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Palestine Economic Corporation Changes Name; Has 12,000 Shareholders

Palestine Economic Corporation, known as PEC since its establishment in New York 36 years ago, has changed its name to PEC Israel Economic Corporation, it was announced by Joseph Meyerhoff, president.

PEC Israel Economic Corporation stock is held by almost 12,000 stockholders throughout the United States, Mr. Meyerhoff said. It was founded by a group of American Jewish leaders in 1926, and has been instrumental in fostering private enterprise in Israel. PEC’s assets exceed $19,000,000. Its latest dividend, paid for 1961, was $1.25 on its $25 par value common stock.