A thorough inquiry into Jewish investments in Palestine during the past year was recently carried out for the first time by the American Economic Committee for Palestine, of Tel Aviv, showing that in spite of uncertainty and unrest no less than £5,849,000 (about $29,245,000) were invested in 1937.
The sum of £2,881,700 was invested in construction, consisting of new buildings and additions to existing buildings; this represents more than half of the total; agricultural investments, including citriculture took £1,130,000; investments in industry and handicrafts £717,300; £569 were invested in rural and urban land purchases and an equal amount in commerce, transport and hotel and other services.
This total of nearly £6,000,000, the Committee points out, represents only the ascertainable investments, since, as in former years, there was in 1937 an appreciable volume of investments which could not be traced.
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