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Palestine Electric Increases Capital

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The capital of the Palestine Electric Corporation—the Rutenberg concession—will be increased from $5,000,000 to $10,000,000, it was reported here today.

Approximately $2,500,000 will be used to discharge obligations of the concern, while the rest will be utilized to erect two new power stations, one at Lake Kinereth and the other at Lake Huleh.

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