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Palestine Firm Reports Profits

Substantial profits were revealed today at the annual meeting of the Industrial and Financial Investment Corporation of which Emanuel Neumann, American Zionist leader, is the executive director.

It was reported at the meeting that the corporation, despite its existence of only one year, has carried out many important transactions to further industry in Palestine. The projects in which the corporation participated during the year are now operating on capital of over a million dollars provided by the corporation.

The meeting also was informed of a number of new enterprises which the corporation intends to promote and which are of importance to the industrial development of Palestine.