A four-year agricultural plan which would provide for the establishment of 480 agricultural villages with about 100 families in each settlement engaged in farming was today discussed by the Knesset Economic Committee. The plan would also provide for the settlement in these villages of an additional 12,000 families whose members would be artisans serving the agricultural units.
Another four-year plan, calling for the construction of some 45,000 housing units in various parts of the country, was also considered by members of the Parliamentary committee. Sixty percent of the homes will be built in the extreme northern and southern portions of the country, according to the plan.
The Jerusalem Development Corporation disclosed today that plans are under way to double Jerusalem’s population in three years. The company said that to date it has directed the investment of some 500,000 pounds (approximately $1,400,000) in the city.
The corporation said it will confine itself to moderate profits and will plough its gains back into further investments. Besides constructing industrial premises on its own, the firm will extend credit to existing enterprises seeking funds for expansion.
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.
