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Mond Sees New Prosperity for Palestine when Jewish Agency Begins to Function

Unemployment is Decreasing, Agriculture Makes Progress, Visitor Tells Press Conference (Jewish Telegraphic Agency)

A new era of prosperity for Palestine when the reconstruction work will have been reorganized under the auspices of the Jewish Agency, was predicted by Sir Alfred Mond in a statement made yesterday before press representatives here.

The work of rebuilding Palestine should run along business lines and it should aim to attract capital which can make profits in Palestine as elsewhere. The Jewish Agency survey will bring out all of the country’s possibilities and Palestine will afterwards see a great improvement. Owing to the philanthropic system which has been employed until recently, Jewish capitalists have hesitated to invest in Palestine, he stated.

Practically, Sir Alfred added, there is no crisis in Palestine. Unemployment is decreasing, agriculture, particularly the wine and orange industries, is making progress. The number of factories functioning and workers employed is almost as great today as it was in 1925.

The development of Palestine would be impossible without a harbor and without modern transportation facilities. Both of these will be provided by the planned Haifa harbor, Sir Alfred stated.

Jerusalem, Feb. 2.–Two Jews were among the 253 immigrants who entered Palestine during December, according to official figures published here.

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