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The Palestine Economic Corporation

  • Z.O.A. Stand on American Chalutzim Clarified; Israel Corporation Merges with P.e.c.

    Clarification of the Zionist Organization of America’s stand on the sending of pioneers from the United States to Israel was given here last night at the Z.O.A. National Administrative Committee meeting by Daniel Frisch, Z.O.A. president. Stressing the need for concrete, constructive plan for selecting pioneers rather than the promotion of sentiment for pioneering, Mr…. More ▸

  • Negev Settlements Report Arabs Infiltrating Israel Are Planting Booby Traps, Land Mines

    Reports reaching here today from Negev settlements indicate that Arabs infiltrating Israel have recently begun to plant booby traps and land mines in areas inhabited by Jewish colonists. The Negev settlers have requested the Army to institute closer supervision of the Jewish state’s borders and to clear “suspicious areas” of explosives. Representatives of the Red… More ▸

  • Palestine Economic Corporation Sends Prefabricated Houses to Israel for Testing

    Three types of small pre-fabricated houses are being sent to Israel for testing by the Palestine Economic Corporation, it was announced today. The houses will be set up by the end of August in various locations to ascertain their suitability for Israel’s climate as well as to determine the cost for a large-scale assembly program. More ▸

  • Housing for 4,500 in Israel Provided by Loan Fund; U.S. Group Administrates Program

    Housing accommodations have been provided for some 4,500 immigrants absorbed in Israeli collective agricultural settlements through a special revolving fund for building loans, it was announced today by Julius Simon, president of the Palestine Economic Corporation, co-sponsor of the fund with the Jewish Agency. Mr. Simon issued the report, compiled as of June 30, in… More ▸

  • Morgenthau and Montor Resign from Palestine Economic Corporation Positions

    Henry Morgenthau, Jr., has resigned as chairman of the board of the Palestine Economic Corporation, it was announced here by Julius Simon, president. At the same time Henry Montor resigned as vice-president and director. In announcing the resignations, Mr. Simon said: “At the last meeting of the board of directors of the Palestine Economic Corporation,… More ▸

  • Lehman Urges Americans to Supplement U.J.A. Contributions by Investing in Israel

    Former Governor Herbert H. Lehman today called on Americans to supplement their contributions to Israel through the United Jewish Appeal by investing private capital in the new state’s industrial and other enterprises. Addressing a dinner meeting of directors of the Palestine Economic Corporation at the Waldorf-Astoria, Mr. Lehman, who recently completed an extensive tour of… More ▸

  • $500,000 Office Building to Be Erected in Tel Aviv by U.S. Manufacturer and P.e.c.

    Joseph Levy, philanthropist and one of the leading clothing manufacturers in the United States, and the Palestine Economic Corporation, have formed a partnership to construct and manage the first U.S.-sponsored office building in Tel Aviv, it was announced here today. A member of the board of directors of the P.E.C., and long active in the… More ▸

  • Alestine Economic Corporation Announces $298,000 Profit for 1948; Seeks New Capital

    The Palestine Economic Corporation, oldest American development company operating in Israel, made a profit of $297,8l4 in 1948, according to the annual report released today. This is an increase of $29,027 over 1947. Capital and surplus also increased over 1947, rising nearly $500,000 from $5,391,663 to $5,890,769 in 1948, the report noted. The Corporation recently… More ▸