Details of an industrial development program for Palestine involving establishment of 125 new factories which will give employment to 6,000 to 8,000 workers were revealed here today by Treasurer Eliezer Kaplan of the Jewish Agency for Palestine.
The program, Mr. Kaplan revealed in an interview published in the periodical Palestine and the Middle East, will be put into effect by a newly-created “supreme economic council.”
The council charged with executing the Agency’s “new economic policy,” will comprise such men as Arthur Ruppin, Dr. Emil Schmorak, Mr. Kaplan, Pinchas Rutenberg, Sigmund Hoofien, M. Shenkar, Julius Simon, Moshe Smilansky and Levi Shkolnik.
According to Mr. Kaplan, the development program will entail an investment of £1,750,000. The projected factories, he said, will be chiefly in the field of textiles and pharmaceutics.
Mr. Kaplan revealed that the Agency Executive has already granted a credit of £100,000 to industry with which to buy raw materials and another credit of £170,000 to various bodies to assure an adequate food supply for the Palestine Jewish community. He said that £700,000 was needed for urgent public works that would provide employment for 6,000 persons.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
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.
