Some three-quarters of a million pounds has already been invested by the Prudential Assurance Company in securities which help forward the industrial life of Palestine, her buildings and her railroads, it is stated by the Jewish National Fund in an explanation issued today of the advantages that have accrued so far as a result of the cooperation between the Assurance Department of the Jewish National Fund and the Prudential Assurance Company.
The first experiment along these lines was made by the Jewish National Fund in 1923 in Austria and Czechoslovakia with the Phoenix Assurance Company of Vienna, it is stated, and the arrangements have since been extended to most countries of Europe, to Palestine, Egypt, and Northern Africa, and benefits to the extent of £65,000 have already accrued. Cooperation with the Prudential Assurance Company in this country is of later date, the statement adds, but is proving absolutely successful.
The Prudential, it is pointed out, is the largest insurance institution in the British Empire, and one of the largest financial institutions in the world, with assets exceeding £263,000,000.
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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.
