Sections

EST 1917
Advertisement

Record J.N.F. Income, ¤;560,000, Reported for Past Year

December 1, 1939
See Original Daily Bulletin From This Date

The Jewish National Fund had a net income of ¤;560,000 for the year ended September 30, 1939, the highest in its history, it has been announced by J.N.F. headquarters here. The sum allows for deduction of expenditure by overseas offices.

The major increase was in the United States, where ¤;361,000 or 64 per cent of the entire income, was raised. Great Britain and the British Empire contributed ¤;95,000. English-speaking countries thus accounted for 81 per cent of the entire income of the J.N.F.

Contributions from European countries were seriously restricted by currency regulations. Jewish residents of Palestine contributed 5 per cent of the total.

The J.N.F. also attained a new high record for land purchases by buying 51,892 dunams of land during the recently-ended Jewish year 5699.

Total National Fund holdings at the end of the year were 471,000 dunams, 35 per cent of all the Jewish-owned land in the country, which aggregated 1,356,000 dunams (about 340,000 acres.)

Reporting the stories that define our era. When history unfolds in real-time, the Jewish world turns to JTA. Your support ensures we can document the complexities of war and the resilience of Jewish communities with integrity.

Choose an amount to donate

Recommended from JTA

Advertisement