Tables showing the distribution of Deposits in Palestine By Race & Credit Granted By Banks, 1939 to 1945 before 1948 (Nakba), British Mandate: A Survey of Palestine: Volume II - Page 557. Chapter XIV: Finance: Section 4: Banking: (d)

CHAPTER XIV.

(d) Distribution of deposits by races.

41. The following is an estimated distribution by races of total deposits as at the 31st October, 1945

Jewish deposits Arab deposits Other deposits

(including Government, military and other than Jewish or Arab deposits)

£P. 67,500,000 12,500,000

Total deposits

4,900,000 84,900,000

49. Table 4 shows the total credit granted by foreign banks, local banks and credit co-operative societies at the end of each half year, commencing with the figures for the month of September, 1939.

Table 4.

Half year I Foreign banks I Local bunks

ended

Credit cooperative societies

Total

£P. % or £P. % of £P. % of £P.
total total total
1939
30th Sept. 6,252,749 44.9 5,510,190 39.5 2,178,185 15.6 13,941,124
31st Dec. 6,82~,160 49.3 5,036,241 36.4 1,990,739 14.3 13,849,140
1940
30th June 6,337 ,634 50.2 4,416,043 34.9 1,883,542 14.9 12,637,219
31st Dee 5,804,667 50.9 3,959,137 34.7 1,642,203 14.4 11,406,007
1941
30th June 4,879,039 47.4 3,851,507 37.4 1,567,779 15.2 10,298,325
31st Dec 5,627 ,501 50. 7 3,943,449 35.6 1,515,041 13.7 11,085,991
1942
30th June 5,438,864 47.9 4,371,051 38.4 1,553,895 13. 7 11,363,810
Slst Dee. 5,028,451 45.3 4,621,684 41.6 1,459,708 13.1 11,109,843
1943
30th June 3,809,334 32.1 6,373,291 53.8 1,669,623 14.1 11,852,248
31st Dec. 4.585,530 34.7 6,912,026 52.4 l,698,791 12.9 13,196,3*7
1944
30th June 4,007,443 27.7 8,569,446 59.2 1,897 ,121 13.1 14,474,010
31st Dec. 5,629,295 33. 7 8,988,352 53.8 ~.086,767 12.5 16,704,414
1945
30th June 6,818,176 29.5 11,455,867 58.1 2,449,523 12.4 19,723,566
31st Oct. 8,812,405 35.2 13,588,170 54.2 2,650, 797 10.6 25,051,872

43. The rapid rise in deposits would normally have enabled banks to expand their !endings, but the demand for credit did not keep pace with the increase in deposits during the first years of the war, because imports were restricted, building construction was at a standstill, and there was a transition from a credit basis to a cash basis in every day transactions in the retail trade. Industrial and agricultural production expanded considerably; but both industrialists and agriculturalists were able, after a short time,

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