House of Commons Votes to Endorse Palestine Government £4,500,000 Loan
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House of Commons Votes to Endorse Palestine Government £4,500,000 Loan

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(Jewish Telegraphic Agency)

The stability of the Palestine situation was attested when the House of Commons voted yesterday for the resolution introduced by the government to authorize the exchequer to guarantee a loan of £4,500,000 ($22,500,000) to the Palestine government for the construction of a Palestine harbor and other improvements in the country.

The resolution was introduced by Col. Leopold H. Amery, British Colonial Secretary and was supported by Lieutenant Commander J. M. Kenworthy, Liberal, who was returned to parliament as a Laborite. Kenworthy, supporting the resolution, enthusiastically praised the Palestine government for its support of the efforts of the Jews who, he stated, have poured wealth into Palestine. He also asked for a guarantee that the government will prevent the evils of land speculation.

Ronald McNeill, Chancellor of the Exchequer, stated that the treasury will not sanction the guarantee until it is satished with the soundness of the loan. Major R. G. Glym, conservative M. P. supporting the resolution, stated that he was glad that the Palestine loan will be devoted to the construction of harbors. “By developing the country, Britain can best prove to the Arabs that she has recognized her tremendous obligation and that she is determined to fulfill it,” he stated.

Major Ormsby-Gore, Understate Secretary in the Colonial Office, announced that there will be no change in the English policy in Palestine. The Balfour Declaration has stood as the British policy and it has been justified. Palestine, which many thought to be a liability, is turning out to be an asset, he said.

Sir Frederick Wise asked the parliamentary secretary of Overseas Trade as to the value of the imports into Palestine from the British Empire.

Arthur Samuels, head of the Department for Overseas Trade, in reply to this question stated that the total amount of goods imported from the United Kingdom and Northern Ireland amounted to £432,435, from the British dominions £71,024 and from foreign countries £3,270,585.

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