Will Affect Market of Palestine and Transjordania Only (Jewish Telegraphic Agency)
Captain de Valda, the representative of the Gough General Distributing Co., Ltd., told the correspondent of the Jewish Telegraphic Agency here that the previous report that his company has already obtained a concession for the exploitation of the Transjordanian phosphates is premature.
The concession has not yet been granted. An application was made in accordance with the provisions of the Palestine mining ordinance.
Captain de Valda also corrected the impression which gained wide credence in Palestine that the exploitation of the Transjordanian phosphates will affect the world market. The Transjordanian phosphates will considerably improve the economic situation of Palestine and Transjordania but the maximum quantity of the production is too small to affect the world market.
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.