Uncertainty on Great Britain’s Palestine policy, redefinition of which is awaiting the Royal Commission’s report, has resulted in a state of commercial stagnation in the Holy Land, it was declared at a general meeting of the Anglo-Palestine Bank, by Louis Istorik, director.
“So long as no definite, satisfactory policy has been evolved, ” he stated, “Palestine is bound to remain in a state of uncertainty which weighs heavily on the minds of investors and the business community.
This uncertainty and consequent stagnation now dominate the picture and there is little hope of revival until a satisfactory political settlement has been achieved.
“The directors are convinced the problem with which the Mandatory Government is contending is less formidable than represented. If there only existed the firm resolution to carry out loyally, without wavering, the obligations of the Mandate, most of the difficulties would melt away. Then it would be seen that the country is able to absorb a large immigrant population which is the main factor in development and prosperity.
“I an happy to tell the bank that it has in no way suffered from the year’s events.”
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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.
