The Dead Sea concession to Moses Novomejsky and Major Tulloch, for the formation of a company to exploit the mineral salts, will be signed within a fortnight, the Jewish Telegraphic Agency learns from good authority.
Although the majority of the directors of the contemplated company are to be Britishers and Palestinians, prominent representation will be accorded to Americans.
The American members of the board of directors will include Felix M. Warburg and Bernard Flexner, as vice-chairman and chairman respectively of the Palestine Economic Corporation; Israel Brodie and Edward Friedman, representing an American group which has subscribed toward the company’s capital.
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.