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$800,000 Invested by the Jewish National Fund in 1922

April 27, 1923
See Original Daily Bulletin From This Date

The total expended in Palestine by the Jewish National Fund during the year 1922 reached £158,864 or approximately $794,320, it is learned.

This amount compares very favorably with that spent in 1920 when the investments of the National Fund totalled the highest figure for any one year since its foundation. namely, £161,300. The present sum was expended as follows:

For land purchases £E100,483.563; for land improvement £E34,901.434; afforestation and planting £E7,254.242; buildings £E5,295.952; loans £E6,9###7.146. Total £E154,892.327.The sums spent on purchasing and improving land are thus 87% of the total as compared with 84% in 1924 and 37% in 1920. This is in accordance with the policy of the National Jewish Fund to concentrate more and more on land acquisition and its preparation for immediate colonization. £E 40,000 was paid on account of the land purchases in the Valley of Jezreel where most of the improvement works were carried out. At a time when other Funds had run low and the condition of the settlers was critical, the National Fund was able to employ hundreds of workmen on its Drainage schemes and Water Installation works. Had these essential works not been carried out the Emek colonies could never had recorded their present progress, it is stated.

The Head Office of the Jewish National Fund, it is learned, views the future with some concern as it is now spending its reserve resources and its present income is not adequate to enable it to continue to discharge its great responsibilities. A serious effort must be made, in the opinion of the Directors, to augment the revenue of the Jewish National Fund.

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