It was announced today that the issue of 300,000 non-voting shares of stock in the Anglo-Palestine Bank, put on public sale this morning at $9.37, has been heavily oversubscribed.
The issue, offered by Robert Benson amp; Sons, Ltd., was authorized by a shareholders’ meeting of the Jewish Colonial Trust founded by Dr. Theodor Herzl, father of political Zionism, to finance Jewish settlement in Palestine, which controls the bank. The bank has been paying eight per cent dividends, tax free.
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