The Palestine Loan Bill was passed in the House of Lords on its third reading. During the second reading, the Earl of Clarendon ###yed the adoption of the resolution. ### Earl said that he is confident the House of Lords will not dispute the desirability to utilize Great Britain’s credit for the development of the resources of the Empire. “It is our duty to help the mandated territories just like the colonial dependencies. We cannot place them in a worse position because of the fact that they are not strictly a part of the Empire. The British taxpayer is not involved in this loan because the loan is amply covered by the revenues of the country. The Palestine loan will create a substantial volume of trade for Great Britain.”
Lord Arnold, who took part in the debate, stated that the Labor party favors the loan and warmly approves of the Zionist movement. He rejoices in the great progress of Palestine, which is a gratification to Lord Balfour, whose part in this development is a matter of history, he said.
Lord Clarendon, concluding the debate, repeated the assurance of Colonial Secretary Amery that a fair wage clause will be inserted in the contracts under the loan.
Sir Herbert Samuel, former High Commissioner of Palestine, gave his views on the situation and prospects of Palestine development before the Palestine Parliamentary Committee of the House of Commons.
Forty members of the Committee were present when Sir Herbert delivered his address under the chairmanship of Samuel Finburgh. After the address, Sir Herbert answered a number of questions put by the members.
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.
