This letter was addressed to R. Azriel Zelig Slonim, one of the leaders of the Lubavitch community in Jerusalem.

5 Tammuz, 5711,

Greetings and blessings,

I received your letter of 24 Sivan and I was happy to read in it that the institution Collel Chabad maintains four free-loan funds which are progressively expanding. This is an important matter and particularly appropriate for the needs of the present time.

I am calling your attention to the following matter — certainly, it is still possible for you to correct it: The name Otzar Chabad, [“the treasury of Chabad,”] with which you called these free-loan funds is not appropriate, for it has already been used for spiritual matters, the publication of the manuscripts of our holy Rebbeim,1 זצוקללה"ה, נבג"ם, זי"ע.2 Therefore, you should remove the two words Otzar Chabad, and leave the name Keren Gemilus Chassadim Merkazis Shel Collel Chabad, Jerusalem, [“The Central Free-Loan Fund of Collel Chabad, Jerusalem”]. Seemingly,3 you should also add the acronym ת"ו, [תבנה ותכונן, “May it be rebuilt and reestablished”].

…With blessings and greetings to all the members of our fellowship,

Undoubtedly, you have already received the kuntreis [that was sent].