London (Oct. 17)
A barter agreement between Palestine and Germany has been concluded through the Anglo-Palestine Bank, the London Financial News reported today in a dispatch from Berlin.
The agreement, which will terminate on February 28, 1935, provides for barter up to 4,000,000 Reichsmarks and includes not only trade with Palestine, but also German exports to the Far East, British India and Egypt, to cover the importation of Palestine oranges to Germany, the Financial News stated.
Extension of the agreement, if it works satisfactorily, was predicted by the financial paper, which pointed out that the import of Palestine oranges to Germany had increased steadily.
According to the terms of the agreement, as revealed by the Financial News, half of the barter account will be payable in oranges