The nominal capital of £2,000,000 is divided into £1,999,900 ordinary shares of £1 each and 100 founders’ shares of £1 each. These latter shares are jointly held by those persons who for the time being are the members of the Council of the Company. The members of this Council are appointed by the Actions Committee of the Zionist Congress from the members, and are entitled at any General Meeting of the Company on all questions, with the exception of that relating to the declaration of a dividend, to as many votes as all the holders of ordinary shares present and voting at such General Meeting. The capital issued, including the aforementioned 100 founders’ shares, amounted, on the 15th May, 1916, to £261,658. The Company is controlled by a Council consisting at present of twenty members, who are at the same time the joint holders of the founders’ shares referred to above, and by a Board of Directors consisting at present of thirteen members, of whom four are Governors (Representatives of the Council). Until his death in September, 1914, David Wolffsohn was President of the Council and a Governor. He succeeded the late Dr. Herzl in these positions on his death in 1904. Previous to that Wolffsohn was Chairman of the Board of Directors, which position he had held since the formation of the Company in 1899.
The members of the present Council are Professor Dr. O. Warburg (Vice-President), Dr. M. J. Bodenheimer (Reporter), M. M. Ussischkin, I. A. Rosoff, A. Podlischewsky, Simon Rosenbaum, I. Naiditsch, J. H. Kann, L. Kessler, Jean Fischer, Dr. V. Jacobsohn, M. Hornstein, Dr. A. Marmorek, Julius Simon, L. Motzkin, Dr. A. Hantke, J. Kremenetzky, Dr. A. Friedemann, Dr. A. Klee. The members of the present Board of Directors are: Dr. V. Katzenelsohn (Chairman), J. H. Kann (Vice-Chairman), S. Barbasch, H. Urysohn, Joseph Cowen, I. A. Rosoff, M. M. Ussischkin, Jean Fischer, Julius Simon, L. Kessler, M. Feldstein, Dr. V. Jacobsohn, J. Kremenetzky. The last four members are the Governors.
2. The Anglo-Palestine Company, Ltd.
This Company was registered on the 27th January, 1902, and began its business operations in the spring of 1903. Its Head Office is at Jaffa, and it has Branches at Jerusalem (Manager: Dr. Isaac Levy; Sub-Manager: S. Gordon), Hebron (Manager: S. Slonim), Haifa (Manager: V. Kaisermann), Beirut (I. Lipawsky, who died in October, 1915, was Manager before the outbreak of war), Safed (Manager: J. Karniol), Tiberias (Manager: Mr. Bentovim).
The Managing Director of the Company is Mr. David Levontin, who is assisted at the Head Office by S. Hoofien, Assistant General Manager, and J. Grasowsky and M. Arwas, Sub-Managers.
The Company is the mainstay of Jewish colonization in Palestine. It advances money to Land Societies for buying land, which is then sold to new immigrants, also to building societies for establishing modern hygienic quarters in the vicinity of towns (Jaffa, Jerusalem, Haifa, etc.). It also makes advances for the installation of water supplies in the Jewish Colonies, and grants loans on long terms for the development of plantations. It has further organized with its own means Co-operative and Loan Societies for the purpose of buying agricultural implements and selling the products of the soil, especially oranges, lemons and wine. The Company has also elaborated various projects for public enterprises, such as tramways, irrigation works, electric lighting, etc. The Company also carries on every kind of banking business, dealing with all elements of the population regardless of race or creed. Thus the Company has become an important factor in the economic life of the country.
The nominal capital of the Company is £120,000, divided into 120,000 ordinary shares of £1 each. The paid-up capital on the 15th May, 1916, was £99,727.
The Board of Directors of the Company consists of the following members: J. H. Kann (Vice-Chairman), Dr. N. Katzenelsohn, S. Barbasch, H. Urysohn, Joseph Cowen, M. M. Ussischkin, L. Kessler, M. Feldstein, J. Kremenetzky, I. L. Goldberg, D. Levontin (Managing Director). The last Chairman of the Company before the war was the late David Wolffsohn.
3. The Anglo-Levantine Banking Company, Ltd.
This Company was registered on the 8th May, 1908, and has since then carried on banking business in Turkey.