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Dr. Magnes Director in Ruttenberg Corporation

October 5, 1923
See Original Daily Bulletin From This Date
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Dr. J.L. Magness has accepted appointment as one of the Board of the Palestine Electric Corporation. Ltd., which is in charge of the Ruttenberg concession.

Other members of the Board are P. Ruttenberg, Dr. George Halpern, M.O. Nassatisin and Harry Sacher 250,000 pounds of the total of a million pounds of authorized capital have been paid up the paid up subscriptions are those of the Jewish Golonial Trust, 150,000 pounds, M.O. Nassastisin, 50,000 pounds and Edmond Rothschild, 50,000 pounds. Rothschild has also agreed to invest 50,000 pounds additional stock.

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