Tel Aviv (Jan. 7)
Establishment of a South African-Palestine Shipping Company was announced here at a meeting of the Foreign Trade Institute of the Jewish Industrialists Association. P. H. Manheim, who will head the new line, said that it has been capitalized at $500,000.
The company’s main object, Mr. Manheim said, will be to assist and finance the export and marketing of Palestine products in South Africa, and supply Palestine industry with cheap raw materials from South Africa, the Belgian Congo and other sections of the continent.
A permanent office of the Foreign Trade Institute will be opened in Teheran, it was disclosed at the meeting, which heard a report of the successful tour of Cyprus made by the Institute’s travelling exhibit of Palestine industry. The exhibition is now in Turkey from where it will proceed to Teheran.