Warsaw (Nov. 13)
The scheme for establishing a town in Palestine devoted to the textile industry, which was launched at-the beginning of the month in Jerusalem by Messrs. Rosenberg Bros., textile goods manufacturers of Lodz, who settled in Palestine recently, was the subject of consideration at a meeting held in Lodz at the offices of the Central Union of Jewish Merchants. Representatives of merchants, industrialists and experts in the textile goods industry were present.
It is intended to settle on the site of the proposed textile centre about 300 Jewish families, each of them investing Â£400, in return for which they will obtain a plot of land, about 12 dunam in area, a dwelling house consisting of two rooms and a kitchen, poultry, etc., and a Â£100 share in the textile factory to be built there.
About Â£120,000 will be required as working capital for the factory. The 300 settlers will be investing a sum of only about Â£30,000 towards this. The Zionist Executive together with the Pica is therefore prepared, it was stated, to provide the balance of the sum required as a credit loan to be repaid on easy terms.
With regard to the prospects of the textile industry in Palestine, it was said that the figures of imports of textile goods into Palestine make it sufficiently clear that the field is large enough to justify carrying out the project.