The observations I have made during the last few months have convinced me more than ever, Mr. Emanuel Neuman, head of the Economic Department in the Jewish Agency Executive, said in a statement to the Jewish Telegraphic Agency when he left Palestine (as reported by cable in the J.T.A. Bulletin of the 22nd. inst.), in order to continue his work for the organisation of the financial institutions and to obtain the co-operation of certain bodies, that the time is ripe for a new advance on the part of organised Jewry for the economic development of Palestine.
The economic structure we have reared here is built on sound foundations. The character and resourcefulness of the Yishuv, the economic position of the country, and the progress made during the recent years warrant, in my opinion, the investment of further capital on a sound basis.
Although the Jewish Agency has been severely handicapped of late, financially speaking, because of the world-wide depression, we feel that the time is ripe for new economic activities. I am particularly impressed by the fact that there has been accumulated in recent years a body of experience among Palestine Jewry which augurs well for the future. In agriculture, as well as in trade and industry, there are men who are capable of developing and extending our positions in the country with the aid of fresh investment capital from abroad. It is our intention to work in close contact with these forces.
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.
