Palestine Economic Corp. Votes Dividend

A dividend of one per cent for the six months period ending December 31, 1933, was declared yesterday by the Palestine Economic Corporation.

Bernard Flexner, chairman of the Board of Directors, in his announcement that the company had been placed on a dividend basis, said:

“The action of the Directors in voting the first dividend on the stock of the corporation is significant in that it follows the original plan and purpose for which the company was organized in 1926.” A report accompanying the announcement revealed that prosperity prevails in Palestine. Figures disclose that there is considerable expansion in prices for agricultural products and a substantial increase in the building trade.

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