London (Aug. 23)
(Jewish Telegraphic Agency)
Bernard Baron, well known Anglo-Jewish philanthropist, has purchased shares in the Palestine Electric Corporation, which is a part of the Ruttenberg electrification and irrigation plan for Palestine, according to an official announcement of the Zionist Organization here.
The shares purchased by Mr. Baron amount to Â£100,000. Mr. Baron is the largest individual shareholder in the Palestine Electric Corporation. He recently donated $125,000 to the Keren Hayesod.