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Jerusalem Chamber Opposes Stock Exchange

The Chamber of Commerce of Jerusalem has issued its report for the second half of last year. It notes a great improvement in the railway situation and a first increase in duties on imported goods. It welcomes the decision not to allow increase of rents for houses and shops. It calls attention to the cost of goods at Jaffa and Haifa, urging the Jaffa and Haifa Chambers of Commerce to persuads the Government to enforce a reduction in the charges or take over itself the landing of goods.

It speaks of the suggestions made for the establishment of a Stock Exchange in Jerusalem, but it feels that the time has not yet arrived and a definite need should first arise before seeking to satisfy it. To establish an Exchange just now would benefit no one and at the same time lay us open to the suggestion that we want to encourage speculations when there is no sound basis of investment.

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