Financial And Other Institutions of the Zionist Organization And The Jewish Agency for Palestine before 1948 (Nakba), British Mandate: A Survey of Palestine: Volume II - Page 911. Chapter XXII: Community And Religious Affairs: Section 3: The Zionist Organization and The Jewish Agency: (c)

CHAPTER XXII.

Rabbi J. L. Fishman, Jerusalem, (Artisans and small trades). Mr. N. Goldmann, Washington, (Political).

Mr. I. Gruenbaum, Jerusalem, (Labour).

Dr. B. Joseph, Jerusalem, (Political),

Mr. E. Kaplan, Jerusalem, (Treasurer).

Mr. Lipsky, New York.

Mr. B. Locker, London, (Political\.

Dr. E. Schmorak, Jerusalem, (Commerce and industry). Mr. M. Shapiro, Jerusalem, (Immigration).

Rabbi A. H. Silver, Cleveland, Ohio.

Dr. M. Sneh, Tel Aviv.

Rabbi Dr. Stephen S. Wise, New York.

Non-Zionist members;

Dr. M. B. Hexter, New York. Mrs. R. Jacobs, New York. Mr. M. J. Karpf, New York.

A fourth non-Zionist member, Dr. W. D. Senator of Jerusalem, resigned in December, 1945. The proportion of Zionist members (including the President) to non-Zionist members has increased as indicated by the following figures :

Year Zionist Non-Zionist
1929 5
1931 6 4
1933 10 3
1935 8 $
1045 17 s (c) Financial and other Institutions of the Zionist Organisation and the Jewish Agency for Palestine.

87. The Anglo-Palestine Bank Ltd. Established in 1903; share capital £P.861,000; deposits £P.36,242,000 by the end of 1944. Having started as a minor subsidiary of the Jewish Colonial Trust Ltd. (which was the first Zionist banking institution, established in 1899, but functions today only as a holding company for various financial institutions of the Zionist Organisation), the Anglo Palestine Bank has developed very rapidly. This is illustrated by the steady increase in the bank's share in the total bank deposits in the country from 45 % in 1938 to 58% in 1944. It has a number of subsidiaries, the most important of which is the General Mortgage Bank of Palestine Ltd. This is a central Jewish credit institution for building in towns and suburbs. Share capital £P.1,000,000. It has granted about 7,000 loans, totalling approximately £P.5,000,000, about one half of which went to Tel Aviv, roughly a quarter to Haifa, and the remainder to Jerusalem and the minor Jewish townships.

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