Search JTA's historical archive dating back to 1923

Seek Credit Funds Here for Palestine Industries

December 8, 1927
See Original Daily Bulletin From This Date
Advertisement

Seeking to raise a fund for industrial credit, to aid the Palestine industries, a delegation representing the Jewish Manufacturers Associations of Haifa, Jaffa-Tel-Aviv, arrived in New York.

The fund is to be placed at the disposal of the Palestine Industries Bank, chartered by the Palestine government. Elijah Rabinovitch, president of the Manufacturers Association of Haifa and Chaim Weidenfeld, president of the Jaffa-Tel-Aviv Association, comprise the delegation which has the cooperation of Jacob Siegel in its effort.

The delegation represents 343 factories employing not less than 5 workers each and operating plants by motor power. Of this number 60 are active in the textile industry, 30 produce leather goods, 65 lumber mills, 32 building materials, 24 chemical products, 31 are printing plants, 27 are metal works, 57 pack and produce provisions, 17 miscellaneous. According to the estimates of the delegation all these establishments have a total investment of £1,501,500 and require, in order to extend their activities, short term credits amounting to £E225,800 and a fund for long credits of £E43,300. Forty six of the establishments produce material for export.

The delegates declared in a statement to the Jewish Daily Bulletin that if their bank is provided with the necessary funds for extending credit, the employment of an additional four or five thousand workers could be made possible, thus considerably relieving the unemployment of Jewish workers prevailing in the country.

The export of Palestine’s goods is directed primarily to Syria. Of late, however, efforts have been made to direct Palestine goods to South Africa, Egypt, China and the United States. While in this country the delegates will study the possibilities of importing raw materials from the United States and exporting manufactured products to this country.

The laying of the cornerstone for the new community house of Congregation B’nai Jeshurun, New York, will be held on December 18.

The new Community House of Congregation B’nai Jeshurun, of which the steel structure is already completed, is contemplated to cost at least $750,000, including the cost of the land. It occupies seventy-eight feet on 89th Street between Broadway and West End Avenue, directly in the rear of the Synagogue itself, which is on 88th Street. It will be a seven-story building and will include the following facilities: an auditorium to seat 500 people, a banquet hall, a chapel, fourteen classrooms, a Board of Trustees room and executive offices, a Rabbi’s office and study, a billiard room and bowling alley, a work-room and meeting room for the Sisterhood, and a roof garden Succah.

The corner-stone laying ceremonies will be followed by a banquet, to be held the first night of Chanukah, at Pythian Hall.

Rabbi Israel Goldstein, Rabbi of the Congregation, and Charies W. Endel, President, announced the completion of the first year of the operation of the Centennial Momorial Fund which was raised in connection with the Congregation’s celebration of its 100th anniversary in 1925. The amount of the Memorial Fund is $75,000. It has been designated as a special fund, the income from which is to be used to promote Jewish education. The income of the first year since the fund’s operation has been distributed among the Jewish Education Association, the Jewish Center of the East Side, the Women’s League of the United Synagogue of America for its work in the college settlements, and other smaller institutions.

Julius Rosenwald, of Chicago, has promised to contribute $30,000 to the maintenance fund of the Baltimore Hospital and Free Dispensary provided the full amount of the building fund is raised. A campaign to raise $175,000 for the Negro institution is now in progress. The total subscribed so far is $103,000 and it is practically certain that the balance will be contributed.

Dedication of the Adas Kodesch Center Building. Wilmington, Del., will take place on Jan. 1. David Snellenburg will be chairman.

The building is being erected at a cost of $150,000 and will have classrooms and an auditorium, kitchen and offices. A main auditorium, with fully equipped stage, lodge rooms will occupy the balcony. The building will have a swimming pool, gymnasium and handball court.

Recommended from JTA

Advertisement