London (Jan. 29)
The rapidity of Jewish economic growth in Palestine has its dangers despite the fact that Palestine is today one of the few countries in the world where there is no unemployment, either Jewish or Arab, the Morning Post says today.
“The advent of German Jewish capitalists in Palestine during the last twelve months has had a galvanizing effect upon industry,” the paper says. “New factories equipped in the most modern manner are springing up all over the country. The Holy Land, which during the last decade has been rapidly wakening from its long sleep, has suddenly leaped into a prosperity which, in the midst of world economic depression, is doubly impressive.”
DANGERS OF SPEED
“But,” the paper warns, “the very rapidity of its growth has its dangers. A strong curb must be put upon any possibility of running before walking.”
“It is claimed by the Jews,” the paper continues, “that this is no bubble growth, but rather a second exodus, a migration of capitalists, employers of labor, with their skilled artisans and their modern methods and machinery, from an unfriendly country to one which has been designated as their National Home. The fact that the absorptive capacity is growing has at last been recognized by the government.”
Emphasizing that in addition to the legal entrants there is illegal immigration to Palestine, the Morning Post states that the better elements among the Jews in Palestine, including the Jewish Agency, deplore the growth of illegal entry into the country. The paper predicts that illegal immigration will definitely decline due to the measures taken by the Palestine authorities in cooperation with other countries.
“Illegal immigration on the part of Arabs from Syria and Transjordan, eager to share in the prosperity brought to Palestine by the Jews, has also been considerable,” the Morning Post discloses. The paper estimates that at the moment there are about 20,000 such Arabs in Palestine.