Isaac Berman, president of the Menorah Palestine Building Corporation sailed for Palestine on the Mauretania in connection with the company’s starting improvements on their land.
Before his departure Mr. Berman stated that the Menorah Palestine Building Corporation during its five years existence has sold land in South Jaffa, Jerusalem and on Hod Macarmel in Haifa to many Jews in America. It has already issued 1,109 title deeds to American Purchasers. The Menorah Corporation has now decided to start modern improvements on its land by the construction of roads, installation of water, and the granting of mortagages on easy terms to American investors who desire to build homes on their land in Palestine, he stated.
The Menorah, though a private company, has been endorsed by the American Mizrachi Organization as well as the World Mizrachi Organization.
The company is now offering part of its preferred stock for sale in shares of $100 each, the increase of capital to be devoted to improvement and building enterprises. Last year a dividend of 7 percent was paid to shareholders, Mr. Berman stated.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
