to settle in it only little by little, the determining factors being the resources of the people themselves and the degree of economic development reached by the country. Meanwhile the natural increase of population will continue, both among those who settle in the country and among those who remain outside it, with the inevitable result that on the one hand Palestine will have less and less room for new immigrants, and on the other hand the number of those remaining outside Palestine will not diminish very much, in spite of the continual emigration. In his opening speech at the Congress, Dr. Herzl, wishing to demonstrate the superiority of his State idea over the method of Palestinian colonisation adopted hitherto, calculated that by the latter method it would take nine hundred years before all the Jews could be settled in their land. The members of the Congress applauded this as a conclusive argument. But it was a cheap victory. The Jewish State itself, do what it will, cannot make a more favourable calculation.