More than £6,000,000 was the sum invested by Jewish financiers during 1933 in this country, according to a special report made by the Jewish Telegraphic Agency Bureau. To this fact chiefly is due the increasing prosperity of the country. In the previous year the figure was less than half its present size.
The addition there was £500,000 pounds invested in education and health which accrued to the benefit of Hebrew University, health branches of American Hadassah and the Technical College of Haifa.
NEW PLANTATIONS
Of the £6,000,000 investments, over £1,400,000 was absorbed by new plantations. About £1,200,000 was invested by the Pica, the Keren Hayesod and by private land owners in agricultural undertakings.
About £2,600,000 has been placed into the construction of houses and of this sum no less than £1,600,000 has fallen to the building trade in Tel Aviv and the neighboring village of Ramat-Gan. Roughly £800,000 had been invested in industrial enterprises. Besides these productive investments, £10,000,000 had been deposited in the Palestine banks, according to an official communique issued here.
This sum, which is double the amount deposited in Palestine banks in 1932, is unable to find its way into constructive channels.
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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.
