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Polish Government Subscribes £1,000 Towards Share Capital of Palestine Poland Immigrant Bank Opened

January 23, 1931
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The Palestine-Poland Immigrant Bank was opened at Tel Aviv to-day. The Polish Government has subscribed £1,000 towards the capital of the Bank, the Warsaw Jewish Community £1,200, the Lodz Jewish Community £500, and a number of commercial firms in Poland have subscribed considerable sums. The present share capital is £10,000, but it is intended to increase it to £100,000. Dr. Hausner, a former Jewish Deputy, who is now the Polish Commercial Attache in Palestine, on the Board of Management of the Bank.

The Polish Government which at the time said that it would refuse to approve the budget of any Jewish Communities including subsidies for Palestine institutions, has now changed its attitude as a result of the intervention of a delegation from the Bank.

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