(Jewish Telegraphic Agency)
The establishment of a Palestine Colonization Bank, with a capital of twenty million dollars, will be proposed to the Jewish Agency Commission session in London by Herr Oscar Wassermann, president of the Deutsche Reichsbank and one of the Commissioners of the Jewish Agency, it was learned here.
The bank, which is to be supervised by the Jewish Agency would take over the Palestine colonization work from the Zionist Organization. Great interest is displayed in Zionist circles in Europe in this recommendation. Speculation is going on as to whether the American representatives, Louis Marshall, Felix M. Warburg and Dr. Lee K. Frankel, will support the definite recommendation of Herr Wassermann and whether the London sessions will result in the formulation of plans for raising the twenty million dollar fund. The fate of the Jewish Agency depends on whether or not such concrete measures will be adopted, according to opinion prevalent in European Zionist circles.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
