Shares of the Tel Aviv Harbor Development Company, recently formed to develop this all-Jewish city as a seaport to make it independent of neighboring Arab Jaffa, will be placed on sale Thursday, it was announced today.
Subscription lists in Palestine will close June 2. Whatever shares remain will be placed on sale abroad. Fifty percent of the stock has been secured by the Jewish Agency for Palestine together with the municipality of Tel Aviv. Total capitalization is $750,000.
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