The Palestine-Poland Immigrant Bank was opened at Tel Aviv to-day. The Polish Government has subscribed £1,000 towards the capital of the Bank, the Warsaw Jewish Community £1,200, the Lodz Jewish Community £500, and a number of commercial firms in Poland have subscribed considerable sums. The present share capital is £10,000, but it is intended to increase it to £100,000. Dr. Hausner, a former Jewish Deputy, who is now the Polish Commercial Attache in Palestine, on the Board of Management of the Bank.
The Polish Government which at the time said that it would refuse to approve the budget of any Jewish Communities including subsidies for Palestine institutions, has now changed its attitude as a result of the intervention of a delegation from the Bank.
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.
