With Julius Simon, its president, en route to Palestine, the Palestine Economic Corporation is doing everything in its power to bring to materialization his prediction that Haifa Bay in time will be a city with thousands of factories and with a population of at least 100,000.
Simon made the prophecy just before he left, at the corporation’s annual meeting of shareholders at Temple Emanu-El. In Palestine he expects to carry out his organization’s plans centering around creation of a large water company on a consumers’ profit sharing basis.
At the annual meeting he described town planning of the Haifa Bay area, for which Professor Patrick Abercrombie of England has been engaged.
The corporation’s two fundamental policies in the Holy Land, he said, consist of strengthening basic enterprises and giving assistance to the “small” man.
In a message read at the meeting, Sir Arthur Grenfell Wauchope, High Commissioner for Palestine, praised the work of the corporation and promised increasing harbor facilities at Haifa and Jaffa, the two principal ports in Palestine. His message follows:
“I wish all good fortune to the
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