The British Treasury has agreed to release 500,000 pounds ($1,400,000) to Transjordan from frozen sterling balances here, it was reported today by the Daily Graphic. The release is interpreted as an indication of Britain’s intention to recognize Transjordan as the successor to the Palestine Mandate in the Arab parts of the country.
Although the Treasury was “unable” to confirm the Graphic report, authoritative sources here say that it is substantially correct. The report says that the sterling release will be made to offset heavy expenditures by Transjordan here, but no explanation of the nature of the purchases is given. The release does not affect the British-Israel financial relations and was not discussed during the current British-Israel finance talks, an Israel source said.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
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.
