The sooner Great Britain adopts a clear-cut policy in Palestine consonant with its undertakings there, the sooner one may hope to find the country on the road to recovery, declared leo Istorik, presiding at the general meeting of the Anglo-Palestine Bank. He reported that the bank had not found its business disturbed by the present recession. A ten per cent dividend on ordinary shares was voted.
“It is not the prevalent lack of public security — serious and hampering through it may be — which mainly prevents recovery,” Mr. Istorik said. “It is the lack of certainty about the country’s political future which acts as a brake on all initiative and on all spirit of enterprise on the part of investors, planters and business men generally.
The Anglo-Palestine Bank, founded in 1903 in Jaffa, is the oldest bank in Palestine. It is controlled by the Jewish Colonial Trust of London, Zionist financial agency, and has fostered many Jewish enterprises in Palestine.
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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.
