A report that the Palestine government intends to introduce restrictions against Jewish immigrants who wish to enter the country in the capitalist category with a sum for investment of not less than $5,000, is published today by Haaretz, leading Hebrew daily.
No verification is given in the report. Haaretz is however, considered as a usually well-informed and reliable newspaper which refrains from spreading negative reports calculated to harm the progress of the country and provoke anxiety among the Jewish population.
Up to the present there have been no restrictions on Jewish immigrants in the capitalist class. Only last month about 1,000 were permitted to enter the country without trouble.
Over $100,000,000 has been invested in Palestine by Jewish capitalists in the last five years, it was estimated here today. Any restrictions contemplated against capitalist immigrants will affect not only the industrial development of Palestine but also sources of revenues for the government, it was pointed out.
The Palestine government had a large surplus which amounted in August, 1934, to about $20,000,000. This surplus is the result of the revenue which the government derives from Jewish enterprises in the Holy Land.
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.