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Palestine Banks Ordered to Prepare Accounts for Partition

THE SPEED WITH WHICH THE GOVERNMENT IS PREPARING FOR PARTITION OF PALESTINE WAS INDICATED TODAY WHEN A CIRCULAR WAS ISSUED TO ALL BANKS OF THE COUNTRY, PROVIDING FOR REVISION OF THEIR AFFAIRS UNDER THE PROPOSED NEW GOVERnments.

THE CIRCULAR ADVISED THE BANKS TO DIVIDE THEIR MONTHLY STATEMENTS IN ACCORDANCE WITH THE PARTITION SCHEME AND TO ARRANGE SPECIAL ACCOUNTS FOR THE PROPOSED JEWISH STATE, ARAB STATE AND BRITISH MANDATE, INCLUDING THE CITY OF HAIFA.

CHARGES THAT THE PALESTINE GOVERNMENT HAS INSTITUTED A “TRANSITORY POLICY,” PENDING PARTITION OF THE HOLY LAND, AND IS RESTRICTING JEWISH PROJECTS, WERE CONTAINED IN AN EDITORIAL TODAY BY DAVAR, HEBREW LABORITE DAILY.

THE EDITORIAL WARNS THE POLICY MAY RESULT IN A GENERAL ECONOMIC CRISIS.

COMMENTING ON THE COMPROMISE MEASURE ADOPTED BY THE HOUSE OF COMMONS IN WEDNESDAY’S DEBATE ON PARTITION, THE EDITORIAL STATES IT SHOWS THAT THE MAJORITY REMEMBERS THE AIMS OF THE MANDATE.

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