Important economic changes in Palestine may result from a three-day AngloFrench conference, closing Monday, which is discussing the question of pooling the economic resources of French and British colonial and mandated territories.
Colonial Secretary Malcolm MacDonald, heading the British delegation, arrived yesterday morning by air and went into conference immediately with French Colonial Minister Georges Mandel. It appeared likely that one of the subjects under discussion would be the Palestine land act.
As a result of the meeting, important relaxations may be made in existing trade restrictions between Syria and Palestine, as well as among other French and British territories. The colonial ministers also stressed the necessity of combating Nazi propaganda in colonial and mandated territories by greater educational activities among the natives. Other problems on the agenda were coordination of industry, export and currency regulations and of transportation and other economic activities.
Coincidentally, French newspapers reported that oil geologists were prospecting in large areas of Palestine. The matter has been kept secret, but it has now been revealed that crews have been sent by the Iraq Petroleum Company, which has received 28 prospecting permits, it was said.
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