The Palestine Land Development Co., central institution for land transactions of Jewish organizations, today declared an eight per cent dividend on its common stock and one of six and one-third per cent on the preferred shares. Similar dividends were paid the past two years.
The company, founded in 1908 by the World Zionist Organization, has been recognized since 1920 as a public utility body by the Palestine Government. It buys and sells land for rural and urban development by Jews, individually and in colonies. Paid up capital, as of Dec. 31, 1936, is J-287,400. A majority of the stock is held by the Zionist Organization and its affiliates.
Prof. Otto Warburg, of Haifa, is chairman of the board of directors. Dr. Arthur Ruppin is governor of the board, with Dr. Jacob Thon and Joshuah Hankin, joint managing directors.
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.
