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Deposits Increase in Palestine Banks

March 19, 1937
See Original Daily Bulletin From This Date
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According to a recent issue of the Bulletin of the Government Statistical Bureau, the deposits in the “foreign” banks in Palestine at the end of October, 1936, amounted to £14,140,146, which is an increase of £30,000 as compared with September, 1936. In addition, the Jewish Cooperative Credit institutions had a total of deposits of £2,642,053.

Among the “foreign” banks is included the Anglo-Palestine Bank, which is registered in London as an English financial institution. The deposits of the Angle-Palestine Bank in Palestine at the end of October 1936 amounted to 7½ million pounds. In addition to the “foreign banks, which include Barclays Bank, Angle-Palestine Bank, the Ottoman Bank, the Banca de Roma, the Dutch-Union Bank and the Polish Bank, there are in Palestine 70 local banks.

The Government Statistical Bureau also reports that during October 1936, there passed into Jewish possession 1,264 dunams of land, for which £7,314 was paid. From the beginning of January to the end of October 1936, Jews bought from Arabs 16,700 dunams of land, for which they paid £69,315. In the course of the first ten months of 1936, the Government bought from Arabs 1,278 dunams of land, the municipalities 29 dunams, and the churches, monasteries and European individuals, 3,058 dunams.

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