J. N. F. Gives £15,500 for Haifa Bay Region

The Jewish National Fund for Great Britain and Ireland sent to Palestine a sum of £15,500 for the amelioration of the Haifa Bay area. The amount was received by the Jewish National Fund as the first instalment of the loan of £25,000 which it has obtained from the Norwich Union Life Insurance Company, pledging its income for the next six years. The loan was raised, as Leopold Schen, the president, explained at the Jewish National Fund Conference held last week at the specific request of the Jewish National Fund headquarters in Jerusalem. “The interest we are paying,” he said, “is less than the bank rate today. We are to repay this loan in twelve six-monthly instalments, beginning eighteen months after the date of signature.”

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