The draft of the Palestine Loan Ordinance of 1934 providing for the raising of a stock issue on the 2,000,000 pound loan and its expenditure in this country has been published in a special issue of the Palestine Gazette.
Fair labor conditions must be observed, it is stipulated, and all machinery and materials imported into Palestine for these works must be British-made except where otherwise provided.
The British Treasury has guaranteed the loan by Parliamentary sanction. The Bank of England will manage the loan.
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