London; Jaffa: The Anglo-Palestine Company, 1913. First edition. Softcover. Quarto. 57, pp. Original printed wrappers. Untrimmed.
Illustrated with numerous charts, 4 leaves of b/w photographs depicting the directors' portraits, and 6 leaves of photographs depicting the various branches of the Jewish bank, this work is an account of The Anglo-Palestine Company's first 10 years of activities between 1903 and 1913. Includes a map of Palestine at rear.
The Jewish Colonial Trust was established in 1899 by the Second Zionist Congress with the intention to raise enough money to extend a loan to the government of the Ottoman Empire in return for a charter giving overseas Jews the legal right to settle in and develop Palestine. It was not successful in this goal but in 1902 founded Anglo-Palestine Co. Ltd., a bank incorporated that year in London.
In 1913, the year when this book was published, an office of the bank was opened in Palestine. Anglo-Palestine's meager resources did not allow it to function as the investment bank envisioned but as a commercial bank only, dealing almost exclusively in short-term credit for trade, services, and handicrafts. Nevertheless, the bank had opened five more branches in Palestine by 1914 and also one in Beirut, Lebanon, the financial and commercial center of the region. It also established a network of credit cooperative societies and played an important role in financing land purchases and settlement in Haifa, Jerusalem, and what became Tel Aviv.
Spine missing as the book was disbound. Book block split. Wrappers in overall poor to fair, interior in very good condition. f to vg. Item #40813