A company, made up of American and Palestinian Jewish businessmen with two Arab partners, was awarded the concession for the exploitation of the Tiberias Hot Springs.
Bernard A. Rosenblatt of New York, Mr. Suprasky and Mr. Gesundheit of Palestine, own ninety per cent of the shares. Ten per cent are held by two Arabs, Soleiman Nassif and Amin Rizek, former owners of the baths.
The concession was granted for 40 years and the concessionaires are to pay the government £3,000 annually. Seven thousand pounds has already been invested and £50,000 is expected to be put into the undertaking during the next two years.
The High Commissioner signed the concession yesterday.
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