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The United Jewish People’s Bank, Ltd., has been registered in London on August 30 by the cirectorium of the United Jewish Emigration Committee.
The bank which, according to its articles of incorporation, will seek to promote the development of handicraft industries and agriculture among Jews starts with a capital of Â£500,000.
It will aim to foster in particular all kinds of cooperative undertakings and assist in the emigration and immigration of Jews throughout the world.
While its utltimate objects are of a social nature the institution is authorized to conduct a regular banking business.
Among the subscribers are Latzki-Bertholdi, Advocate Sliosberg, Leo Motzkin, Dr. L. Branson, Vladimir Tiomkin, Rabbi Jochelman, and Dr. Brutzkus. The directors of the bank have not yet been appointed.
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