Tel Aviv (May. 6)
The establishment of a Jewish shipping company, capitalized at $2,000,000, was announced here by Bar-Kochba Merowitz, head of the Jewish Agency’s maritime department. Merowitz said he is leaving for London shortly to negotiate with British shipping circles and to secure their cooperation.
The Arab newspaper Falastin reports that a group of Arab capitalists at Jaffa have decided to establish an Arab shipping company, which will also have a capital of $2,000,000. Its ships would ply the Mediterranean using Jaffa as a home port.