The facilitating of credits for Jewish industries in Palestine will be considered at the meeting of directors of the Palestine Credit Cooperative Bank on January 16 here.
Organized through the efforts of the Palestine Development Council, of New York, with a nominal capital of $400,000, a number of Jewish organizations in Europe are now cooperating with the bank. These organizations include the Jewish Colonization Association and the Palestine Economic Board, headed by Sir Alfred Mond. The “Brandeis group” has so far advanced £25,000, the Economic Board £5,000, the rest of the capital being subscribed by the ICA and the JDC. Mr. Leonard Robinson of New York will represent at this meeting the JDC and, by proxy, the Palestine Development Council.
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