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Palestine Government Intends to Float $25,000,000 Loan

(Jewish Telegraphic Agency)

A Palestine loan in the amount of £5,000,000 to be floated in London, is contemplated by the Palestine government, the Jewish Telegraphic Agency learns from highly authoritative sources.

The loan, which would be guaranteed by Great Britain and repaid in 50 years, would be used for the expansion of the Palestine railway lines, the telegraph service and harbor improvement. Details of the loan have not been decided upon yet.