The loan which the Palestine Government is reportedly seeking is for 2,500,000 Palestine pounds, according to Haaretz, Hebrew daily. The loan is to be allocated for the following purposes, the paper reports: Jerusalem water supply, £300,000; Jerusalem drainage system, £200,000; Agricultural bank, £500,000; settlement of landless Arabs £500,000; Jaffa port improvement, £150,000; Haifa water supply and drainage, £150,000; water supply and drainage in the villages, £150,000, and the Jerusalem central post office building, £50,000.
Help ensure Jewish news remains accessible to all. Your donation to the Jewish Telegraphic Agency powers the trusted journalism that has connected Jewish communities worldwide for more than 100 years. With your help, JTA can continue to deliver vital news and insights. Donate today.
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.