Shares of the Tel Aviv Harbor Development Company, recently formed to develop this all-Jewish city as a seaport to make it independent of neighboring Arab Jaffa, will be placed on sale Thursday, it was announced today.
Subscription lists in Palestine will close June 2. Whatever shares remain will be placed on sale abroad. Fifty percent of the stock has been secured by the Jewish Agency for Palestine together with the municipality of Tel Aviv. Total capitalization is $750,000.
Help ensure Jewish news remains accessible to all. Your donation to the Jewish Telegraphic Agency powers the trusted journalism that has connected Jewish communities worldwide for more than 100 years. With your help, JTA can continue to deliver vital news and insights. Donate today.
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.