Main topics: matters of immigration. Weapons procurement and delivery to Eretz Israel. Report on activities, problems and conflicts between members of branch and attempt at reorganization. Propaganda and Hasbarah. Reports on envoy activities in South America. Establishment of pilots club. Appeal for iron and transfer of raised funds. U.S. branch refusal to be included in agreement with Hatzohar regarding fundraising cooperation. Relations with League for A Free Israel and the Revisionists. Proposal for Etzel preparation in light of United Nations partition resolution.