An Arab National Fund which serve Arabs as the Jewish National Fund serves Jews was established here today at a conference of Palestine Arab Leaders.
The conference decided to raise $400,000 for the acquisition of Arab land which may otherwise be purchased by Jews. The money will be raised by issuing a templar loan. The sum of $30, 000 was subscribed by participants at the conference. It was also decided that a levy of five cents be imposed upon every Arab in the Palestine villages as a contribution to the Arab National Fund. This special “voluntary” tax will be raised by the village leaders during the distribution of rationed sugar and flour.
As could be expected, the conference adopted a resolution demanding that the Palestine Government prohibit Jews from acquiring land anywhere in Palestine. The conference was under the chairmanship of the director of the Arab Bank, Ahman Hilmidisha, who is a financial expert for the Arabs in Palestine and in the neighboring Arab countries.
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