The project to settle 1,000 Jewish families on small holdings in the orange-growing zone along the coastal plain of Palestine is now under way with the first 400 families about to be settled, according to reports reaching here from London. The funds to constrict the first 600 houses and to make the necessary improvements on the land have been furnished by the Palestine Economic Corporation.
The plan was publicly announced at the meeting of the Administrative Committee of the Jewish Agency last August in Berlin when it was learned that the funds for the project, which it is estimated will cost 2,175,000, were available. The land on which the 1,000 families are to be settled will probably be the Wadi Hawareth lands of the Jewish National Fund.
The Palestine Economic Corporation, it is understood, has granted credits of $500,000 dollars at the rate of $500 for each house to be built.
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