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Palestine Trade Depression Reported on at Ottoman Bank Annual Meeting in London

In Palestine the trade depression continued throughout 1930 and general conditions were unsatisfactory, General Sir Herbert Lawrence said in presiding to-day at the annual general meeting of the Ottoman Bank held here.

The construction of Haifa Harbour progresses steadily, he went on, however, and a desert railway survey was taken in hand last November. He also reported on the signing of the conventions between the Iraq Petroleum Company for the consturction of a pipeline from Iraq to Haifa and the Palestine and Transjordan Governments.