The capital fund of the South African Palestine corporation, Binyan, will be increased from —100,000 to —150,000, it was announced today at the annual meeting. Two-thirds of the capital has already been subscribed for, officials of the company stated.
Interest on loans made by the company in Palestine will be reduced, it was declared.
Keep Jewish Stories in Focus.
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.